Tale tell signs were there especially the Rio Tinto fiasco refer to China's beatdown of Australia - it's all about business and the aggression (polictical) towards Australia refer to China sticks to it's beatdown.... Also refer to New bubbles forming in all markets, Chinese commodity buying could have peaked. Watch global bond markets, may weaken on deficits and corp defaults
China is in trouble. A total export market collapse, over capacity and stimulus running and holding up a whole economy - which has caused an overly speculated stock market and property market. China corrected first (as far as a rebound in global stocks 2009) within their stock market which was shy of falling into a bear market, has now since rebounded back, I suspect was initiated by government officials paranoid of a total stock market meltdown. Despite a rebound the one year graph reveals the trend and it's going one way, which is down.
The US/European markets are reveling in far too much optimism, which is worry in it's self, with China potentially going into an economic meltdown. This may be that 'major' shock to the US/European markets.
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