Chinese don't really believe in markets. They like stability, they like control.

It may be that the U.S. stock market starts to rise if people think it's gone far enough.

If you don't have a set of principles that you can explain for what you are doing, then how can anybody know what you're going to do next?

There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency.

The only reason you would want your currency to fall, if you could control it, is in order to get more exports.

China's stock market is not very big. And yet when stock market has a bad day in China, it seems, Europe has a bad day and then we have a bad day.

The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.