China's alleged move to sell the riskiest assets in its foreign reserve holdings is the talk of the markets. The Asia Times isn't exactly the most reputable news outlet, but no official Chinese source has yet moved to dismiss or deny the alleged leak so it may turn out to be legit. This (alleged) turn of events should be the final nail in the coffin for investors' expectations of recovery, if the Greek bailout saga hadn't accomplished that already.
Get ready for the next massive leg down for U.S. equity prices, coming soon to a 401(k) balance near you.
