How long will bounce last? Canada and Chile markets in free fall

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In spite of decline on Monday, the bounce from extremely oversold conditions continues. There were only 171 new lows on Monday, compared with over 1600 one day last week.

Are things as bad as the 2008 decline?  How about Canada’s stock index:

Canada01252016

Or Chile’s:

Chile01252016All world indexes I checked are experiencing BWR declines! Can we blame everything on China?

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