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When Does The Chinese Carnage Stop? (In 3 Charts)
Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably). The question is - when does this carnage stop?
Exhibit 1 - Based on 'fundamentals', The Shanghai Composite has a long way to go...
Exhibit 2 - If Dr. Copper is right about the state of the world, The Shanghai Composite won't find support until it has fallen another 60%...
Exhibit 3 - Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before 'value' is once again seen...
But apart from that, this must be a buying opportunity, right?
Because if you don't buy the dip, you're a f##king idiot...
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mmmm dip!
Confucius say: Dead cat bounce, lead to bodacious supply of cashew kitty.
Confucious had better butter his bunghole on this baby after the dead cat bounce.... 'cause the next dive is gonna light him up
It's going to be difficult for China, Russia, India, Brazil and South Africa to save Greece, Spain, Italy and Portugal if their capital markets are in Fukushima meltdown mode.
I sense the invisible hand of the Globalist-owned market will soon find it's way up Zhou's, Yellen's and Draghi's ass.
BTFDYFI
Sorry, but as long as equity prices CAN decline in China, there is some semblance of a healthy market. All you fanboys enjoy touting the “miraculous resilience” of the hollow 'merican economy while you still can.
Carnage?!?!
The Chinese market is back to where it was just 3 months ago in April 2015, which itself was quite a bit higher than in just the beginning of the year.
If you bought Chinese stocks in March 2015 or anytime earlier you are still sitting on profits. It was only the "speculators" who bought into an obviously over inflated market that have any loses.
Wait till the market tests the 2008 lows before calling this "carnage".
those noobs have never seen a total freak out correction.
ZerOhead, Why do China, Russia, India, Brazil and South Africa have to save Greece, Spain, Italy and Portugal? It doesn't make sense.
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Thanks for the link Lonestar
Facts have not mattered in US markets since 2008. Why should they matter in Chinese markets?
Exactly. +1 Wake me up when U.S. equities catch down to credit and macro.
Bei Dee Dip and Oh So Lo are scratching their heads also wondering why their intervention ain't working like in merika.
They are probably not injecting enough directly into their market's blood stream or vital organs. After all, it took the Fed awhile to stop the plunge here awhile back when gold fell to $765/oz before it soared back up and later propped bank stocks and the entire market up big time.
They don't. I wonder when the Chinese will figure out that they got set up by the western bankers? ... not the western countries, just the western bankers.
I wonder when any country will figure that out AND say it out loud.
'We don't hate the American people. We hate the American bankers. These bombs are only intended for them.'
That'll be the day.
When? When they are told they can't be part of the SDR basket.
When does it stop? At FIBONACCI LEVELS DERPS!
BFTD!?!?! That's a new one -- but I can easily fit some choice words to the new acronym.
Sooooo...how does this play in with that shiny new BRICS bank and the move to make the Yuan a reserve currency? Is the plan to start a new reserve currency that is already in full crater mode this time?
Curious thing. Perhaps this whole year so far was meant as a demonstration by the PBOC of their ability to manage crisis (after starting it) and all that.
What is truly amazing is, as the days, weeks and months pass by does anyone doubt where Global economies are headed?
Other than those that are immersed on the inside attempting to come up with fixes and getting paid for their losing strategies.
SHCOMP 2000 looks about right. A mere 47% below current levels
lol the crimps in the CCP won't be happy until they've Shanghaied every investor they can... bwahahahaha...
carnage stops when Goldman says buy!
Government buy orders were suspected within the NYSE at the beginning of the '87 crash, and have been confirmed at various points in the '29 crash. The Chinese are very good at taking notes and replicating results, but they will have to be much more subtle to succeed in this scheme. Look no further than the first 10 minutes of the SSE open in each of the last 3 trading days, and draw your own conclusions. I posted on ZH half-way through the Monday session to warn you.
The OXI vote forced me to put down the bass guitar and pay attention (for a week or so). I'm not a banker and have never been a broker....just an engineer who respects math. There are some troubling numbers at the moment, but I'm counting on perpetual can-kicking to allow my return to notes, chords, and melodies.
Hey - at least China is taking its tour through the meat grinder. Then again, that's because they're backwards and their economy isn't anywhere near as sophisticated - 'nuanced' one might say, as the American's, right? ------ Right...? (Please agree...)
If by sophisticated, you mean run by financial fascist computer central control, then yes.
Buy The Fucking Dip.... BFTD?
SMFH.
BTFF!!! BUY THE FUCKING FIBONACCI!
There's the "return to normal" part of he bubble to hit first so expect some BTFD.
China is in free fall. PBOC is no Fed, try as it likes. Support won't prevent continuing carnage. All halting will do is delay the inevitable. This puppy. is headed straight to 2k IMO, and I put my money where my mouth is - FXP long. :-D
One year benchmark rate is 4.85% in China, 0.25% in the U.S. The PBOC has only paid lip-service to the stock market rescue so far.
It all stops once the chinese import a few of america's finest fraudulent heebs.
Fucking idiots were buying the dip today.
Fucking idiots were buying the dip today.
Fucking idiots were buying the dip today.
WTF, I tried to post and got a notice the site was on maintenance mode. So why three posts? LOL Keep buying that dip.
What a catastrophe, now it's only up 85% in the past year.
yuanaun `nationalism = buy chinese made only...
Sum Ting Wong, Chinese Finance Minister, says that the declines are only the resulf of a minor paper jam. Once the technitians get the presses running again, value will be restored.
Lastly, he noted: The spreadsheets coming ouf of the PBOC communist party conference are quite "exciting". "Dis is cwearwee a time to buy buy buy! Go get 'em you inwesters!"
ZH be careful.
Once China learns what happens on this blog, it will block you.
Drudge Report was unnoticed for years. This year, China discovered it. It is now blocked.
Every bit of Buddha butter is better beaten butter buddy...
There is an old Hollywood trick that producers would use to make themselves look like kings and go-to problem-solvers and it is this:
Create a problem, a serious problem, and a VERY serious situation that only YOU can fix (after all, the producer PRODUCED it)......and then, slowly and perfectly....save the day! Works everytime....and your legacy lives on.
Only stipulation is that you MUST have the ultimate power to "create" the false situation and the solution.... clever, eh? I've seen it used over and over.
Obama has tried to do this, but he is so-o-o-o-o darn stupid without the skill and tact to get it done correctly, he blows it (and other things, too)....all the time.
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