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Chinese Stocks Surge After Lowest Manufacturing PMI In A Year
Great News, the Chinese manufacturing economy is contracting at its fastest pace in a year... at least that is the reaction in the Shanghai Composite. After selling off from the open, when HSBC China Manufacturing PMI printed a considerably worse than expected 49.2 - the lowest since April 2014 - stocks took off, energized the future easing expectations that are assured to come from a PBOC now hell-bent on providing speculative tools for any- and every-one just to keep the populace from revolting.
PMI prints the lowest in a year...
Not very pretty under the hood either...
With employment now in contraction for almost 3 years and deflationary pressures evident in input and output prices (both driven by stronger Yuan and over-capacity thans to easy money mal-investment)
And Stocks take off...
Welcome to the new normal China.
Charts: Bloomberg
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If you have to ask, you're not in the club.
An engineer, a chemist, and an economist are marooned on a desert island. They start to brainstorm a way off the island.
The engineer says, “we can lash together some branches and make a crude raft and try to make our way back to land somehow.”
The chemist says, “with the right materials we could build a really smokey fire and try to signal a plane.”
The economist says, “okay let’s assume we have a boat…”
Buy all the things, faster.
So China has a Plunge Protection Team. They are following the lead of the US and everyone else. They'll print themselves out of trouble. Nah, it never works, and someone will have to pay the bill. In the end, it'll be the muppets that do.
Oh, yeah, give me that monetary stimulus, baby. Yeah. Right there. Don't stop.
Take off your Reserve Requirement Ratio. Oh, that's so hot.
Drop that interest rate right onto the floor. Yeah, that's right. Keep going.
Now let's roll around in the money while we do it.
Oh, God, this is the hottest thing I've ever done.
(I've never actually done this, but that's about how I imagine it goes.)
When the day is done, and you want to run
QE
If you got bad news, you want to kick the blues
QE
She don't lie she don't lie she don't lie
QE
If you want to get down, down on the ground
QE
Don't forget this fact, you can't get it back
QE
She don't lie.....
Contraction stimulus chasing a porabola.
If it feels good, do it.
Pretty effin funny. I'll say one thing, traders pay attention to Z/H posters.
Keep knitting those sweaters, Chinese pension Grandmas.
" Instead of 'Knitting Needles', you should upgrade those CRT monitors.
For some reason EnergyStar and RoHS compliance haven't gone over real big in China yet.
Bunch of stupid old rice paddy biddies making a shit-ton of money when I'm glad just to outrun the return rate of a mid-80s savings account these days. I hate them, but only out of jealousy.
lol. It's amazing how the f/x crowd front ran the PBoC numbers. That was a HUGE miss, but somehow it's priced in? WTF?
It wasn't a miss. It was a direct hit. See my post about monetary stimulus, above.
The RRR stuff was priced last week. If you watched the charts , the buy side was wedged in all day long.
They couldn't take the stops out, because the charts were already oversold from the $usd buying overnight, due to the ponzi existing homes numbers, and the German ZEW miss(Draghi PUT) comments.
Whatever~ it's irrelevant now.
"You have questions?"
"Yes."
"And you probably want answers too."
"Yes. Yes I do."
"Not a problem...
Skewed numbers across the board don't cut it? Come on this is politics bending math in space and time! It's Kiki math!
I guess once u figure in be always afraid ..... Always be afraid until one should be...... Lol
Hey everyone there is a fire in this theatre ..... Let's hang out and watch the rest of the film it's only an hour and a half to the end!
Everything is bullish.
PMs are bearish... VERY bearish.
I can set the price at thirty five Buckys an ounce and not allow you to buy any n9 matter how much money you have "cuz we ain't got none."
I fail to see the problem ...
What was once used as money for thousands of years and is highly manipulated by central banks is bearish?
lol
You are so right. Fantastic news that China is having problems! And this Greece thing has me absolutely giddy!! Now all I need is that Jenner sex change op to go okay and I'm ALL IN!!!
Baltic index is having a organism on shipping fake shit noone plans on buying.
Is that more intense than an orgasm? Probably.
It's a combination of Michelle school meals, vegetarians against 420 cowpoking. That statement is a new politically correct index word. It was run thru a special Islamic group to make the word universal and unharmfull to all muppets of the world.
I hope you understand the prior humor.
Bonds yields have a mind of their own rising... Last I saw for the first time the entire yield wasn't up and we were back in beginning of the year.
The 2's Started sparking on up side as they started out this latest funk recently after the taper expectations fell though as they r still a market who is in the expectation timing....
The very first time I saw them freak this year was much earlier before the fx's started bouncing or just as they started at 40% day normal
I have a pic they went temper but ignored.... Couple echo waves later...
These spikes small comforted to then but bitchier
Remember that day ... after hours WTF just happened yields went crazy.
i took a picture.... I'm sure yall remember that first day this year those yields sparked up more spooky than a taper... Had a few echoes later ...
Sorry the fact I was typing fast and glitch s made one post into many...
Something woke up bis.. Biotech today on lows.... Had life on a day it wasn't suppose to... nibbles on lows or smart enough to look up and say hummmmm about the economy .... Oh yea school debt can do that
The steel sector is racking up high-interest short-term debt in order to repay long-term loans: Steel Collapse
Understand China's Stock Market in One PictureCheck out the 5 year chart on A shares:
http://stockcharts.com/h-sc/ui?s=%24SSEC&p=D&yr=5&mn=0&dy=0&id=p14705247951
Other than a few interesting headlines I haven't investigated I saw on Bloomberg ... Overnight after late night but not 4 am... Earlier than usual they were talking derivatives and richminds warning and how it came from the Swiss pegged assurance unpegged surprise..l to some clinton fucks happiness was that summers.... Anyway... Haven't since found shit online .... They also pretended they could almost wanna help the insurance industry but u know NIRP flat yield curve pushed out the risk curve economics since low yields have to be so fucked.... If the unwind ain't gonna be worse
"I will sell you a shovel for five bucks.
Its a very good shovel."
Land...five bucks an acre.
What's the problem here?
http://m.youtube.com/watch?v=v6fFPvsVhpo
Fuck off cunts, we have been telling you this. Arrogance leads to denial. Have a grande day at the kiddy park. Perhaps your ego can be deverted by raping or stealing a child for cheap labor. Your day of business is closing.
NSA paraded their halo today as if they ain't up my ass and those attacked by terror really have worries which is everyone (belligerently indirectly being w bully to defend back door open security) whose back door is open.... be afraid be very afraid all the time ticky tock click click boom.... Oops....
I guess even bait needs up close and personal reassurance like when not to be afraid when all shit breaks lose.
I have a special clock on the wall in Hilton Head Island. It always reminds me of White House bullshit.
The company is J. Lyons and Company Ltd. It always keeps me in synchronization in not repeating the same mistakes. Take that advice for what's it worth. The clock never loses time. It is directly part of
http://www.library.hbs.edu/hc/lehman/company.html?company=j_lyons_compan...
This particular clock is listed in Liverpool. Just a added feature on why I love this clock time piece. History prevails, governments fall.
So per capital connections cnbw
peeps in China dumping mainland A shares for the hong kong H shares as they can get the exact same thing for 28% less... Same companies etc....
did a little tech analysis tonight. just posting it here for a mark. this is the week it blows up, starting tomorrow.
would be great to see the analysis
proprietary info. lol. just a lot of correlations coming together. something dramatic is in store. it looks like a 2500 point correction but more like a spike over a coupla weeks with a flat bottom. like i said, i'm just posting a marker for my resume. lol
Besnok, I agree with you... Called the top on March 5th. Hasn't toped that since, and based on my price action analysis, this market scares me. Yesterday I thought to myself "enjoy the next couple of weeks, as they will be the last ones before your and everyone's life changes" best of luck to all of us.
Market closed flat for the midday break - need more bad news!!!!
biggest baddest fastest dead cat bounce evah
the fed and pboc don't want to be seen as the cause of the next crash so this bubble will be epic.
This is the big one Billy. [/Judge Smails]
How you say "everything awesome" in Mandarin?
How do you say "Timberrrrr" in Mandarin
China doesn't owe anyone money outside China.
Why shouldn't its stocks be flying.