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Chinese Stocks Pump'n'Dump After RRR Cut, Retrace Friday's Crash
After crashing 6-7% on Friday (depending on which Chinese stock index you prefer) - all after the cash markets closed in China - thanks to today's major RRR cut, China stock futures are up 7% from Friday's US session close. However, while futures have recovered all those losses, the Shanghai Composite cash index is trading modestly lower from its Friday cash close levels (we suspect a little disappointingly to some) after recovering the entire loss from post-China-close Friday.
Futures ripped back...
Just looking at the cash Shanghai Composite index - you'd never know it crashed... but it's fading back lower again now...
We suspect this is not the exuberance many had expected...
Charts: Bloomberg
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Millimeter warrior for a million, Alex
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Ah yes, the google scam ...
but how did you get a texting machine into your jail cell, you moron ?
Just stop posting this fetid shit - Tyler, Marla - Help - I'd much rather see RobotTrader (or someone like him) back with pictures of half-nekkid wimmens !
really. this is the infraction that should result in revocation every time, first offense, no exceptions.
exuberance, real-ly? Who would have expected...
with them trusting "umbrellas"
Where is the prunge protection team?
This is it.
I spent 6 1/2 hours with the wise men today. They are 100% liquid, as in all cash.
These are the same people who nailed the timing on the both the 2000 and 2008 meltdowns within 4 to 6 months.
They have said consumers and businesses have relevered up on debt despite actual, economic fundamentals deteriorating at a faster clip YoY now than in either 1999-2000 or 2007-2008, and that the bubbles are pervasive in stocks, bonds & other asset classes, with simultaneous bubbles in stocks AND bonds never having been seen before, and that the BRICs & PIIGS are about to be hammered unlike anything seen before (China faces a literal depression), Australia & Canada as feeder countries will contract at the fastest clip in 40 years, and Japan, France, the U.K., U.S., Germany, South Korea are all falling back into recession.
Look at liquid vs illiquid assets and debt loads.
If you know insiders working at lenders (whether banks or otherwise), they'll tell you that loan requirements are tightening rapidly now.
I must be a fucking genius then having been in cash most of my adult life :)
Did the wise men predict how it would come apart?
Besides, slowly at first, and then all at once
fed does a volcker........? victims have to run to the IMF like last time. IMF binds them forever.
there's ample reason to suggest the Fed is going to raise rates faster and much more aggressive than the "man on the street" believes
it is the general complacency and the conviction that "rates can never go up" that very likely means the opposite will happen
negative interest is not in the cards here so.... rates will go up and as inflation is showing up everywhere because demand is crap but costs need to be paid, the Fed is once again behind the curve ball.
sharp rate increases. nobody saw it coming, just like nobody saw the oil price crash coming
This could very well be the case, however, one must look at a statement that "Mr." Yellen made in 2010, and this is directly from Reuters:
http://www.reuters.com/article/2010/02/22/usa-fed-yellen-idUSN2222725320...
She has already shown her hand. Much like when M3 was discontinued in 2006.
she cant because so much cash is around. If we were all electronic, no problem going negatiive.
Where do the wise men store hundreds of thousands in cash? Private Swiss banks? Honest question
cashiers checks. diamonds, some cash.
what about kilo bars?
well, how about buying at the gold bottom? which I dont think we have hit yet. short term treasuries so you can invest when commodities hit botttom and some expect to buy bonds when another volcker high interest rates hit. lots of things to buy when bottoms hit all over, buildings, land, businesses, homes, stuff. Stocks, Money is pulled out to go back in at bottom.
I too am good at picking tops and bottoms .... Been that ways since a kid.
I also agree..... so does the predictive bot... Says that economic maps of the US will go from being colored showing red hot and blue cool colors to a total economic fog. And that different places will have different issues if u are one of those peeps traveling around to see it.
Says things will be different after this but like Kali a new birth will come from the destruction and it will be better afterwards all the disaster has past.
It's never seen the economic fog before...
Chinese haven't fully implemented their circuit breakers yet like the U.S. did. The copycats probably soon will.
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I'm no Chinese stock expert, but this may be a bit volatile...
Who in their right mind is buying renminbi here?
I will admit a free trade agreement with the TPP should cause a great reaching for actual TP once the deflation blows the entire State of California away.
wonder how many novice stock buyers got margin calls Fri?