Quote Message: Maybe China has been economical with the truth about its growth and future prospects. Maybe oil and commodities have fallen out of bed! Yes, emerging market currencies have been trashed against the dollar under a cloud of threatened higher interest rates being implemented in the US. It is also not unreasonable to surmise that stocks are fully valued. Also QE, which at the time of introduction in March 2009 was absolutely essential, is starting to wear off in places. So how could anyone possibly be surprised that there has been some profit taking from wholly unrealistic increases in the value of many shares?

Maybe China has been economical with the truth about its growth and future prospects. Maybe oil and commodities have fallen out of bed! Yes, emerging market currencies have been trashed against the dollar under a cloud of threatened higher interest rates being implemented in the US. It is also not unreasonable to surmise that stocks are fully valued. Also QE, which at the time of introduction in March 2009 was absolutely essential, is starting to wear off in places. So how could anyone possibly be surprised that there has been some profit taking from wholly unrealistic increases in the value of many shares?