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WTF Chart Of The Day - Chinese New Share Accounts Edition!!!!
We've all seen Chinese stocks explode in the last year; we've all seen margin lending soar to fund this exuberance; we've all read the dominant buyer in this trading frenzy is high-school-educated housewives; and we've all seen the analogs to the 2000 dotcom bubble. But, we guarentee you have never - ever - seen anything like this...
The number of new A-Share accounts opened just last week was a mind-boggling 3.25 million!!! That is double the number opened in the peak euphoria stage of the 2007 bubble...
This wil not end well...
and end it will - one way or another, tonight's rumor about a possible transaction tax (later denied by the CSRC) seems to have spooked more than a few...
Charts:Bloomberg
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I don't mind being a little early rather than wrong when it comes to crashes.
We're setting up for an epic global equity markets crash.
I hope what happened to silver when it hit $50 back in 2011 happens to the NASDAQ now that it has retraced back to it's peak. I'd laugh my ass off if NASDAQ dropped 600 points on Sunday evening, same percentage that silver did.
iza gonna getta me one of dem -0.00001 % interest loans and gona buy me some silva (or spend it all on woman and beer, what ever comes first)
they hired the fake alibaba sales making staff to make fake acccounts.
so alibaba and the 40 th... is real? no!
China could drop 50% and the DOW will still rally on Wayne
Stupid Fed
Chinese Housewives Gone Wild...
dup.
Why would the NASDAQ follow silver's path - chart line correlations?
Seems people are unaware of the fact that there are more than half a billion Chinese in a financial position to buy stocks.
3 million new accounts is fucking nothing.
Let me know when there are over 300 million new accounts opened and all in on stocks with full margin.
This is the beginning of the bubble not the end and certainly not the peak.
Exactly.
Agreed. Seems like the early stages of China transitioning toward a financial hub. Having said that, irrational exuberance is a bitch and nothing goes up in a straight line.
Could be that both ZH and you are correct here (timescale dependent) with a potential correction in the near-term, and a longer term stock market boom cycle.
Hard to call. Honestly I'm a little more bullish on commodities if we go more than 10 years into the future based on the Chinese mentality. That's not to say that stocks will be a bad play but, we will probably see the blow-off top in stock markets (as a supercycle which has been borne by the USA) pretty soon. Maybe even as early as 2019.
Agreed.
Further, previous peak on index was 6000+, and current value only around 4000.
So 50%+ to go...
Watson
Half a billion? Interesting! Still, three million shows something is up. Maybe they have nothing better to do with their little nest egg than gamble (an old Chinese vice.) Maybe the problem is they simply have no good options. Can't save enough to cover a possible medical emergency for instance - China has no social safety net. So they gamble to get enough. It's a sign of an economy that's badly out of balance any way you look at it.
--
And you would know this how? That there are 500,000,000 Chinese in a financial position to buy stocks?
We have HUGE percentages of Americans living paycheck to paycheck (that means unable to buy stocks) but the peons and peasants in China are all swimming in cash anxious to lay their bets?
The brokerages must have been running some sort of special, free rice cooker if you open a gambling account.
Accounts opened by the unwashed masses are insignificant compared to money from the big boys. Insignificant as in, not market moving.
no way 500 million are 'in a position to buy stocks'
Although you're right, this likely has awhile to go still; before an epic crash just as big (or bigger) than what's coming here in the West
The difference is: China has already been conquered and the people who would resist --- are already dead, long ago. Hopefully we still have a chance to fight against the Banksters here in the West, a small spark of liberty remains, but it's being squashed by the FSA
Epic? Yea, the word fits, seeing as how our grand kids will be talking about and studying this moment.
oh sure...the grandchildren will be studying margin accounts.
That's nice. On the other hand, there's "early"..... and waiting 6~7 years.... 10 years.... and in the mean time life goes on.
Timing is everything. THE SKY IS FALLING is not an investment strategy.
SUNSHINE AND LOOLIPOPS is not an investment strategy. Nor is it a saving strategy. Gold is raw savings.
Can't believe you got downvoted...
I am something of a permabear but even I would not have downvoted that.
Here's a big hint, too (Chinese authorities realize they need to prick Shanghai bubble):
http://portal.ransquawk.com/headlines/china-faces-large-economic-downwar...
I really wouldn't be surprised if the Chinese economy is contracting at 8% to 12% in real terms, versus the alleged near 7% expansion officially touted, with the contraction accelerating (look at vapor value added Chinese Casino Equity "Markets").
The implications are enormous. Neither 1999 or 2007 were nearly as bubbly as what we're now witnessing.
Thanks for the inflating ever larger bubbles monetary policy, central banks! Good luck on the soft landings!
I don't doubt it is contracting at a high rate. I just finished my Q1 2015 research (for a tech market I won't name, but China is a huge portion of it) and the parallels to the crash in Q3/Q4 '08 were spooky, overall volume declines, product mix shifts, it goes on and on, that stats are almost an exact repeat. We're seeing the same thing in other macro statistics.
We are right in the middle of the next collapse, and the few undoctored (and surprisingly larger portion of the Fed-juiced) statistics are showing it. It's just the market hasn't had the Wyle E. Coytote moment yet. Either it can't be far away, or the central banks of the world are about to step on the gas pedal hard.
There's always bubble market somewhere...
The problem is that the central bankers were hoping that the fundamental economy & aggregate demand would have been more structurally robust by now, and it's not -ironically due to their own, insane policies -
- and now they've blown massive, broad asset bubbles in stock markets, bond markets, other asset classes, and there's no way to engineer a soft landing.
Yeah, and since they can't engineer a soft landing, I think plan B is to engineer a plausible coverup.
WORLD WAR III
Table Flip Time! I'm betting alien invasion! More likely it'll be blamed on the scape goat that best suits their political agenda. i.e. "the 1%"... therefore we must re-write constitution with proper provisions for wealth distribution... and hand over sovereignty to the UN... and whatever else they want while they have the general public bent over and begging for a stiff one to solve all their problems. Thanks Government!
Nothing insane about it or them,Truth. I imagine at some point they will pull a switcheroo and crash stocks. Question is what will they push then? My guess is treasury bonds. They want all governments totally on the hook even more than they are already. What do they care about soft landings??? Hahahaha good one!
If they do smash on that pedal, it's not going to alleviate the problem. Petal has been to the metal, there is only one thing that does happen once you run that car in the red for too long.
I just finished MY Q1 2015 research and determined that the best allocation for my capital is in specific, soon to be in high demand, commodities.
Having sufficent investment already in precious metals, of the .45 and .30 cal variety, along with a modest amount of silver, my next major investments will be in cilvesa y tequila in multiple, small and defined quantities.
These will be used as 'pocket change' trade value while the silver will be used for major transactions.
Meanwhile I rid myself of cash by doubling payments to debt which ultimately leads me to be rid of debt.
Oddly, I expect my scheme will lower my credit score...if I ever gave a shit about it.
Everytime I buy Chinese (stocks), an hour later I want to buy some more.
You have never had hot pot?
Oh yeah - I've had LOTS of Hot Pot before.
That's classic!
Nasduck hit tech bubble barrier today...What that says to me is BUY BUY BUY! ....until you jump off a skyscraper when it crashes in a day because you can't SELL.
Me neither. 1 month, tops.
They're good at copying.
That looks like a bitcoin chart. I should be able to get an account. Let me have at it.
Will be amazing to watch and also to read about years from now. It will all seem so obvious at that point.
I've just had a look at the Chinese stock index. Not Good!
Looks like top is in place, and the trend line is going to be tested.
Helmet on!
Taking communism to a whole new level !
"Little Red Stock-Book...Little Red Stock-Book"....
3.25 million sounds like a lot of accounts. But when compared to a polulation of 1.3 billion people, is it really that dramatic? I am asking genuine question here, as I do not know. Maybe these type of figures should be analysed on a per capita basis, using the USSA as a benchmark.
It's the # of A Share Accounts opened in just the last 7 days.
For perspective, if that pace were to continue for slightly more than 3 months (3 months + 10 days), that'd be 50 million new A Share accounts opened.
That's a helluva lot of e*trade babries.
I didn't read the article properly.
Thanks for clearing that up.
What is the maximum potential supply of elementary educated Chinese punters..I mean educated investors?
Long > fortune cookies... Bitchez
It's almost time to add to my $usd short position.
I've been thinking about this 'phenomena'...
'Lots of little accounts' all buying up equities creates the illusion of mass exuberence.
-What if all of those little accounts are actually owned directly and/or indirectly by one entity -the Chinese Government/Central Bank?
-Isn't China still effectively a command and control economy managed primarily by 'State Enterprises'?
-Aren't all of the Trading Houses and Banks basically extensions of the State?
-Even in the US it is known that the Federal Government manages the markets via the President's Working group aka THe Plunge Protection Team...
It has even been posited here on Zero Hedge that The Treasury/The FED has been/is managing the equities markets higher via what could be considered 'State Sponsored Enterprises' as these Banks and/or Primary Dealers are chartered and managed by the Federal Government and The FED...
...managing the markets higher to 'create a wealth effect'...
IS CHINA CONDUCTING STEALTH QE & MARKET MANAGEMENT RIGHT IN FRONT OF OUR NOSES ???
'Lots of little accounts' sounds just like 'lots of clicks': the kind of thing that would be trivial for algos to generate and manage; -just like lots of phony site clicks generated by click farms and click bots...
yes. of course China is an active player in global financial markets. Is China blatant like the SNB & BoJ? (NO)
The PBoC makes it's manipulations public<> via the usd/cny trading band.
Japan holds more UST than China does, (as of last month) and Japan has the GDP and GROSS economy of 1:5 of China.
"yes. of course China is an active player in global financial markets. Is China blatant like the SNB & BoJ? (NO)
The PBoC makes it's manipulations public<> via the usd/cny trading band. "
"Wealth Effect."
I think they are in such a dire situation that they are going full bore with another borrowed/copied play.
I think China is conducting Stealth QE directly into the Equities Markets via a hackneyed PPT style unsterilized emission right into the equities markets to generate this crazy melt-up.
-It's so sudden and moving so fast that it doesn't make sense from a fundamentals perspective...
Watch: the Chinese Equities will continue to ramp insanely and market caps will become ginormous in terms of Yuan while actual spending/cap ex./consumption/etc. stagnates or worsens.
IF/WHEN they lose control the implosion will ripple through the global economy.
Everyone that jumps in will be rich on paper one minute and flash-crash-fried-wonton-crispy the next...
..China is generating a massive market ponzi -a giant pump and dump.
Money will get sucked in to buy insanely inflated valuations, and then -splat!- the money will in the hands of the Chinese and the suckers/muppets will be holding the bag.
...Just like fools that lent against phantom copper warehouse receipts.
The copper was 'valuable' so they lent against it. Then when the copper collapsed the money was long gone.
IMHO, this looks like a gigantic play on suckers chasing momentum...
...Momentum the Chinese are creating via the illusion of a robust rising middle class that has money to invest and to consume products and commodities that does not actually exist..
The PBOC lowered the RRR requirements across the board last week.
The mainland China <> Hong Kong trade is so overbought.
I agree in totality with your comments.
They can't raise interest rates and they don't want to drop the peg to the dollar.
-Money is starting to head for the exits.
THIS is the play to suck in capital: grab the momos.
The ALGOS are programmed to chase the false signals, so the more they ramp the more cash will pour in...
Dumb money will follow the trade 'bots right into the slaughterhouse.
When they pull the plug it might even total the Western Trading Desks, Hedgies that climb in; -possibly even crash the Derivatives Complex.
KABOOM!
This might prove to be more recklessly violent than any damage we've seen in the Currency Wars...
IF I'm right US treasuries will get bought in desperation and shove rates well into negative territory in a flight to panic.
-It will stop a blindsided FED from being able to raise rates...
I laugh when colleagues tell me that the machines are running trading cycles. ( Who programs the machines?)
Sure, a plane can land itself... It's got a pilot so it doesn't nosedive into the French Alps, when Autopilot goes(Japanese) berserk.
IF I am right... IF.
THAT might be the moment that China reveals that it has waaaay more Gold than anyone imagined.
They might use that moment to drop the Dollar Peg, and back the Yuan; -and leave everyone holding worthless shares while their currency shoots the Moon.
The US will be screwed as China is their manufacturer/supplier and the prices will skyrocket in Dollars...
They know the US and Europe can't ever pay off the Government Bonds that they are holding; but, they can grab that amount and more by sucking in the money via a giant equites pump and dump...
China has 3 $trillion in fx reserves. Holding Au(gold) is just a plus.
China needs FRN's to maintain trading parity with Japan & South Korea.
I can't wait to see the Chinese/Russian SWIFT alternative. That's a REAL game changer.
Chinese is experiencing the greatest capital flows out of the mainland minute history right now.
They're in a classic Catch-22 situation because if they levy capital controls, they risk signalling a crisis underway, and possibly accelerating capital flight, yet if they do nothing...
...well, they're going to have to print 2 to 3 yuan for every yuan that leaves, at minimum, and maybe twice that.
"...well, they're going to have to print 2 to 3 yuan for every yuan that leaves, at minimum, and maybe twice that. "
Right.
This is a play not just to hold capital -even suck more in.
PBOC prints and buys their own equities to ramp up their markets: create their own version of the classic FED 'wealth effect'.
Then they unload on foreigners at some point -and pull the plug or run the algos in reverse: crashing their own momo stocks..
THEN the gates come up: capital controls. AFTER the money is sucked in.
IF the Chinese markets continue to ramp and more accounts come on line...
China is experiencing capital outflows. That doesn't change the fact that China is global game changer.
China has it's tenticles in Africa &South America.
" China is experiencing capital outflows. "
Yes, and they desperately need to reverse that.
This might be one way to do it.
The question is whether or not they are printing and ramping in stealth, and what they intend to do if it works...
I think they are printing and buying, ramping their markets to suck in investors hungry for yield, for 'growth'.
Suckering in Western investment chasing 'wealth effect' is what I think is a larger possibility, and as far as end game vis-a-vis the West... ?
It would also make a lot more sense if Russia knows what the plan is.
Putin would love to be holding a fat energy contract denominated in Yuan and be cozily in bed with a new order that just happens to total fuck the Western markets after the NATO/US/Euro muscling and the sanctions bullshit imposed on Russia.
He could sit back and laugh at the turmoil since his nuts won't be in the fire.
Rest assured, the PBoC isn't printing.
How would you know?
How do we know if/when The FED isn't ramping the US markets and sucking in the algos?
How much is being bought on margin? Who is lending all that margin debt?
The PBoC is clamping down on leverage.
TIS, come on? I buy cheap art, and overpay for it.
I take vacation, collect art, and profits. Deposit procedes on old boat. ;-D
For the forum, I was being hypothetical.
China holds 1.2$trillion in bond reserves. I understand your plan, but you're WRONG.
Russia would be smart then to have gotten on board. The energy deal that looked so pitiful will be worth a fortune!
The BOJ is buying up Japanese Bonds from the pensions, and are forcing the Japanese pensions/pensioners into chasing yield in equities markets -and IF I am right and the Japanese take the bait of this trap and buy Chinese equities instead of Yuan; -they will get wiped out.
IF I am right the play is to be holding Yuan when the music stops. YUAN. Cash Yuan or a Yuan/Euro or Yuan/Aussie or Yuan/... -Not chinese equities.
ThroxxOfVron,
I hold a bit of gold, and would love to see it soar but China do not want a strong currency. They've spent the last decade ensuring it stays weak to boost their manufacturing sector.
A weak currency to boost exports, and growth, is every nations policy right now but its not working because every ones doing it.
They have massive manufacturing over capacity. They will either have to sell more and more cheap or raise their prices.
China is supposedly buying up Oil and Gold while the Western powers fight with OPEC keeping oil cheap and stomp Gold.
IMHO, they are very likely buying assets on sale and selling shares in phantoms enterprises; just like they sold phantom copper.
Opacity. -You couldn't see inside the warehouses.
Well, what's inside those companies that are ramping?
Restate earnings. Opps. -So sorry.
You bought on margin: in Yuan? Ok. Go buy Yuan that we just backed and revalued.
...& the US still needs Chinese manufactured goods...
Any way: just a theory...
"Rest assured, the PBoC isn't printing."
Just looking its balance of trade (net positive) and composition of China's economy should tell you China has to print currency or it will ensure that its economy contracts even faster.
IOW, export positive balance of trade nations such as China can not let their currency rise on a relative basis, period.
Question I have. Is there really personal wealth invested heavily by common folk and are the connected money folk about to dump them face down in shit. Of course that will be pretty to behold the government having to mop up all the defaults as the market implodes daily and didn't some post claim there was already 28 trillion in debt sloshing around. Guess what currency is about to drop through the crust of the earth. Yuan know it.
The algos are testing usd/jpy . The sell side wants a fill, and the buy side, wants a bid. I love it when currencies get the jitters.
I love price action~
usd/jpy looks like it's constipated, and wants to drop a load....
You know... you guys keep going on about a Chinese "bubble"... but I have a portfolio of A shares I've had since about 2008... and most of the shares are still well over 70% under water. I wish you were right... and all this ranting about a gynormous bubble and every taxi driver in Hong Kong opening up an account and blowing his money on shares... but it's all slightly overblown. Real estate speculation is still the biggest game in town, and PROPERTY is at all time highs... the Hang Seng still hasn't even come close to it's all time peak.
THE SKY IS FALLING THE SKY IS FALLING.... nope. Not yet. I've said it before I'll say it again.... between now and Armaggedon I still have to pay the rent. Aside from screaming THE SKY IS FALLING... I'm not seeing any tremors that indicate an earth-shattering paradigm shift just yet... but I'm liking silver at these prices, just eyeballing gold to see if it's going to finalize the pullback with a drop to $1000... otherwise.... zzzzzzzzzz............
"I'm not seeing any tremors that indicate an earth-shattering paradigm shift just yet".
What actually would you expect to see?
The famous Ben Bernanke didn't agree with the premise that housing prices would fall.
I mean really. Governments printing trillions of their owm currency to buy their own bonds, Greece on the verge of bankruptcy, 50% youth unemployment in Spain, historically high debt loads across a vast swathe of nations, zero bound interest rates that cannot be raised for fear of bankrupting entire nations, zero bound rates causing massive misallocation of capital, nuclear tensions building between the US and Russia, war drums in the Ukraine, collapse of the Pacific ocean ecosystem due primarily to Fukushima. The paradigm shift is the end of debt based currency and it is punching us all in the face.
Mate, can I borrow your rose coloured glasses?
I live in Hong Kong... I was in Tokyo last week... go to Shenzen monthly.... Seoul bimonthly... Bangkok every quarter and Europe at least twice a year. I don't fly THAT MUCH because my love of flying or because I have so much free time on my hands. I have paying customers who haven't quite gotten word yet of this imminent apocalypse you are going on about. Flights are full... hotels are full... prices for everything are up... restaurants are doing brisk business. Traffic is a mess everywhere... the streets are full.... the sun still comes up in the morning.... the world goes on.
I mean really. Governments printing trillions of their owm currency to buy their own bonds, Greece on the verge of bankruptcy, 50% youth unemployment in Spain, historically high debt loads across a vast swathe of nations, zero bound interest rates that cannot be raised for fear of bankrupting entire nations, zero bound rates causing massive misallocation of capital, nuclear tensions building between the US and Russia, war drums in the Ukraine, collapse of the Pacific ocean ecosystem due primarily to Fukushima. The paradigm shift is the end of debt based currency and it is punching us all in the face.
Mate, can I borrow your rose coloured glasses?
I'm not your fucking mate. What rose-colored glasses? What the FUCK are you babbling about? NONE OF THE ABOVE constitutes good, short-term investment advice.
Okay, so when does the apocalypse start. Because urgh, could you be a bit more precise about this THE SKY IS FALLING mega event? When? Next week? Next month? If it's next month I'll still need to pay my rent and schedule my meetings. I went to the landlord and screamed at him, "THE PACIFIC ECOSYSTEM IS COLLAPSING DUE PRIMARILY TO FUKUSHIMA," can I skip the rent this month? He shrugged and said PAY. So I tried, "BUT, BUT... GREECE IS ON THE VERGE OF BANKRUPTCY! HELP!!!! HEEEEEEELP!!!!! He looked at me like I was nuts and just repeated... PAY.
Then I got ready for my Seoul meeting this month and I had to book a seat and a room for the 4-day trip... I tried using your astute insights into the state of the global economy, "SURELY YOU HAVE A SEAT????? SPAIN YOUTH UNEMPLOYMENT IS AT 50%!!!!! GREECE IS ON THE VERGE OF BANKRUPTCY!!!! HOW THE FUCK CAN THEY AFFORD TO FLY TO SEOUL?????!!!!!! WHAT DO YOU MEAN THERE ARE NO SEATS???? WAAAAAAAA??????
When I tried booking a room it was much the same, "BUT... BUT... Don't you know that government are engaged in MASSIVE MONEY PRINTING????? SUUUUUUUUURELY you have some rooms available????!!! I mean.... SURELY everyone is hiding in their nuclear bunker eating spam and logging on to ZH and breathing in the Fear? Who in their RIGHT MIND would actually conduct business in this environment????!!!!! But apparently... all those Asian zombie muppets hadn't quite caught the Fear just yet.....
I like ZH. It's a good read. It can be mildly entertaining. But while we're all here on the cutting edge of being cool anti gubment libertarianish counter cultural and all that shit... it takes a little bit more than THE SKY IS FALLING to actually make money from the eventuality of that gynormous thud. Like... an exact date would be nice. A blue print to the apocalypse would be even nicer. And just regurgitated all the cool counter cultural fringy sounding mega doom events that are supposed to obliterate us all tomorrow at 2pm hasn't actually cut it since oh, 2008. It's 6 years later and following THE SKY IS FALLING as a guide to economic freedom hasn't worked out too well for some of us.
I bought stocks AFTER the 2008 Hang Seng bubble burst.... get it... AFTER.... can you be more astute than buying AFTER a fucking bubble actually bursts? The Hang Seng ACTUALLY collapsed from a little over 31,000 to nearly 15,000. But TODAY... in the Year of Our Lord 2015... quite nearly SEVEN WHOLE FUCKING YEARS LATER... IN SPITE OF all your SCREAMING about a bubble... my entire portfolio of Hang Seng stocks is still down by SEVENTY FUCKING PERCENT. So... urgh... WHAT "rose colored" fucking glasses???????? It doesn't matter how MANY accounts were opened last month... or how HIGH the Hang Seng has risen in the last 3~4 years because they are STILL DOWN from just SEVEN years ago. GET IT? No. Of course you don't. I'm the one with the rose colored glasses. LMFAO.
You obviously haven't heard of Chicken Little. You should read up on him... cause you sound an aweful lot like him.
It's all Bullshit!!!
Sure!!!! There... I'll add more exclamation marks!!! That'll make it more true!!!!! WAIT... I'LL TYPE IN ALL CAPS WITH EXCLAMATION MARKS!!!! NOW IT'S EVEN TRUTHIER!!!!!!
LMFAO.
Fuck you
"But I must be healthy, Doctor, I don't feel ANY pain!"
You still have to pay rent. I get it. You still have to live till the bottom falls out.
My question is, What level of living are you doing? Is your overhead the same as it was last year?
All the chicken little facts that you sprinkled in your post are all true.
So, What are you doing as a hedge or a fall back plan.
My guess is that you will be LIVING LARGE right up till it falls apart.
Then you will gnash your teeth and wish you lowered your overhead while you had a chance....
.
The usd/jpy just POOPED!
Hope you banked it!
It's going lower. I don't KISS & TELL.
I enjoy watching people make $. My, gains are insignificant.
I covered 2/3rds of my (usd/jpy)short position.
I need the other 1/3 to hedge the fauxpaux ramp into N.Y. today.
consolidation phase/
Why don't you guys just lock the house at night and let the dogs do the guarding.
<<< Retail gets in... the top is near...
<<< This bubble will blow much bigger...
Ho Lee Fuk
Looks like a few someones have a whole heap of tracks to cover.
They are all a Guy From England Living In His Parents Basement...or GFELIHPB
BTW Private Equity is starting to selll.....
But, we guarentee you have never - ever - seen anything like this...
Not even since Lehman???
Not since LTCM!
Not since Milken got busted!
Not since....
Exactly dude. Before this year, it was ILLEGAL and therefore IMPOSSIBLE for mainlaind retail investors to open trading accounts in the Hong Kong exchange. Ergo... there werent... very..... many. This year... they liberalized it and now retail investors are opening accounts. BIG. FUCKING. DEAL.
When I started spreading my cash around I opened trading accounts with over a dozen firms. I ended up trading through .... drumroll..... ONE. And I even terminated that account after 3 years.
SIGNAL. NOISE. More of the former... less of the latter. Would be nice. Don't you agree? I think in their rush to be the Internet's premier source of Doom Porn ZH is starting to lose the plot. Throw up a chart... scream THE SKY IS FALLING at the top of your lungs... baddabing baddaboom... all in a day's work.
Pfffff........