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Right Now, In Hong Kong...
In our overnight market summary first thing morning, in which we noted that the Chinese bubble (shown most recently here) has finally spilled over into Hong Kong, we were dumbfounded by the move in the Hang Seng overnight, where as we reported previously, overnight there was "a blistering rally which rose nearly 4% on immense volume which at 250 billion Hong Kong dollars ($32 billion) was three times the average daily volume over the past year and nearly 20% more than the previous record volume day in October 2007, at the height of the pre-financial crisis bubble."
As it turns out that was nothing.
This is what has happened since then, in just the past hour, as the elementary school-educated Chinese momentum trading hoardes have descended.
No, that chart is fine, and nothing is wrong with your eyes: that was, indeed, until a few minutes ago, a 10% move in just the past two days!
This is how it looks longer term:
Some details from Bloomberg:
- Hang Seng Index’s 14-day relative-strength index rises to 87.2, highest since October 1993. RSI >70 signals to some traders shares are due to decline
- Turnover on Hang Seng Index ~400% higher than 30-day avg for this time of day
- Hang Seng Volatility Index surges 56%, set for biggest increase on record and heading for highest level since June 2012; two-day jump is 138%
- Hang Seng China Enterprises RSI climbs to 85.2, Shanghai Composite at 84
- 31 out of 40 Hang Seng China members had RSI >70 yday, most since Oct. 2007
- 20 Hang Seng China stocks at new 52-week highs yday, also most since Oct. 2007
Or, said far simpler, a stock bubble of epic proportions.
So sit back and enjoy, because at this point there are just two options: it continues rising parabolically, or it crashes. And since the Chinese stock market is now linked to Hong Kong, any crash here will first lead to a shake down in China, and - since global central bank liquidity is immediately fungible - a crash in China may well be the catalyst that take out the unprecedented global central bank liquidity bubble which has been reflating in virtually a straight line since 2008.
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Best since before Lehman, or after? I'm getting confused. And did you see that drop in the last 2 minutes after the much larger increase before? Crazy.
lol... dont worry, everyone is fucking confused at this point
slightly OT, but does anyone have any idea if Greece is going to make that payment due tomorrow?
They say yes.
YMMV.
MIght it be the Federal Reserve simply spending $35 billion to cause a black flag "crash"?
Thank God the Chinks finally realized that PAPER assets are where it's at. Not real estate. Certainly not gold.
I'll take what's that in your armor for a thousnd, Alex.
Trillions in central bank fiat (in USD denominated terms) is going to be vaporized in a very short time frame. 90% of these funds have been grossly mis-invested , mis-allocated, skimmed, etc.
Chinese equity market is a huge sham and is in imminent risk of crash.
Check out how insanely Chinese sham company shares are being peddled to the dumb Chinese sheeple literally out of sidewalk kiosks by shysters:
Sidewalk Touts Trade Tips On Shanghai's Booming Bull Market
APRIL 08, 2015 4:07 PM ET
http://www.npr.org/blogs/parallels/2015/04/08/398338647/sidewalk-touts-t...
Chinese equity markets'have replaced Chinese real estate as con du jour, will be next bubble to burst, and then the global crash tide spreads to Japan, Australia, Korea, EU/UK, then U.S.
We're going to have a full on 1933 style deflationary depression, peeps.
The trillions (in USD) of liquidity printed by central banks the world over in the wake of the 2008-2009 crisis only patched & papered over the core structural issues that have infected the global economy (e.g. weak aggregate demand, e.g. automation, e.g. commodity bubbles, etc.).
Who needs Macau when you have this kind of gambling going on?
I like how high school educated is being used as derogatory when it's likely a better technical education than most American BAs
b,b,but...those sitting in the back-/board-rooms are ivy-leaque trained, no?
chi-mera !
Up 936.68 as of now. Could this be short covering in panic mode. Havent heard of any bankers killing themselves with nail guns yet.
yea, why no 'declared self help' market breakage here...its like...no it couldnt be... it only breaks when the market GOES DOWN!?!!?
Even an avid Bitcoiner stares in awe at that chart.
liquidity dried up fast, no?
QE "restricted", no?
Credit kept flow, no?
Filled with newly "printed" fiats up gaps between SH and HK so...
Just saying...
Could they be buying in Dollars, and then sell short in Yuan?
Have you been to visit the Great Wall of Vagina?
http://www.greatwallofvagina.co.uk/great-wall-vagina-panel-1-0
that's hilarious! damn, whay dint I think of that?! hahaha
If I had....I'd a made it waaaaaaaaaaaaaaaaaaay better though
My fave is third one from left on bottom row. I could work with that.
There are many more vaginas to explore:
http://www.greatwallofvagina.co.uk/images
The casting process starts out like a porn clip, quickly changes into what looks like a lesson on auto body repair and ends up with pie crust. What a ride!
http://www.greatwallofvagina.co.uk/casting-process
That makes Roubini look like a piker...
One looks like John Wayne's saddle bags and another like a furious prawn
them wall vags is....wrong.
How dare someone take something so sexy and turn it into....dead ghost lip lookin' things
That's how I felt back in the 1960's when I read about the Plaster Casters in The Realist. One side wanted to meet the fluffer and the other wanted to get a shot of penicillin at the local free clinic.
HAHAHAHAH . Cool stuff
Now we all want to know which type MsCreant has but are afraid to ask. Maybe she'll say.
Who needs to surmount the Wall of Worry?
For those of you who are offended, wow!
China, the great wall, the wall of worry, the charts above...
It is both a chuckle, and educational. Deal with it and your reaction. What is wrong with hundreds of them? They are neither intrinsically good or bad. Vag is. Mounting the wall of worry was funny.
A very sexually active woman tells her plastic surgeon that she wants her vaginal lips reduced in size because they were flapping in the breeze. Out of embarrassment she insisted that the surgery be kept a secret and the surgeon agreed.
Awakening from the anesthesia after the surgery she found three roses carefully placed beside her on the bed.
Outraged, she immediately calls in the doctor. "I thought I asked you not to tell anyone about my operation!"
The surgeon told her he had carried out her wish for confidentiality and that the first rose was from him: "I felt sad because you went through this all by yourself."
"The second rose is from my nurse. She assisted me in the surgery and empathized because she had had the same procedure done some time ago."
"And what about the third rose?" she asked.
"Oh, that rose is from a man upstairs in the burn unit. He wanted to thank you for his new ears."
Reminds me of those useless flaps of skin surrounding the vagina.
aka 'the woman'
Hating women is the normal endpoint for those men obsessed with vagina.
vag is indeed. it is only slightly more literal than that gal who did the dinner plate art thing about 30 years ago.
Looks like a Meat Curtain Menu Board.
"Gimmee a Dumbo Ears to go."
Plaster Caster.......been done before....only reverse.
https://www.youtube.com/watch?v=107u_TKjFx4
I love Hong Kong, particularly when people are not throwing themselves off of buildings
after losing personal and family fortunes.
China makes more gold than they report...so of course they are buying paper. Also, Dude, "Chinks" is not the preferred nomenclature.
The Chinaman is not the issue here, Dude
"Also, Dude, "Chinks" is not the preferred nomenclature."
Sorry, I was trying to be polite. Slant-eyed bastards didn't seem appropriate in this forum.
He was joking with you, never seen "The Big Lebowski" ?
Oh, fuck. I totally missed the reference. I should have caught that one. My bad.
sall good
Haha...no worries about a missed reference. The Fed never mentions China and yet parts of QE are directly for China.
Schrodinger would say both at the same time.
I think you mean Heisenberg. But I digress.
Are you certain about that?
schrodinger would say heisenberg said it but the cat's got his tongue.
It is impossible to say with certainty if the cat has his tongue or not. With certainty we can say the cat is pink on the inside.
Jen Psaki: Well, we're not really certain whether the cat is alive or dead and how fast it's moving whether it's inside or outside the box but the outcome will be judged fair and equitable forever but be sure actions will be taken to attempt to thwart any further dissent on YouTube.
#Catlivesmatter.
Heisenberg would say you could only know one of the two variables at a time. Schrodinger says that it is both at the same time. I think Schrodinger works here.
But with one ya gotta look, and that's cheating. Or a quantum leap depending on your "perspective". Damn, that's a 3 circle pun!
Stop, you're killing me!
that graph looks like silver april '11 or beanie babies y2k.
just pull out the vaseline and get ready for the blowback here when that shithole blows.....it'll spread like butter.......
WHO is fucking Lehman???
He must have been a real asshole!
There were two of them, actually. They were brothers.
Plural doesn't necessarily mean a pair. As far as I'm concerned - all bankers are Lehmans.
Correct.
The original Lehman brothers were 3, Henry, Emanuel and Mayer, they were Jewish immigrants from Bavaria.
"must have been a real asshole!"
They were.
Anyone with big cajones can step up and try shorting via the 3x China bear etf YANG.
Remember in 'Indiana Jones' when the dude's face melted off? Like that. I'll pass.
I bet when they open the FOMC minutes spirits start circling the room....
#arkoftheFED
I'll throw a mil in and see what happens
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
You have been blowing winter now for 10 weeks and 6 days, impressive. ZH keeps track. Winter's knob might come off. Then we will know if you really do swallow.
lol nice... why dont they ban these fools?
hey look, he even upvotes himself and downvotes others.
Buy the fucking dip!
the bastards killed gold......may they all die from rectal cancer...painfully.
Lee Ming brothers.
I don't get it...
Watching it was awesome. Unreal. Good to see markets are still working as they should (lol)
Now down 1,000 points from the high , but still up 2% for the day. F*cking hilarious.
Oil moved 6% JUST TODAY. So, it's not like this shit's just happening "over there".
Supply was up 3% and demand down 3%, thus the 6% move. Duh.
Of course! I should have realized.
damn good thing these markets are efficient.
If only AU would move like that.
Point is... an asset us an asset, a rise is rise, math is math.
And dogmatists are dogmatic, rain or shine.
Maff be Maff yo
It can go up until the computers can't handle the numbers. It is all FRAUD so why not see where the limit is. Who cares.
Everybody is rich. Whoopie.
Don't they have interventions or circuit breakers?
Do they need to borrow our Wizard of Oz?
Plenty more gyrations in the future to drive capital into the "correct" pockets.
Nose bleed levels!
The propensity for good fortune will not be very good for those born in a year of the Goat, and they will easily become involved in financial difficulties. Therefore, they should adopt conservative strategies when dealing with investments. They should try their best to increase their income, decrease their expenditure, and live within their means. Lottery fans should restrain themselves from gambling too much in order to avoid big losses."
???? Zh?ocáijìnb?o - "When wealth is acquired, precious objects follow"[99]
Has to be The Fundamentals!
Wait a sec... you mean that chart means something?
Yeah bitch - BTFD.
Chinese luv to gamble, but this will catching the knife with your teeth.
ChiCom payback for the democracy protests perhaps?
Zerohedge still lives in libertarian utopia as if markets exist.
No, Zerohedge, no it won't collapse, if Politburo decides it that it won't collapse.
Please Tylers, get out of utopia of "market". There is no market.
To quote Doc Engali, "markets are a policy tool". Which is not only correct, but applicable to more than just the United States.
All utopians, which basically all libertairians, believe in Invisible Hand which cannot be controlled.
Like the utopia of government cannot control markets.
That is a pile of excrement. There is no such thing as Invisible Hand. The government can control everything, if it wishes to
Finally we agree. The gov wants and will control everything. The Invisible Hand is alive and well.
I think I feel it grabbing my ass right now!
Do you really consider the system, alive and well?
That is the message which those at CNBC is trying to sell and I am not buying it or much of anything these days.
It is teetering on a knife edge.
The writing is on the wall. The financial system is a zombie. It is a vestige of its former self. It is hollowed out from the cancer of corruption within and is a walking dead man. THERE IS NOT ONE DAMNED THING THAT IS EITHER ALIVE OR WELL ABOUT IT. The Wizard is not all as Great and Powerful as he wants you to believe. And you still buy that he is?
This is TEMPORAL and so soon shall pass away into the dustbin of history where it rightfully belongs.
It will be epic and written about for 1000 years if humanity survives it.
You are right for the moment. When supply chains break down, Mother Earth and The Market will have their say.
Precisely, it's all about supply chains.
But the majority of people think that finance and economics have little connection
Most people can't see that government controlling finance leads to collapse of supply chains.
Thus government cannot control it can they?
Temporary control is not control but it is repression.
The market exists as it is natural. Governments unwisely move to repress it.
Governments will rise.
Governments will Zenith
Governments willl decline.
And ultimately Governments will perish.
But throughout all of that fiction, uttered by fiat, that which is natural still remains.
It is the same as if Government were to declare the law of conservation of Momentum and laws of Gravitational attraction null and void by fiat. (...were to declare...excuse me. They have already done that.)
It does not change the truth and nullify those natural laws, does it?
I don't know about an invisible hand as obviously there is no such thing. I think many of us simply believe in the natural actions of a free market, something we can only theorize about as we have never seen one. There is no doubt that what we have is nothing of a free market except in only the most local and small scale of ways. And there is also no doubt that every aspect of our economy is either directed or effected by government influence and whether it is the desired result or simply a tragic unintended consequence, it is slowly killing the naturally productive aspects of our economy and will soon only be supported by artificial stimulus, or as some of us prefer to refer to it as...corruption. If there is an invisible hand it is deliberate and attached at the elbow to our government, who conceals it from us for the advantage of more efficient thievery.
no objections
My favorite saying and I hope I am the first one saying this:
"The Free Market is imposed by force"
So, free market is when the government DECIDES to let it free and punishes most people who want to control it.
Force is mandatory to keep away people or insstitutions who try to control the market, in order to keep it free.
Force is used in repression. Revolution overthrows those shackles.
Truly free markets are as temporal as the individuals or organizarions, as Governments, which move toward repression.
Nothing is static. We live in a dynamic world.
If another organization, as railroad barons of the 19th Century, or Industrial Giants of the 20th Century, attempt repression, then they are met with resistance from other individuals or organizations. Freedom is obtained as the constant struggle for temporal control is continued.
Perhaps we have seen a Free Market and it is not as appealing as the Utopian dreamers will have us believe.
Perhaps we yearn for a controlled market of which we are the beneficiaries and readily will label that as somehow free...Of course that is evidential.
But the market exists and perhaps the truly free markets exist but we do not want to accept that for what it truly is..
hold on to your nuts and go to cash.
This whole mess is starting to feel like an engine with no governor that's in the midst of tearing itself apart. It's just a question of which market breaks first and causes the cascade at this point.
I wonder what the over/under odds are for making it to 2016 without a Lehman-class event.
I hope you're right, seek. We know it's coming. I just want to be able to say "Obama's fault" for the next 20 years.
if turkey has made a pivot to iran, then a crash probably isn't far off.
Look at the convergence of the 100-200 sma-gmt+2 & 20-50 sma-gmt+2 convergence. spot H-4 chart.
GMT+2 is the spot F/X close in N.Y, N.Y. @ 5:00 p.m. Does anyone know WHY most traders prefer these charting timeframes?
I don't do currencies, but I'm guessing this somehow involves the Fed's presence or lack thereof?
I love it when Yen speaks Chart Porn.
The $usd is overbought. I'm not a betting man, but I'll bet the sell side is banking on a decent employment number Friday.
They'll soften the $usd over the next 24 hours, to take out the weak longs.
My last trade was a hanging bison carcass for a log truck load of firewood.
No chart required.
hey roger, is there an ETF for that I can use in my IRA?
Try BISN or CRCS.
No ETF but dirivitives are traded daily
Most traders prefer these charting timeframes because they like them better than the other charting timeframes. Glad to have helped.
It has nothing to do with the devaluation of currencies! MOVE ALONG!
Looks sustainable.
It can be sustainable till Jesus Christ shows up for a second time and I am not joking at all
The idea that the government cannot control the market is libertarian utopia.
The gov can always and and at anytime control the market, if it wishes to.
There are plenty of negative consequences and zero positive consequences of that, but thus far that is what has happened
or it could blow to hell tomorrow. That's what makes it all so exciting! Like playing with matching in a fireworks factory. what could go wrong?
We only have to question how long the delusion can last and that is a tough one for most of us here as we lost ours long ago and can hardly imagine how anyone else maintains theirs at all. Delusion may prove the only insulation from complete madness in the end.
Just because I'm paranoid doesn't mean the whole thing ain't going to blow all to hell!!
Precisely.
Think about it.
North Korea can never run out of its currency, doesn't care about its interest rates. But they are starving.
So, there is current proof, financial markets can never collapse. It leads to economic collapse, but as far as traders and academics are concerned, there is no connection between economics and finance.
So, yes, it will go to hell because world will call congress and give ultimatum: Either send it to hell or world stops using USD for REAL TRADE.
Then it will be sent ot hell, which I think is scheduled for this year.
Greece is not paying 457 mio. Euros to IMF tomorrow
Immediate default is coming.
Greece is fucked and it will spread quickly.
Someones a little over stimulated.
Hard to ride that wave.
... and it's gone.
Followed by all the real estate that was leveraged to buy on margin.
https://youtu.be/-DT7bX-B1Mg
We hyperinflated some folks
according to finance.yahoo.com
Chinese stocks listed in Hong Kong raced higher on heavy volume Thursday on the back of a move by regulators there to allow Chinese mutual funds to invest in Hong Kong shares.
Purrspective?
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Nice try ... I make $7,000 per day ... and this is what I do ... BTFD
(/sarc)
Performing threesomes on MLK Blvd is no way to make a living sweetheart
Would The Fed, during a time of economic war, print $, then, via a proxy, buy this market on purpose to bid it up, just to then sell all at once, to destabilize them? Could algos do it?
Can they do it to us?
Just askin'.
economic warfare is an interesting idea, but leaves a lot of footprints. clancy wrote such up pretty well in "debt of honor".
can it be done? a better question is how could you stop it?
in·scru·ta·ble
I'm in hopes of a clear 100% Meltdown that starts next Monday and dominoes globally for 5 solid fun-filled days of TV Shock & Awe
not monday....i'll be deep in canyon country and unable to trade my puts. can it wait till wednesday?
Looks like the same trajectory the challenger took.
Marc Faber thinks someone else controls the FED and tell them what to do
http://www.kitco.com/news/video/show/On-The-Spot/958/2015-04-07/The-Fed-...
Of course we all know the Federal Reserve is bluffing about raising rates.
Why more KY?!!!!! I want diareehea!
Been following since 2008. Just got my account registered. With my username this article seemed appropriate for a first post. Now let's fight!
I want to give ya sumtin, I knows ya came to fight, your first night and all.
I wanna pick on ya, I really do...
Can't do it...
Lurking is #5 on the normal psychotic clue list.
Lurking is #27 on the psychopath clue list.
Wouldn't be surprised to learn that the Chinese rumormill is full of a possible Chinese QE coming down the pike. Aside from gambling and malinvestment, there is something else fuelling this tsunami of stock buying.
Are the Chinese about to revaluate the Yuan or ramping up the presses? Are they printing money in every official's basement?
What gives?
They are preparing to back the Yuan with gold and crush all of the "funny money" in the world.
Chinese flash paper.
is it too late for me to get in on this? /s
buy the fucking d......oh wait, its got to be in there somewhere...where the hell is the dip?
Turn it upside down.
How exactly is it a bubble when even 27,000 on the Hang Seng is less than the 30,000 peak reached 7-8 years ago? The sheer absurdity of it, 7-8 years of money printing later, and people dare to call merely the spectre of a partial return to highs of 7-8 years prior a 'bubble'.
Still a long road left to that mountaintop!
Topped out at 31k last time. Well at this pace it will take 2 days woha =)
"...a crash in China may well be the catalyst that take out the unprecedented global central bank liquidity bubble which has been reflating in virtually a straight line since 2008."
There WILL be a crash somewhere, sometime...
Where?
When?
Who knows.
What matters, it seems to me, is what will happen when it does.
The world has never been in this predicament before; even the nastiest stretches of the world wars and those of the Cold War weren't fraught with this kind of uncertainty. Most of the rest of the world wasn't involved, nor were most of its people ever seriously threatened by the effects of those conflicts. No one bombed or threatened to nuke New Zealand or Zimbabwe (then Rhodesia) or Peru, for example.
So, even though many of these places were third world states, and not powerhouses of economic clout, they were left pretty much in tact, and as such, were not places in need of emergency postwar aid, as was Europe or Japan.
The peacekeeping and restorative work needed in those war-torn places, while monumental for the time, were small potatoes compared with what a modern globe, sent spinning from a first-of-it's-kind economic hurricane, would face.
To stress the point: the world has NEVER been through what's coming, and may be so permanently disfigured by the shock, that chronic chaos is all that remains for a very, very long time after.
We just don't know.
What history seems to tell us though, is that when relatively smaller decents into economic collapse occur (think Weimar Germany post WWI), it is not uncommon for megalomaniacal mental cases to suddenly appear.
Adolf Hitler would never have risen to his power, as an infamous example, without the economic crisis of his time. He was powered by it, and seized the opportunity to inflame already deeply-seated resentments against Germany's foes (and victors) of the Great War of only a few years earlier. He successfully capitalized on the misery that war created.
People listened to--AND followed him--precisely because retaliatory resentment already hung in the air like a thick fog. He rode the distress like a surfboard, and ended up plunging a significant slice of the world into a hell far, far worse than the domestic bitterness he leveraged.
We would do well to remember that period, and seek to be intensely watchful for another like him.
We face a much more significant period of economic calamity just ahead, and creatures like Hitler, feed on the public's fear and angst like a vampire.
The capacity for evil thrives on human misery and deep resentment.
m
A little more targeted approach by Hitler, and we could have avoided all this mess over the last 7 years. No Dick Fuld, Blankfein, Summers, Rubin, Greenspan, Yellen, Bernanke, Goldman Sucks, Lehman, Merrill Lynch, AIG, Gensler, Lew, Geithner, Orszag, and hunnerts of other Jews that have taken over the global finance system to the detriment of 7 billion people.
Hitlery