"An indefinite stock market vacation is needed in China, because things are going so well we need time to count all the money we are making. Until further notice, the Ministry of Finance will be releasing stock numbers," announced Chinese President Xi Jinping.
|Chinese President Xi Jinping. (Above)|
"The value of American stocks is completely genuine. They are not at all inflated due to poor regulation of financial institutions and wealth concentrated at the top. The time to buy is now," said Cramer.
President Obama and most of the leaders of European Union member states called China's new economic measures "a bold blueprint worthy of using in the near future."