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Racing Bulls: Shanghai vs. Wall St.
Economic Forecasts & Opinions
A new symbol of China's market ambitions: It is getting its own charging bull sculpture for its Shanghai Stock Exchange, similar to the one in front of the New York Stock Exchange.
Determined to become the next world financial powerhouse, China has decided to install a symbol of the Western capitalism in the Shanghai Bund (??), a historic financial center of China.
The Bund (??) has dozens of historical buildings that once housed many international banks and trading houses from countries like the U.K., France, the U.S. Russia, and Germany.
The district was initially a British settlement; later the British and American settlements were combined in the International Settlement. A building boom at the end of 19th century and beginning of 20th century led to the Bund becoming a major financial hub of East Asia.
According to the Wall Street Journal, Arturo Di Modica, the original artist of the bronze "Charging Bull" at the front of the New York Stock Exchange in 1989, says his latest rendition is modeled for China:
"It must be strong. It's about a strong nation."
Although the new Chinese charging bull, made in Wyoming, is "exactly" the same length, height and weight at 5,000 pounds, it is bright-eyed, leaning to the right instead of the left and reddish compared with the original--"the color of China,"--Mr. Di Modica says. The Shanghai bull's tail also appears more "menacing", corkscrewing upward.
I personally would prefer Beijing commission one of the country's equally talented artists to come up with a fresh new version. Nevertheless, this is a milestone of China's progression so far and symbolic of the path forward. Wall Street should Indeed be nervous about a rival shaping up across the Pacific.
For now, I would simply greet this historic event with "????" (May Fortune Come To Your Market.)
Video Source: WSJ.com
Economic Forecasts & Opinions
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Nevertheless, this is a milestone of China's progression so far and symbolic of the path forward.
...and maybe just a bit of evidence of cargo cult?
DOW key resistance level is 11,250/300
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Still can't hold a candle to this:
http://www.flickr.com/photos/ackdoh/sets/72157614328827473/
Racing bulls or raging bulls? I never knew.
They should both install bucking broncos in a tribute to their comical economies.
Let's see..... What that old saying about hubris?
Bubble, bubble toil and trouble...
bull it looks like a large cow with horns .
I've got a better bull for them... but it will be a bugger to mount!
http://www.nps.gov/history/history/online_books/grte1/images/chap1c.jpg
Dude, that's a buffalo!
Thousands of years before the guns and horses arrived in North America the Plains Indians hunted the bison on foot. They used spears and later bows and arrows for the hunt. They had several ways to capture the bison. The "Buffalo Pound" and "Buffalo Jump" methods were used to kill large numbers of animals. The BUFFALO JUMP method
"Chasers" or "runners" would lead the animals towards a cliff where others waited behind rocks and trees. People waved blankets and shouted forcing the animals over the edge of the cliff. Others waited at the bottom of the cliff to kill the crippled animals.
Still a bull if it has balls Rocky! you can even inter-breed them with domestic cattle... beefalo anyone? :)
http://en.wikipedia.org/wiki/Beefalo
I stand corrected. I'll take mine medium rare.
Looks like a good long setup here: