Patrick Legland and China International

: But Patrick Legland, Societe Generale global of head of research, says the selloff in developed equity markets has gone too far and offers up three reasons to hold tight while the bears rage, according to Market Watch. Read: Get ready for a lousy September as investor sentiment slips Blame China for international fears pecking away at investor sentiment. Losses have been driven by international worries, which are outweighing some more-positive domestic signs. On Monday, as U.S. investors enjoyed a Labor Day holiday, the world second-biggest economy cut its 2014 growth rate to 7.3% from 7.4%. That news weighed on the Shanghai Composite SHCOMP, +2.92% which closed down 2.5%, despite soothing comments from the governor of China central bank that the country own stock swoon won’t last much longer. The difference this time is that the economy is slowing — Soc Gen economists expect growth of 6.9% in 2015 and 6% in 2016. Legland says Chinese equities are indeed in a bubble, just like the one that led to a meltdown in 2007. (news.financializer.com). As reported in the news.