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Red China Goes Redder, Stocks Tumble Despite Government Ban On Bearish Talk
Despite more liquidity injections (CNY35 billion 7day RevRepo), archaic deals for brokerages to manipulate their balance sheets, and local reporters noting China's propaganda ministry ordering state media to publish only positive opinions about the stock market, not to criticize, Chinese stocks are in red once again. The record streak of margin debt declines continues and although futures were driven up early on, any strength has been sold into as unwinds wreak havoc on the ponzi wealth creation scheme. All major indices are in the red with Shenzhen (home of the 500%-club) the worst, down around 2% (though as CNBC would say "off the lows").
Despite this...
BREAKING: China's propaganda ministry orders state media to publish positive opinions about stock market, NOT to criticize - media sources
— George Chen (@george_chen) July 2, 2015
Stocks can't catch a bid...
China Realized Volatility remains extremely elevated...
But VIX (implied volatility) has come off highs (though remains in a high risk regime)...
Seems like now - heading into the morning session close - would be a good time for some manipulation. But nope - it's getting worse...
Because if not this looks awfully ominous...
On a side note, Mizuho warns that since 2000, SHCOMP has never exceeded its recent high within 6 mos. of losing at least 15%; it will take longer for mainland investors to regain risk appetite.
Charts: Bloomberg
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BREAKING: China's propaganda ministry orders state media to publish positive opinions about stock market, NOT to criticize - media sources
Ha! So what else is new...
Obozo's propaganda ministry orders his sycophant MSM to publish positive opinions about stock market, NOT to criticize. But this has been going on since 2009.
stocks don't go down.........they climb a "wall of worry"........BTFD it ALWAYS works........"who coulda seen it comin' "...............
"Do not taunt Happy Fun Ball!"
… it really will be a Depression if even the Chinese become disillusioned and cynical !
My best friend's ex-wife makes $75/hr on the laptop. She has been unemployed for eight months but last month her income with big fat bonus was over $9000 just working on the laptop for a few hours. Read more on this site... www.jobs-review.com
My best friend's ex-wife makes $75/hr on the lap. She has been unemployed for eight months but last month her income with big fat cocks was over $9000 just working on the lap for a few hours. Read more on this site...
And these are the guys we're supposed to expect to back their fiat with Gold? Maybe as a Last resort, but not by design.
Gold won't bounce until Buffet announces that he is holding a few tonnes in Texas
Red China! red greece, red eu, red japan, and of course, the unadmitted red usa.
we're all dirty reds now.
Light red or dark red?
Totally agree. USA statistics have been strange since Clinton. All lies and coverups, same as PRC.
BE HAPPY OR ELSE WE KICK YOUR TEETH IN!! The Chicom way of doing business...
Soon to be copied all over the bankrupt western world... undercover of course... and none of the ``journalists`` of the controlled medias will say a thing about it.
Quick, close all the windows in the casino. If people still leave, get that famous Chinese pop star to start singing. Then close the doors. Keep the people playing at all cost.
"Pinhead" moment "when the gambler realizes there is no wayhe can leave the table."
I guarantee the Fed will be raising rates in the Fall.
We could go from seeing massive moves in forex flows due to the Bakken to see very large changes in the flow of actual goods.
I would be following the movement of the Canadian dollar to see if we're really looking at something "cataclysmic" here.
Only Fed can engineer a perpetual bull market.. China should stick to slave manufacturing..
Shanghai 4,022.60 4,080.39 3,911.04 -31.10 [ -0.77%] 3:24:26
SZSE Component 13,538.49 13,732.49 13,139.23 [-112.32] -0.82% 3:24:00
HongKong is up because of the market holiday yesterday.
Can't tell the Ministry from the 'media' anymore in the USSA.
ChiComs are going New York Times on us.
Ever since China and the US has had their "disagreement" over the South China Sea, Chinky stocks have crashed hard.Call me a conspiracy theorist but the same thing happened to Russia over their "disagreement" in Crimea.
China approves sweeping new security law (not financials)
http://www.nytimes.com/2015/07/02/world/asia/china-approves-sweeping-sec...
won't help: Pluto, Neptune, Uranus & Saturn all set to do a number on the Middle Kingdom
Good.
"Just in time" legislation. When a banana merchant is photgraphed looking at a day trader screen, having borrowed money to invest, it's way past time to get out of that market. The Chinese government is getting ready for their very hard landing due to massive losses from their ongoing real estate, debt, and now, stock market bubbles bursting. Add their coming huge export crash due to the pending EU and then worldwide crash and they're perhaps heading for some major domestic unrest issues.
tigers can't change their stripes... not even paper tigers, evidently
Communist paty is bullish on stocks. What can go wong?
The fascist US government is WAY ahead of you fellas!
send those who act irrationally to re-education labor camp.
I've never witnessed you saying something rational. It's been nice knowing you.
Why the hell did they invent talk if your not supposed to do it. What do they want you to do make faces at each other. They shouldn't have bought stocks in the first place. And besides if they are like Americans they never admit to losing money in stocks anyhow. Additionally nobody bothers to trash Cramer anymore because everyone knows he sucks.
I just realized how fucked up the market is. I saw on google finance that Shanghai was down about 2%, and my thought was "oh it's only down 2%." That's usually a pretty big decline for a single day.
They're so far behind US "land of the free" it ain't funny
China's propaganda ministry ordering state media to publish only positive opinions about the stock market, not to criticize,
Don't sell stock are only for buying !
Poppies
Poppies will make them sleepy.