What Happened To The Peg China?

So the stocks rallied. Why? Because of China Yuan reform strategy...

• China unleashes global rally with 'flexible' yuan
• Asian markets up on China yuan reform signal

But as highlighted in my link:

• Recommended reading: Yves' China’s Renminbi Announcement: A Big Headfake

And guess what... the headfake was true as China threw the screwball by keeping the Yuan flat!

On CNBC: China Keeps Yuan Flat Despite Flexibility Pledge

• China told the rest of the world on Friday not to meddle with the way it manages the yuan, calling the exchange rate a sovereign matter for it alone to decide.

How?

And as expected... Global rally cools after China leaves yuan flat

ROFLMAO!!!

Life is fun eh?