This page has been archived and commenting is disabled.
Chinese Stocks Are Crashing
The Shanghai Composite has extended yesterday's losses and is now officially in "correction" - down over 11% from its highs yesterday.
This is the biggest 2-day drop since August 2009
The much-heralded Shenzhen Composite is also down over 11% from yesterday's highs...
Intraday, a small opening ramp has been demolsihed in Shenzhen, CHINEXT, and CSI-300...
* * *
This has all happened since Hanergy's CEO exposed the endgame of the biggest Ponzi market ever
Charts: Bloomberg
»
- 34886 reads
- Printer-friendly version
- Send to friend
- advertisements -
They need a Kevin Henry.
They are so far behind the times. Welcome China to the U.S. Tech reck of 2000.
I’m just itching to see how the Chinese central planners deal with the popping of their stock bubble. I have heard over and over how the Chinese are superior long term planners to the west, they are playing chess to the west’s checkers. I only see central planning, which always fails.
The west is certainly making plenty of mistakes, and there are certainly moves made by the Chinese that appear prudent but you could have said the same for the Soviet Union at times. Interesting times, that’s for sure.
Buy FAZ if you want to make 20-80x your money in the next 60 days to 6 months. Research indicates that Chicago is about to get hit by a dirty nuke false flag event to be used an excuse to bring martial law, gun confiscation, and the start of WWIII inside Iran, with the nuking of Iran.
FAZ is an Inverse ETF that goes up when the market goes down. I have more information than the links I am sending. If this event does occur then FAZ will go up 40-80x whatever you invest.
http://beforeitsnews.com/war-and-conflict/2015/05/all-signs-point-to-isi...
http://beforeitsnews.com/new-world-order/2014/05/whistleblower-reveals-t...
http://beforeitsnews.com/new-world-order/2014/05/nuclear-strike-on-chica...
http://beforeitsnews.com/new-world-order/2014/07/chicago-false-flag-nucl...
Live:
http://www.investing.com/indices/shanghai-composite
Looks like it recovered.
China & Russia are going to be next economic and military superpowers supplanting the U.S., Germany, et al., according to Zero Hedge.
We read about how China's unstoppable, with all of its gold, military might and other awesome things daily on RT...err..I mean Zero Hedge.
Except ZH has had plenty of Chinese misfirings of bullet trains, apartment collapses, etc. I don't think we have a hedge, Truth.
This is the perfect opportunity to buy. I'm long on China. I love their fried cat and boiled dog lunch specials.
yeah - it "crashed" for about 10 minutes - lol!
Flash crashes are a sign of vigorous health and limitless upside.
Don't forget to buy the dip.
BTFD cookie boy!
If gun seizure is taking place I would bet so is counter party failure. Don't spend that 80x just yet. Maybe a bit more FXP...
before its news.com is a total BS site that has never been right - carry your doom and gloom somewhere else.
Oh China. Played the game along with the rest of the world why, because you thought you had to. Because the paper you were holding was the toxic shit that the US et all sold you. So you went along and had a housing bubble, stock bubble, debt bubble like the rest. Your only saving grace is that you may have bought a lot of gold. I say may because it is highly unlikely it will ever be audited and you will look just like the rest of the shitty governments; no one will ever know if the bullion is in the vaults.
The likelyhood of your people rebelling once SHTF is high, just as it is all over the globe. You will likely not make it out alive and not be any saving grace when the fiat/debt game is up.
Oh well.
Golly! I did not see that coming.
The soviets never stocked up on gold. They never held trillion$ of USD denominated assets, as in debt. They never used their phoney profits to acquire land/resource holdings all over the globe. Yeah, I agree that the Chinese central planning thing is going to fail. I just think their central planners might have done a better job of using the fraud to actually improve their holdings of intrinsic value than our central planners. Of course that might be because it sure seems like our central planners have spent a century figuring out how to take a good thing and turn it inside out.'
Edit: I want to add that according to Bloomberg, Google just dropped a bombshell on the modile device market: http://www.bloomberg.com/news/articles/2015-05-28/what-google-just-annou...
The feature is called, "Now on Tap". Some might like to call it NOT for short.
Sigh
i've often wondered, how do they plan on minding all of those scattered assets if the shit really does hit the fan? seems to me a bit like rich gringos buying real estate in latin america thinking they will be just fine in their fancy houses while the poor brown skins peacefully starve in the street.
At least the Chinese can still manufacture stuff.
Enjoy your Zenith TVs, bitchez!
It didn't last long, did it?
They all just piled in over the course of last year.
Geesh!
HFT didn't really exist in the DOT com crash we saw so during a huge bullish market this totally expected......no signs of turning down long-term yet, so bullish it is.
Who flung dung?
Sum Ting Wong
Dang Wi Phuc't
Wi Tu Lo
/obligatory
Hate to spoil your party. If you want to pretend to speak Chinese, at least try to understand how Chinese sounds and looks like. Instead, you guys sound more like Vietnamese. It is quite childish
Shut up and bai fukking dip!
Yu Fuc't
Meh, I think it could also pass as Cantonese. We've all shopped at Chow Tai Fuk and ate Dim Sum, after all. These sounds and these end consonants exist in the southern language.
(obligatory Ho Li Fuk)
Ho Lee Fuk!!!!
My palty been luined. LOL!!!
Coming back up as I type...
Went to a business dinner with about a dozen, give/take, Chinese nationals. All ordered ribeyes, all ordered side salads with thousand island dressing.
Tonight, they're all ordering their brokers to sell.
(Moral: Fiorina was right)
And all this time I thought Russian dressing was bearish.
Back to working in the rice paddy, China housewives. Back to the paddy...
We all did kind of get a hint this was coming when the housewives were the investing public there. I wonder what kinds of hints we have in the US markets. Hmmm...none that I can see...BUY BUY BUY!
Or tanks in the street paulson
so lifelike, almost like a real market.
Good thing that billionaire sold all his stocks.
Oh wait....
Print you lazy bastards!
War on cash my ass, Im all cash and Gold,
Your post will be archived and presented later during official interrogation.
- Your friendly neighborhood NSA representative.
Sooo
Worst since Lehman?
Worst "Since Reyhman™"
If you do the accent as well you giggle!
Well - tomorrow (Friday) will be very interesting on Wall Street. Let's RUMBLE!!!!!!!!!!!!!
They'll have it green in 3..2..1
in China, red is the color used for gains on the ticker. green is for losses.
In Japan too.
I was quite disturbed first time I saw that.
Don't worry. It is only a technical adjustment.
I'm American, what does the red color and negative sign next to the percentage mean?
BTFD!
YMMV
in china red means good luck.
auspicious!
Seems recovered all loss today at this point.
I have been thinking that US is going to "Russia" China over the South China Sea just like they did in the Russia/Crimea conflict.
Good luck with that since they hold $1.2 trillion of US debt.
Capitalism novices with herd mentality and picking a fight with the US in the South China Sea when holding 1.2 trillion in t bills.
How treasure bonus USA were sold as the thing reached the bottom?
hehe.
China remains a mystery until you actually pay attention to them.
In this article, it states that 90% of the turnovers are from retail investors.
http://www.economist.com/blogs/freeexchange/2015/05/chinas-stockmarket
In the U.S., over 70% of markets' volume come from high frequency trading platform algo trades.
http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter...
Excitement for a change.
Up 100% then down 10%? No big deal. Corrections are normal.
Banana cart guy is doing just fine. Souvlaki cart guy - not doing so well.
Ajax, holding SPY June put options overnight - not doing so well.
volatility with mob rule. Wouldnt touch with a 10 foot pole.
Did PBOC go all in PPT tonight?
http://blog.mpettis.com/2014/12/how-might-a-china-slowdown-affect-the-wo...
The SSE is up 42% YTD, profit taking?
down a bit so now they know about BTFD