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Chinese Housewives Displeased After Biggest Stock Market Drop In 2 Years
For the 4th day in a row, China opened with a dip last night... but this time it was different. A half-hearted BTFD-effort was met with major selling pressure. Between real-estate developer Kaisa's failed bailout and yet another entity defaulting (Zhuhai Zhongfu stock plummetted) it appears the 8% rip of the last few days in the Shenzhen Composite was just too much for Chinese housewives not to take some profits. By the end of the day, Shanghai Composite, CSI-300, and CHINEXT were all red on the week (the latter down hard) and the meteoric Shenzhen Composite up just 0.6% on the week (after its biggest daily drop in 2 years).
It was different this time...
Something does not look right... though panic may not be setting in yet...
Worst single-day drop in 2 years and almost worst since 2010...
Within the Shenzhen Composite 271 stocks (out of 1730) plunged by 9.99% or more (but Saimo Electric, Sichuan Maker Biotech, and Global Infotech all rose more than 40% on the day)
And 179 (of 1083 stocks) in The Shanghai Composite dropped 9.99% or more overnight...
In other words - this is the worst sell-off since the new smart investing public joined the casino.
Social Unrest coming soon...
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lol.. groundhogs day!
Chinese Stocks ‘Flippers’ on shaky ground as rally fadeshttp://hedgeaccordingly.com/2015/04/chinese-stocks-flippers-on-shaky-gro...
big dissapointment, I thought the riots had started but all i found was graphs and lists.
"it appears the 8% rip of the last few days in the Shenzhen Composite was just too much for Chinese housewives not to take some profits."
I love how market mouthpieces refer to panic selling as "profit taking".
On another note, it seems the People's Bank of China has not decided to prop up their markets with a Plunge Protection Team.
That's not right. How can the price be going down? [/Mortimer]
The irony is the Fed is trying to turn all US investors into Chinese housewives that believe the market will keep going up forever. Success will be failure. It's simply not how markets work.
It's soo nailbiting, who will win!? Chinese Housewives or American Algos???
+100
you would think a people who excel in math would understand the end of an exponential parabola.
People who excel in math wouldn't describe a parabola as exponential nor the other way round...
And in math, they don't end. In the real world, though...
" It's paradoxical! "
Problem is no one wants to save anymore in this ZIRP environment. The global consequences will be tragic, me thinks.
duh, but...they all went to an online trading academy, and they all learned how to see the signals of a market turnaround, and they ALL know how to get out, before they rack up large losses.
Four chan.
An exponential function, like your good old basic e^X, increases by orders of magnitude more than a parabola (a quadratic function).
God we are so fucked because the economy only works on exponential growth. All part of the fractional reserve banking system you see, you need to create money to pay for the interest, but since all money comes from debt...
God we are so fucked.
American housewives are gonna be real upset when the trend starts here as well. Watch the divorce rates for the signal.
+1
Boy ain't that the truth.
I cannot imagine how the Chinese lemmings are being front run by Chinese market makers. I guess it cannot be any worse than HFT US algo markets..
Speaking of American housewives...I've noticed all the Russian woman ads (and other countries) have disappeared from the sidebars. Are there now American woman dating ads on Russian and Chinese websites?
No, it just means they cannot afford to even post ads. Ludmilla is going to have to stay in the village now and marry her cousin instead of let some overweight older Amerifat suck on her toes.
LoL! You'll know the marriage over when the flatbed shows up to repo mom's Land Rover.
That just means buying more now is a guaranteed bargain.
Securities Analysis 101:
-Have prices ever been higher?
Yes: Undervalued = Buy
No: Fairly Valued = Buy
In fact, why are you still reading this? The market is open you should be buying with both hands gogogo
"What's a margin call?"
I'll have to spot you in Bananas and 1 wheel off my cart.
KNIT FASTER!
KNIT HARDER!
Those asian stocks dindu nuffin to deserve this beating. This is finance brutality!
My 100 shares of Ding Dong Monkey Boy Ltd are down 12% since last week!
As well were my shares of Ring Monkey Dong Dingeroo.
who is left to printing trillions of worthless currency....we already had Japan, USA, Europe, China,....who is next...Belgium announces printing 10 trillion Belgian Francs as well as Euros? Greek Drachmas? Who? Arctic Polar Balls?
Vaguely reminded of 1929.
chinese house wife not happy
pretty soon husband not happy
no make baby
win win for the world
I bet that room smells really bad after a long day?
Do they know about western female hygiene products?
Dragon lady, you smell funny.
blind chinaman go into fish market by mistake
blind man say
Oh, hi girls!
The largest debt bubble in history has to start bursting somewhere. China led the last crash, they might a s well lead this one too...
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
Here is the top of the rollercoaster...wheeeeee!
Looks like somebody better start printing.
So if you got in last week, you're down. If you got in at the start of the year you are still up big.
This is losing one $20 bet at the table after winning twenty in a row. Now if you start losing more bets, you're in trouble.
A share of a Shenzhen stock is the same as red or black. The wheel may have gone black almost every spin making it look like black in a winning bet. Like any habitual gambler will tell you, in the end you'll always wind up broke.
Wow, they still allow stawks to go down in China
You riar, stocks arways go UP!.....
Chinese QE?
OH BOY!
It's ongoing. Every Chinese is printing Mao paper in their basement. Only tragedy is that we allowed them to peg their paper to ours. Now they're buying up everything good and nice in the world and will turn it into a pile of shit.
How do you say pump and dump in Chinese ?
Wait till these bitches get spooked. Like a heard of cattle that sense a wolf pack at the tree line slowly moving towards the fence line. They will scatter in all directions with a cell phone in hand trying desperatly to SELL, SELL, SELL, SELL the whole muthafucka!
Chinese love to gamble, they should serve drinks with slutty waiters in hotpants at the local stock exchange.