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Chinese Stocks Are Still Crashing

Tyler Durden's picture




 

While the Chinese are long to bed, futures continue to trade on their exuberant stock market... and it's going south in a hurry. As we noted earlier, the catalyst appears to be a regulatory decision to increase the number of 'shortable' securities (and follow-through from PBOC's day prior demands of brokers to monitor margin trading). Both of these actions were taken as 'signals' that policymakers may be getting nervous about the ebullient wealth creation... Chinese stock futures are now down almost 7% - the 2nd biggest drop in 7 years.

 

 

It appears the 4% rally post-crappy-GDP print was a little too far too fast..

 

This seemed to sum things up rather well...

 

Source: Nanex LLC

 

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Fri, 04/17/2015 - 09:30 | 6002627 EverythingEviL
EverythingEviL's picture

OH SHIT

Fri, 04/17/2015 - 09:31 | 6002634 GetZeeGold
GetZeeGold's picture

 

 

Flee to the ghost cities!!!

Fri, 04/17/2015 - 09:35 | 6002650 kliguy38
kliguy38's picture

Cramer said BUY BUY BUY

Fri, 04/17/2015 - 09:36 | 6002657 Haus-Targaryen
Haus-Targaryen's picture

I hate that guy. 

Fri, 04/17/2015 - 09:38 | 6002665 GetZeeGold
GetZeeGold's picture

 

 

Cool thing about being a cult leader.....is that there's always someone there that will still love you.

Fri, 04/17/2015 - 09:40 | 6002671 NoDebt
NoDebt's picture

7% on the Dow would be almost 1300 points.

Imagine the Dow at "only" 16,700.  The horror!

 

Fri, 04/17/2015 - 09:43 | 6002682 BringOnTheAsteroid
BringOnTheAsteroid's picture

TPTB in China want to maximise their profits by increasing short sale share list. They ain't stupid.

Fri, 04/17/2015 - 10:07 | 6002757 PartysOver
PartysOver's picture

When the unsophisticated House Spouse stock trader in China was drawn in the rug was yanked.   Seems to be a world wide phenomenon.

Fri, 04/17/2015 - 10:06 | 6002763 max2205
max2205's picture

Must be nice to trade in real markets

 

Miss that.

Fri, 04/17/2015 - 10:11 | 6002784 847328_3527
847328_3527's picture

Stawk market crashes make my head hurt.

 

R.I.P. stawk owners. Housing market crash not far away there.

Fri, 04/17/2015 - 10:23 | 6002843 max2205
max2205's picture

Must be nice to trade in real markets

 

Miss that.

Fri, 04/17/2015 - 09:40 | 6002674 y3maxx
y3maxx's picture

...Send in Arnold Schwarzenegger...he's currently in Greece, helping them out.
They could use him in Hong Kong next.

Fri, 04/17/2015 - 09:43 | 6002679 NoDebt
NoDebt's picture

"2nd biggest drop in 7 years"

Wait... did we miss an opportunity to say Since LehmanTM here??

Fri, 04/17/2015 - 09:59 | 6002742 Sages wife
Sages wife's picture

Since Raymond.

Fri, 04/17/2015 - 09:43 | 6002668 y3maxx
y3maxx's picture

Me no buy stockee shares now...Peeper gonna roose rots of kash.

Fri, 04/17/2015 - 10:23 | 6002838 JRobby
JRobby's picture

Euthanize Cramer

China tightening margin rules? Clipping the big players at the knees.

See how widespread the sickness is in our bankster / gambler culture? Destructive.

Crash

Fri, 04/17/2015 - 09:39 | 6002661 ukspreads
ukspreads's picture

the 2nd biggest drop in 7 years. What and after how much of a rise in less than a week?.... It's called a pullback folks and until there is a bear market (20% from peak) BTFD

Fri, 04/17/2015 - 10:26 | 6002852 JRobby
JRobby's picture

Agree with the "historical measurements". New world today though.

No one expects the Plunge Protection Team (or the Spanish Inquisition)

Fri, 04/17/2015 - 11:07 | 6002992 lakecity55
lakecity55's picture

I'm sorry Mr wong, we have no liquidity to fulfill your stock sale.

Fri, 04/17/2015 - 12:21 | 6003258 ukspreads
ukspreads's picture

You missed his point, PPT and Central Banks are and have been throughout providing all the liquidity

Fri, 04/17/2015 - 09:34 | 6002646 silver_stacker
silver_stacker's picture

Chinese Stocks Are Still Crashing...

You mean they are falling back down to reality from their massively overinflated prices?

Fri, 04/17/2015 - 09:43 | 6002683 Rainman
Rainman's picture

smells like crude oil .

Fri, 04/17/2015 - 10:29 | 6002861 JRobby
JRobby's picture

If you allow massive margin / leverage, you will have stupid valuations

If you allow everyone to have a mortgage, you will have stupid valuations

If you finance every M&A deal no matter the merits, you will have stupid valuations

etc. etc.

Fri, 04/17/2015 - 11:37 | 6003091 stocktivity
stocktivity's picture

Right. It's been up 10% in the last couple weeks or so.

Fri, 04/17/2015 - 11:07 | 6002993 slaughterer
slaughterer's picture

China H-Shares have another 15-20% to pliunge.

Fri, 04/17/2015 - 09:31 | 6002632 Catullus
Catullus's picture

Everyone got nervous when they allowed selling.

Fri, 04/17/2015 - 09:31 | 6002637 venturen
venturen's picture

another 75% should do it

Fri, 04/17/2015 - 09:33 | 6002643 Leveraged Algorithm
Leveraged Algorithm's picture

Hey Tylers - get rid of the Pop Up adds........!!!

Fri, 04/17/2015 - 09:35 | 6002654 CHC
CHC's picture

I have Firefox as my browser and have a Mozilla add-on called AdBlock Plus (free).  No pop ups & cuts WAY down on all ads. 

Fri, 04/17/2015 - 10:08 | 6002771 Leveraged Algorithm
Leveraged Algorithm's picture

Not made for Apple mobile devices - ZH becomes unusable.  If you are going to use pop-up adds at least lock my devices with big tits and a dating service.

Fri, 04/17/2015 - 10:13 | 6002793 Arnold
Arnold's picture

That's a good thing.

Applecart fanboys tend to be contrarian on some topics.

Fri, 04/17/2015 - 09:36 | 6002655 NoDebt
NoDebt's picture

AdBlock Plus.  You'll thank me for it.  ZH is basically unusable without it.

Fri, 04/17/2015 - 09:45 | 6002669 GetZeeGold
GetZeeGold's picture

 

 

Damn it.....how many times do we have to say this.

 

Public service announcement.......shut the F up and listen.

 

AdBlock Plus......learn it. love it. live it.

 

It's free.....just like EBTs.

Fri, 04/17/2015 - 09:46 | 6002694 CarpetShag
CarpetShag's picture

The cited adblockers work great on PCs but may not work on mobile devices, especially when in mobile data mode and not connected to Wifi. Many adblockers on mobiles connect the device to a proxy server which can potentially monitor all of your internet activity.

 

Fri, 04/17/2015 - 09:53 | 6002723 NoDebt
NoDebt's picture

ZH is basically unusable on a mobile device.  And you're right, there is no Android/Apple version of AdBlock Plus that I'm aware of.

To be honest, you should really be seated in a comfortable chair and stationary when you view ZH anyway.  There's at least one article up at any given time that would make you want to drive off a bridge.

Monitoring internet activity???  Dude, that reality has been faced and accepted no later than 2 years ago with the Snowden revelations.  ALL internet activity is monitored at all times.  Period.  Get used to it.

Fri, 04/17/2015 - 10:03 | 6002752 GetZeeGold
GetZeeGold's picture

 

 

not work on mobile devices

 

Invest in a laptop.....you'll thank yourself.....and we have won't have to hear you bitch anymore.

 

Win - win.

Fri, 04/17/2015 - 12:49 | 6003027 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Problem with adblock is the underlying scripts still run and those track you still, especially things like google analytics. You need to run the noscript addon also. If you have adobe flash installed you also need some sort of LSO (flash cookie) remover also. Better Privacy is a good firefox one for that. You also want a weblink redirect cleaner plugin installed.

Another issue is a thing called browser fingerprinting

http://www.idcloak.com/learning-center/noscript-chrome-noscript-firefox-...

You also want to obscure your user agent settings i.e. what os, web browser firefox reports when websites ask for it.

Good site to see what your web browser reports to websites

http://ipleak.net/

https://addons.mozilla.org/en-US/firefox/addon/user-agent-switcher-firef...

That is a good basic one for switching it up when you visit sites you don't want ad trackers to be able to correlate the web browser with you. Just use some common sense and don't use a mobile like an android agent string when browsing using dual monitors from your computer since the screen resolution and monitor size are also tracked. Javascript if enabled will also give you away if enabled since it reports the platform type, i.e. win32, win64, etc. So if you have javascript enabled match the agent string to platform type.

That brings a third protection up, don't browse using your web browser in full screen mode.

http://www.w3schools.com/browsers/browsers_display.asp

http://www.zachstronaut.com/posts/2009/02/02/analytics-browser-window-si...

https://developers.google.com/analytics/devguides/collection/analyticsjs...

Last but not least is browser plugins, if you have any obscure ones, might want to disable them since that is used also to correlate your web browser to you for ad purposes.

That should pretty much block all ad tracking on this website sans ip address obfuscation like using tor or a vpn for example.

Fri, 04/17/2015 - 13:22 | 6003410 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

More on browsing fingerprinting since they are used as a form of global identifiers and in essence type of cookie that can be used for advertising purposes, i.e. the more unique the more likely it is you.

This is a good site to check your uniqueness

https://panopticlick.eff.org/

and paper explaining this in depth.

https://panopticlick.eff.org/browser-uniqueness.pdf

Another is problem is super cookies, browsers that use DOM (Document Object Model) storage are susceptible to supercookies, not just mobile phones and providers, AT&T being the one first reported on.

You should disable DOM storage also as precaution this website explains how to do it for firefox and internet explorer.

http://www.sevenforums.com/tutorials/106540-dom-storage-cookies-enable-d...

Few other ones to be aware of are something called turbo cookies, microsoft silverlight is an example.

http://www.brighthub.com/computing/smb-security/articles/59530.aspx

Then if the browser is html5 capable then check for html5 databases that might be installed.

For firefox specifically it uses by default location aware browsing giving up geolocation information by default.

This is how you disable it.
https://www.mozilla.org/en-US/firefox/geolocation/

Fri, 04/17/2015 - 17:29 | 6004478 nailgunnin4you
nailgunnin4you's picture

Dude, that reality has been faced and accepted no later than 2 years ago with the Snowden revelations.  ALL internet activity is monitored at all times.  Period.  Get used to it.

 

Happened on muslimgay obamas watch!!

Fri, 04/17/2015 - 10:05 | 6002762 NoDebt
NoDebt's picture

Oooooo.... sweet.  And it's so shiny and new!

Fri, 04/17/2015 - 10:15 | 6002778 NoDebt
NoDebt's picture

Looks like you can't get it on Google Play, but you can download it from their website.  Gotta turn on (or is it off?) the setting that allows installations from unknown sources (anything that isn't from the Google Play Store).

Working on it right now....

Fri, 04/17/2015 - 10:03 | 6002749 Kirk2NCC1701
Kirk2NCC1701's picture

Use Ghostery add-on.  Works fine for my droid.

Fri, 04/17/2015 - 10:15 | 6002808 BrokusDickusMaximus
BrokusDickusMaximus's picture

No ads on my BlackBerry but, I'm on a lot of lists. They want me to enjoy the webs so they can see where I go.

 

Tightened tin foil hat: check

Blinds drawn: check

Cats are giving me funny looks now.

Fri, 04/17/2015 - 17:30 | 6004483 nailgunnin4you
nailgunnin4you's picture

Elec tape over cameras/webcams: check.

Fri, 04/17/2015 - 09:35 | 6002651 LawsofPhysics
LawsofPhysics's picture

Let me know when they "crash" to zero.

yawn...

Fri, 04/17/2015 - 09:40 | 6002673 negative rates
negative rates's picture

You know they have millions of those things over there, and some of them have yet to wake up, it would be a very long time to zero, if they had the time, or could buy it.

Fri, 04/17/2015 - 09:36 | 6002656 Seasmoke
Seasmoke's picture

So still up , since April 14 ???

Fri, 04/17/2015 - 09:41 | 6002675 negative rates
negative rates's picture

Still up since June 14th, of last year.

Fri, 04/17/2015 - 09:45 | 6002690 Stormtrooper
Stormtrooper's picture

Great opportunity for the Chinese to learn how toBTFD!

Fri, 04/17/2015 - 09:58 | 6002741 venturen
venturen's picture

this year...yep it is that crazy!

Fri, 04/17/2015 - 09:44 | 6002687 laomei
laomei's picture

what stocks you looking at?  Cus i'm up again today

Fri, 04/17/2015 - 09:46 | 6002698 miker
miker's picture

So sorry; no shorre stok

Fri, 04/17/2015 - 09:46 | 6002700 q99x2
q99x2's picture

BTFD but not today.

Fri, 04/17/2015 - 09:48 | 6002704 praps
praps's picture

Hu Phlung Dung

Fri, 04/17/2015 - 09:53 | 6002724 firstdivision
firstdivision's picture

Short squeeze in 3...2...

Fri, 04/17/2015 - 09:57 | 6002735 SoDamnMad
SoDamnMad's picture

All the little people who bought in the stock frenzy in the last 6 months with money from the rice jar are going to lose it all. There are going to be a lot (in China that is putting it mildly) of really pissed off people.

Fri, 04/17/2015 - 10:07 | 6002768 nakki
nakki's picture

“Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery,” he said. 

Stanley Druckenmiller with a 7% haircut in two days. Good to know even the billionaires get it wrong sometimes.

That's what happens when you add short sales overnight. Bet a lot of gamblers in China aren't to happy with that move. Then again the oligarchy fleecing the public by changing the rules is what its all about.

Fri, 04/17/2015 - 10:18 | 6002818 falak pema
falak pema's picture

what the world needs is a DEEP financial reform in the banking sector.

Here is the ONLY true reformer defending this agenda in that Senate, corrupt spectacle of the bonfire of vanities who would have all dissidents to status quo considered as potential terrorists : 

http://www.nakedcapitalism.com/2015/04/elizabeth-warren-throws-down-gaun...

Fri, 04/17/2015 - 10:29 | 6002869 Bunga Bunga
Bunga Bunga's picture

Rehman Blos?

Fri, 04/17/2015 - 10:34 | 6002877 thunderchief
thunderchief's picture

Many Chinese will wake up on Monday and learn a new term in beginning investing and trading...

MARGIN CALL!

Fri, 04/17/2015 - 10:52 | 6002940 taketheredpill
taketheredpill's picture

 

"I've never seen (insert market here) under-perform in my entire career".

 

"How long have you been doing this?"

 

"5 years"

 

Classic.  They call them "seasoned" traders/managers for a reason.  At some point they get all get toasted.

 

 

Fri, 04/17/2015 - 11:02 | 6002974 Yen Cross
Yen Cross's picture

     I can't wait to see pictures of the Chinese serfs eating eachother over the weekend.

Fri, 04/17/2015 - 11:04 | 6002983 lakecity55
lakecity55's picture

Impaled upon the White House spikes, they are.

Fri, 04/17/2015 - 11:37 | 6003087 CNBCrap
CNBCrap's picture

I'm sure he hates you too.

Fri, 04/17/2015 - 11:40 | 6003107 kumquatsunite
kumquatsunite's picture

So given all the property and biz the chinese now own in the US...what happens here? Chinese are fifty percent in San Francisco and 30% in Bellevue, Washington. 

Fri, 04/17/2015 - 12:03 | 6003182 Yen Cross
Yen Cross's picture

  No worries, the Japs owned Hawaii, 1/2 of Manhattan, and most of Southern California in the 80's -early 90's and that didn't work out too well for them, when the R/E markets crashed.

Fri, 04/17/2015 - 12:18 | 6003238 walküre
walküre's picture

hopefully they will liquidate to raise cash and ordinary people who are not mortgaged up to their eyeballs can buy a place on Lake Washington...

Fri, 04/17/2015 - 13:18 | 6003457 Weaponized Innocense
Weaponized Innocense's picture

Okay went ahead and nibbled on yang. It was in a low of the day and higher that most this week but still cheap. I am sure it will probably go lower and if so then I can nibble again. I just didn't want it to get away in me and I only have 50 shares. I don't have a lot of extra spare cash right now.
Im cool if it is not the bottom and I can nibble as it drops hopefully to a dollar a share.... Greedy me! But hey if not I have a little protection to make some cash on the ride down the parabola.

Fri, 04/17/2015 - 13:19 | 6003462 Weaponized Innocense
Weaponized Innocense's picture

I guess u could say I didn't really get my yang on but I at least nibbled as insurance.

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