The first 8 days of trading in the financial markets have once again been dominated by scare stories, which are prompted by a large decline in mainland China shares over this 8-day period. The Chinese stock market actually suspended trading in shares on the 4th January because things got so bad. This level of volatility has spread across to almost every other equity market. You would be forgiven for asking have we not been here before. Simple because this is virtually a mirror image of what happened last August.