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Euro & Stocks Maintain Losses Before EU Open As China Market Cap Tops $10 Trillion For 1st Time Ever
The total market capitalization of China's stocks is now over 40% the size of the US stock market and topped $10 trillion for the first time in history. This represents at 8-fold increase in Chinese market cap since Lehman.
But after that initial pop, Chinese stocks are weak too.
Meanwhile in other markets the EUR is notably lower against the JPY and USD but appears to be protected from a plunge for now hovering at 138.40 and 1.1200 respectively after the Greek Deal failure news.
US equity futures are tumbling, down 9 points but off the initial lows for now.
Of course there is great incentive for some plunge protection tonight to SHOW the world that Grexit contagion is contained and nothing to worry about.
Charts: Bloomberg
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How do you say "Corzined" in Chinese?
Geneva Whodunit Has Chinese Up in Arms Over $1.2 Billion Lost in Alleged Scamhttp://www.bloomberg.com/news/articles/2015-06-14/geneva-whodunit-has-ch...
Colzined! That was easy.
The Fed has turned the stock market into a play station game, with Fed interns given directions to bang the VIX and buy Apple stocks for extra credits. Kevin Henry has the most points of all employees!
They all deserve a Columbian necklace and/or necktie!
Speculating with the biggest war effort in history as your safety net.
What could go wrong?
BUY EVERYTHING!
BE THE FIRST MAN IN HISTORY TO OWN IT ALL...INCLUDING A PLANET OR TWO!
BTFD. You may not get another chance before the world ends.
All's fine when you can have an umbrella company take over the world and hit a trillion dollar market cap by year end.
Oh, not that kind of umbrella company. A company that actually makes umbrellas. AWESOME.
everyone in China has more than one umbre...women have a few...
Wind and rain render them replaced often...
so it all adds up, no?
And they're not all yellow, as in HK, hehehe.
Greece, give the CRIMINALS, the middle finger and DO NOT answer the phone when they call!!
get this party rockin...other's will follow
BTFD... cuz kicking the Greek can has become the most regular money maker since QE vs 5Y5Y Foward Inflation. the game will go on... until it can't.
That's it who da fuck is Lehmann? Is it Jerry Seinfeld's cousin?
I'm gonna have a chat with that prick!
What was Japan's stock market valuation before the crash?
Greece still thinks they can make demands - pathetic
Tick tock bitchez! Eventually the alarm will ring, and people will wake up. Late to the party unfortunately, as the doors will be closed to exit. Suckers!