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Chinese Stocks Are Still Crashing
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...
"I've never seen a drop in markets like this in my entire career" -17 year old hedge fund managers everywhere
— Stalingrad & Poorski (@Stalingrad_Poor) April 17, 2015
Source: Nanex LLC
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OH SHIT
Flee to the ghost cities!!!
Cramer said BUY BUY BUY
I hate that guy.
Cool thing about being a cult leader.....is that there's always someone there that will still love you.
7% on the Dow would be almost 1300 points.
Imagine the Dow at "only" 16,700. The horror!
TPTB in China want to maximise their profits by increasing short sale share list. They ain't stupid.
When the unsophisticated House Spouse stock trader in China was drawn in the rug was yanked. Seems to be a world wide phenomenon.
Must be nice to trade in real markets
Miss that.
Stawk market crashes make my head hurt.
R.I.P. stawk owners. Housing market crash not far away there.
Must be nice to trade in real markets
Miss that.
...Send in Arnold Schwarzenegger...he's currently in Greece, helping them out.
They could use him in Hong Kong next.
"2nd biggest drop in 7 years"
Wait... did we miss an opportunity to say Since LehmanTM here??
Since Raymond.
Me no buy stockee shares now...Peeper gonna roose rots of kash.
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
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
Agree with the "historical measurements". New world today though.
No one expects the Plunge Protection Team (or the Spanish Inquisition)
I'm sorry Mr wong, we have no liquidity to fulfill your stock sale.
You missed his point, PPT and Central Banks are and have been throughout providing all the liquidity
Chinese Stocks Are Still Crashing...
You mean they are falling back down to reality from their massively overinflated prices?
smells like crude oil .
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.
Right. It's been up 10% in the last couple weeks or so.
China H-Shares have another 15-20% to pliunge.
Everyone got nervous when they allowed selling.
another 75% should do it
Hey Tylers - get rid of the Pop Up adds........!!!
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.
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.
That's a good thing.
Applecart fanboys tend to be contrarian on some topics.
AdBlock Plus. You'll thank me for it. ZH is basically unusable without it.
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.
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.
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.
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.
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.
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/
Happened on muslimgay obamas watch!!
https://adblockplus.org/en/android-install
Oooooo.... sweet. And it's so shiny and new!
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....
Use Ghostery add-on. Works fine for my droid.
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.
Elec tape over cameras/webcams: check.
Let me know when they "crash" to zero.
yawn...
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.
So still up , since April 14 ???
Still up since June 14th, of last year.
Great opportunity for the Chinese to learn how toBTFD!
this year...yep it is that crazy!
what stocks you looking at? Cus i'm up again today
So sorry; no shorre stok
BTFD but not today.
Hu Phlung Dung
Short squeeze in 3...2...
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.
“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.
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...
Rehman Blos?
Many Chinese will wake up on Monday and learn a new term in beginning investing and trading...
MARGIN CALL!
"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.
I can't wait to see pictures of the Chinese serfs eating eachother over the weekend.
Impaled upon the White House spikes, they are.
I'm sure he hates you too.
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.
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.
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...
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.
I guess u could say I didn't really get my yang on but I at least nibbled as insurance.