China's stock market crashed before the economy's slowdown last year, and it rose before the strong recovery earlier this year. So does the current selloff indicate fresh economic troubles?
Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his stock-market insights.
“[China] topped out before the other markets, they had their rebound at the end of 2008, long before we had our March bounce and they had a bit of a sharper rally and they seem to have peaked out before we did so it’s bit of a leading indicator,” said Cashin.
Cashin said he is concerned about the market uncertainty amongst investors and suggested the next six to eight weeks will be “very critical.”
“We may be pressing in the middle of the ‘W’ so we’ve got a lot of things to watch for and the course of action of the dollar is going to be spectacularly important,” he added.
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Disclosure information was not available for Cashin or his company.