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So You Think You Are Rich

Tyler Durden's picture




 

The bigger they are...

 

... the harder they fall

 

China's bubble is bursting with the weakest (fraud) links hit first as margin-loan pressure builds. After rallying well over 500% year-to-date, these 3 stocks (among many) stand out as the biggest losers:

But there is still hope for even the very biggest of them all - the infamous Beijing Baofeng Technologies IPO (up 4,200% in the 55 days after its IPO) - which "pending the disclosure of an important issue" has been halted for 2 weeks now at its record highs.

Is that the trick to not killing a bubble: Halting geverything? If so that is precisely as we predicted in our observation that the entire market has noe become like CYNK.

So are you rich, if only on paper... or about to get the biggest margin call of your life?

Charts: Bloomberg

 

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Sat, 06/20/2015 - 13:09 | 6217483 thunderchief
thunderchief's picture

When this is done Chinese will be setting BMW'S and above on fire in Shanghai and Beijing. 

Sat, 06/20/2015 - 13:11 | 6217489 Arnold
Arnold's picture

It will be Chevy s in defiance of our hacking of certain Chinese equity instruments./s

Sat, 06/20/2015 - 17:23 | 6217953 MonetaryApostate
MonetaryApostate's picture

The food & utility corps have some serious economic & financial terrorism planned for the masses....

These broke fools, aka gov. wasters et al, are going to get greedy, and the corporations will respond in kind....

 

Sat, 06/20/2015 - 13:13 | 6217497 Bloppy
Bloppy's picture

Seems like this collapse would have a ripple effect as they rush to liquidate overseas holdings to meet local margin calls. There has to be a lot of Chinese money in NFLX, TSLA, etc.

 

Bill Maher, Ann Coulter spar over immigration:

http://tinyurl.com/pxm8osj

Sat, 06/20/2015 - 23:04 | 6218454 The Rolling Thunder
The Rolling Thunder's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.earnmore9.com

Sat, 06/20/2015 - 13:10 | 6217485 KnuckleDragger-X
KnuckleDragger-X's picture

Spiffy, just spiffy. Welcome to the jungle..... https://www.youtube.com/watch?feature=player_detailpage&v=kr8-E8may2Y

Sat, 06/20/2015 - 13:14 | 6217499 Element
Sat, 06/20/2015 - 13:30 | 6217527 Philo Beddoe
Philo Beddoe's picture

I am fucking loaded! I got this little guy who has my name. Fuck the bankers...fuck the politiicians. 

I do not need some fucking financial product to give me wealth. 

 

https://www.youtube.com/watch?v=An2a1_Do_fc

Sat, 06/20/2015 - 17:24 | 6217956 MonetaryApostate
MonetaryApostate's picture

Score one for the dark!!!! >>>>   https://youtu.be/4xmckWVPRaI

Sat, 06/20/2015 - 14:26 | 6217624 Deathrips
Deathrips's picture

Element...im all in.

 

https://www.youtube.com/watch?v=6ODNxy3YOPU

 

RIPS

Sat, 06/20/2015 - 14:42 | 6217656 ThirdWorldDude
Sat, 06/20/2015 - 13:12 | 6217491 Troy Ounce
Troy Ounce's picture

This is a list of major rebellions that have occurred in China.

 

https://en.wikipedia.org/wiki/List_of_rebellions_in_China#Zhou_Dynasty

Sat, 06/20/2015 - 17:33 | 6217962 MonetaryApostate
MonetaryApostate's picture

Something tells me the rebellion is about to go global SOON!

Sat, 06/20/2015 - 13:12 | 6217492 Smegley Wanxalot
Smegley Wanxalot's picture

As long as the umbrella manaufacturers keep going up at 400%, I'm good.

Sat, 06/20/2015 - 13:15 | 6217505 reader2010
reader2010's picture

They will blame it on some odious daytraders. Call up s firing squad and execute them in public. Stock market opens again.

Sat, 06/20/2015 - 16:19 | 6217835 Dindu Nuffins
Dindu Nuffins's picture

I sure hope not. I for one enjoy starting my day with a nutritious and delicious banana.

Sat, 06/20/2015 - 13:16 | 6217506 thunderchief
thunderchief's picture

The only reason the Chinese government is pushing this garbage on its people with loose margin accounts is because the realestate bubble is exhausted and going to bankrupt most Chinese,

And second if they pushed Chinese into gold and silver those charts would be for real, and China s world gold accumulation would be over.

Sat, 06/20/2015 - 16:29 | 6217851 Dindu Nuffins
Dindu Nuffins's picture

China isn't actually pushing anyone into anything. I can walk to ICBC right now and buy a brick of gold. If you want gold, it's right there.

People chose stocks for this round of mania. In 2011, they chose gold, so I guess that's why everyone was hesitant to bubble that commidity up this time. Too mnay still remember 2011, which was a huge event here in China, much worse than it hit the average non-ZHers in the west.

Sat, 06/20/2015 - 13:18 | 6217513 Soul Glow
Soul Glow's picture

I have sacks of silver.  I am rich.

:)

Sat, 06/20/2015 - 13:37 | 6217545 This is it
This is it's picture

Before of after the bubble popped?

Sat, 06/20/2015 - 14:16 | 6217604 Soul Glow
Soul Glow's picture

Have.  Present tense.

Sat, 06/20/2015 - 16:58 | 6217914 db51
db51's picture

I have a sack with two testicles in it....I'm loaded.

Sat, 06/20/2015 - 17:39 | 6217970 MonetaryApostate
MonetaryApostate's picture

Well don't just stand there spread some love!!! :D

(E.g. go get some hookers & blow (jobs) )... :D

Sat, 06/20/2015 - 13:53 | 6217574 cpnscarlet
cpnscarlet's picture

Thought I was rich -

Just rename any of those "precious metals"

Sat, 06/20/2015 - 14:57 | 6217683 Bighorn_100b
Bighorn_100b's picture

If I have to work then I'm not rich.

If I get free money from the Government I am rich.

Getting paid not to work.......Priceless!

Sat, 06/20/2015 - 15:05 | 6217699 CHX
CHX's picture

a margin call hammer - MC Hammer

cant touch this (...wealth ?) https://www.youtube.com/watch?v=otCpCn0l4Wo

 

Sat, 06/20/2015 - 15:32 | 6217744 Burticus
Burticus's picture

<---I have stacks of silver.

<---I'll be facing the biggest margin call of my life when $#!+ hits the fan.

Sat, 06/20/2015 - 15:33 | 6217750 Palladin
Palladin's picture

We Too Lo

Sat, 06/20/2015 - 15:52 | 6217783 Daize
Sat, 06/20/2015 - 16:27 | 6217850 ThroxxOfVron
ThroxxOfVron's picture

HASSAN CHOP !

Sat, 06/20/2015 - 18:09 | 6218015 GRDguy
GRDguy's picture

What?  You've never seen pump and dump before?  It keeps the financial sociopaths wealthy.

Sat, 06/20/2015 - 18:52 | 6218080 GotGalt
GotGalt's picture

I think the China central bank will soon begin some 'equities buying' to keep the sheeple happy and consuming.

Sat, 06/20/2015 - 19:10 | 6218107 stock market loser
stock market loser's picture

China buying up So Cal. One million dollars for a 2,000 square foot stucco boxes in Irvine. What a great investment. Oh wait....

 

 

http://www.naturalnews.com/049630_california_water_crisis_climate_refuge...

Sun, 06/21/2015 - 01:45 | 6218662 Bear
Bear's picture

My brother sold his house in Arcadia, Ca for 550,000 in 2006 ... on zillow it's now 1.6 mil

Sat, 06/20/2015 - 21:11 | 6218302 TheGreatRecovery
TheGreatRecovery's picture

Speed kills.

Sat, 06/20/2015 - 22:06 | 6218375 Yen Cross
Yen Cross's picture

    I'll trade you a late model BMW for 3 venezuelan hookers, and a case of toilet paper. ;-)

Sun, 06/21/2015 - 01:05 | 6218619 TheGreatRecovery
TheGreatRecovery's picture

I loved the BMW 2002.

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