First of all, readers should know about Evergrande background and same can be seen in the below lines:
The Evergrande Group or the Evergrande Real Estate Group is the second-largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China.
Analysis for Evergrande Crisis
You need not worry as Evergrande is not going to become Lehman Brothers crisis as they have land bank whereas Lehman had Nil Batta Nil.
If Friday i.e. tomorrow passes peacefully then the Evergrande crisis is over.
So, do not panic.
Actually, these bear cartels collude together and try to time the market as this time they did with Evergrande issue when FOMC meet on Fed tapering was due and they try to create a fear psychosis to pull down the market. Evergrande news is alive for the past 1 month and suddenly it gets awaken from its slumber near the FOMC meeting which shows the play of bears behind the whole episode.
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