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Will Chinese Farmers Never Learn?
A 30-40% decline in indices and still it appears the average Chinese person thinks "making money trading stocks is easier than farmwork." As the following chart shows, a thundering herd of margin calls, panicing policy makers, and media frenzy has done nothing to dampen renewed gambling fever in what is now the most speculative nation in the world as margin-financing as a percent of trading volumes has exploded once again in the last few days...
Margin's back baby!!! You can't keep a bad market down...
Source: @WeiDuCNA
BTFCrash... or CTFFKnife?
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Gamlers always double down to win back what they lost
In this case, the gamblers have an expectation of being made whole. Don't ask me how that works, but it's what they expect, and I imagine it will be attempted, and they will hold out for that.
If you double your money with every loss and always bet on black, you are guarenteed success...
Until the house is an asshole and kicks your teeth in, that is.
Only if you have an infinite bankroll as doubling down quickly spirals out of control. So no, usually ends badly.
It's different this time?
Yeah, no minimum on the maxium, or skys the limit.
That chart sure looks like it's saying "all fixed" to me.
The whole damed thing reminds me of the old anti-drug commercial from way back in the Nancy Reagan years...
I do coke so I can work more so I can earn more money so I can do more coke so I can work more so I can earn more money so I can do more coke.....
Actually it is different.
When your Government basically shoots short sellers, you know they,ve got your back.
Yes, it's different this time, because one day, in a galaxy far far away, the Chinese will introduce a new gold standard....hahahaha!
Keep on dreaming folks, it ain't gonna happen. The Chinese just LOVE to gamble and copy the West, and any self discipline like a gold standard does NOT go along with those two previous things.
And if you had an infinite bankroll to start, no matter how much you won wouldn't make any difference to you anyway, so why bother?
Action, son.
until you hit the table limit...then the double down theory goes out the window. the chinese farmers think they are in macau. But in reality the stock casino will always take more of your money because people think they are "investing" so they pile in their life savings into it vs. play money at the casino
You can double down at the Mirage until you hit $5K
Losing money trading stocks is easier than farming
Can you say unstoppable cluster fuck... I knew you could.
#41
Just keep Monsanto out of China.
Monsanto is the least of their worries with how much pollution they have in their water supply, their air, and caked in layer upon layer atop the soil. That and the erosion of the loess plateau. They'll eventually have a dust bowl of epic proportions.
you sure get a lot of mileage out of that single nameless farmer quote lol
Soon Tu Phatt will never give up his farm!
sounds one-third Korean one-third Vietnamese
I watched a show on traders in Chicago. This poor sap lost everything, his house, his wife, his family. The guy said something to the effect, "Sometimes you start to lose and you think, you know what, I'll buy some more."
One thing I took away from that show is largely it doesn't matter if you win or lose in that gambling den, you're pretty much fucked either way.
He went through a divorce?
I knew Chinese were greedy, in the end their meme is 'prosperity' and that's what their life evolves around but why buy something you're later not allowed to sell anymore when your government steps in and says 'na, trade suspeeended'!?
I mean any sain person would have his or her alarm bells ringing after what the Politburo did during recent days, namely to not throw any more cash into that black hole...
If I was the Greek PM, I would agree to the terms given me, take the money, then use it to build a monetary system of the drachma, make all kinds of statements of compliance and really fuck the Troika with the re instatemenct of the Drachma and tell the EU to "fuck off".
Take the pain now and let the chips fall where they may.
However, this toad, Tsipras has already pubilically stated how much he wants and love power, like any politico, will do what he can to maintain power.
If the Greek people were listening, they would hand this asshole if he tries to immpliment his current agenda.
Largest margin financing in the world. Yee Haw! Buy! Buy! Buy!
What could possibly go wrong?
Well when the government comes out and says they will do everything in their power to keep stock prices going up and anyone selling stocks with be subjected to jail time it really only leaves you with one option now doesn't it?
In any event last Sunday was the most obvious bottoming action I have seen in recent memory. Set the low on Sunday at the open and gave you all week to buy around but never below that price. Then sure enough we started the next leg higher last Friday with plent of follow through today.
Someone, anyone, please tell me, do I look chinese?
I too believe "making money trading stocks is easier than farmwork."
haven't made a dime, but it's been easy trading
We Chinese, we know joke, we suck you in and now you broke!
So....
If Greece borrows 50 B Euros and invests them in the Chinese market, we can solve all of the world's problems in one shot.
Right?
Okay, there's that Confederate flag thingy that's still out there.
Plus wtf are the Dixie Chicks going to do
Who's surprised? We're talking about China, right? Didn't they just announce that pension funds can't sell, individuals we be arrested if they sell, halted trading in the largest companies (to stop the massive selling), and .gov is giving free money to banks/funds to buy stocks. If entering a sell order can get me thrown into a Chinese prison - I'm a buyer too.
Coming to the USSA soon.
You get your hands dirty while farming...but in the stock market you make more money getting your hands dirty. Plus you can sell your soul for some extra dirty dough.
Mainland Chinese. That tells you everything you need to know. Revered leadership encourages millions of economically limited people with gambling in their DNA to gamble, and makes it all the sweeter by allowing them to include imaginary money (margin leverage) in the bet with a payoff in real money, and this is exactly what you would expect to see.
If ya ever stood in a rice field up to your nuts in mud, walking behind a water buffalo in 120F temperatures...you'd gladly work the stock market, take a 30% hair cut and think your life is still 300% better.
Luv it .... BTFCrash Heh
I just can't understand why I saw a clove of garlic at the grocery store from China?
We at Kroger also sell frog legs and crawdads, mudbugs, creyfish, or what ever you want to call them from China.
We at Kroger also sell, large fresh water shrimp from Bangladesh that leave a blue stain on the ice they're laid upon in the service case.
I understand that the FDA controls entry of such items, but they only check a small percentage of imports.
I would not buy any of these items.
Why can't the U.S. grocery stores look for U.S. suppliers?
I't's not about the consumer, it is all about the shareholder.
It is all about price; not about what is the right thing to do.
SH