(This story was first published in 2015.)
Chinese markets have had a tortuous start to the new year, buffeted by the falling yuan and two days of stock exchange suspensions in a week.
Weak factory and service sector activity surveys have added to the mix. Facing decisions of when or whether to buy or sell are millions of mom-and-pop investors - from pensioners, to security guards, to students.
Wu Lin'an sells his analysis of the stock market at the "street stock salon". Small investors will need to decide whether to stand their ground, get out or buy in to stocks they believe have a chance of turning them a profit.
"Further financial market volatility is likely," Moody's Investors Service said in a January 8 research note.
Moody's put the market turmoil down to an inherent tension between Beijing's attempts to reform its economy and give a greater role to market forces while maintaining economic and social stability.