A lot is changing this year. The "new normal" no longer applies. I think a lot of people are going to lose their shirts thinking that QE rules still run the game when the whole dynamic is actually shifting to SHTF mode.
That chart looks seriously insane. Exuberance and hopes in rainbows can't possibly explain this mass delusion - it's got to be some compulsive disorder akin to gambling only they haven't worked out how to short stocks yet. I thought the chinese were good at maths, but apparently not. It might explain why Macau's tourism (Their casino takings are seven times bigger than Vegas) is declining - all the nutjobs are betting on a "sure thing" in the Shanghai composites.
Hey, the money's gotta park somewhere and stay there (ie, be taken out of circulation). Otherwise, there be inflation, and bankers like that even less than low interest rates.
The Chinese see a stock goin up 1% everyday..and they want a part of that..they do not look at the company they are buying..just the increase in stock price.....its gambling pure and simple...and they love it...especially if they are using someone elses money
Just imagine how bad markets would be if company profits went up.
I would </s> but it's true...
A lot is changing this year. The "new normal" no longer applies. I think a lot of people are going to lose their shirts thinking that QE rules still run the game when the whole dynamic is actually shifting to SHTF mode.
There is just nothing to say anymore. Why do we even bother to pretend.
Why should the US markets have all the fun-durr-mentals? Plenty of irrational exuberance to go around.
Guess Tuesday has moved east
I'm just glad China has wised up and finally relaized that paper assets are where it's at. Not real estate. Certainly not gold.
Buimo sdog
Eat the dog?
???????? At least that's the traditional Chinese. Simplified, it's ????????.
Damnit, Zerohedge doesn't accept Chinese characters. I didn't really mean to write all those question marks.
???????
.
I am pole dancing on the weekends to make more money to buy stocks...
https://www.youtube.com/watch?v=iAhayy1NGJ0
Confucius say: He who buys stawks when profits fall sees fool in mirror.
That chart looks seriously insane. Exuberance and hopes in rainbows can't possibly explain this mass delusion - it's got to be some compulsive disorder akin to gambling only they haven't worked out how to short stocks yet. I thought the chinese were good at maths, but apparently not. It might explain why Macau's tourism (Their casino takings are seven times bigger than Vegas) is declining - all the nutjobs are betting on a "sure thing" in the Shanghai composites.
Those Macau earnings are a very big warning.
The Chinese will bet on the sun rising in the east.Compulsive gamblers understates
that national trait.
Sometimes the East xJapan is ahead of the curve. Remember all those Chinese students laughing at Geithner?
Sea change anybody?
Hey, the money's gotta park somewhere and stay there (ie, be taken out of circulation). Otherwise, there be inflation, and bankers like that even less than low interest rates.
"Man finds no significance in reality, but lives in a continual and perpetual state of fantasy."
- Friedrich "Where the Fuck Am I?" Neitzsche
We Zimbabwe'd some folks.
The Chinese see a stock goin up 1% everyday..and they want a part of that..they do not look at the company they are buying..just the increase in stock price.....its gambling pure and simple...and they love it...especially if they are using someone elses money