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Chinese Stocks Drop'n'Pop After Officials Confirm "Stock Market Rout Stopped By Timely Measures"
With shenanigans in precious metals, investors are rushing back into the safety of Chinese high beta idiotmakers stocks...
Shanghai Composite Tops 4000 Once again
One wonders if gold manipulation played a hand...
After two days of deleveraging and a squeeze into the expiration of CSI-300 Futures pushing Chinese stocks higher, the grandmas and farmers have decided now is an opportune moment to once again start adding margin debt. Who is to blame? Simple - Chinese officials have confirmed that "the stock market rout is over thanks to their timely measures." Futures opened modestly higher but are fading as the cash open looms...
Rest assured world...
- *CHINA'S ZHU SAYS STK MKT ROUT CEASED BY TIMELY MEASURES: DAILY
And so, after 2 days of rationality, PBOC reports,
- *SHANGHAI MARGIN DEBT RISES FOR FIRST TIME IN THREE DAYS
As the Chinese just can't help themselves...
CSI-300 hovering flat (China's S&P 500)
CHINA FTSE A50 (China's Dow) lower....
Finally, here is a brief explanation from Stratfor on the political consequences of China's stock market collapse:
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Fixed. No further need to be disturbed by this distrubing turn of events in China's markets.
Stupid crackers. ..I mean rice cakes
BTFDYFI
I hate to say it but "I told you so"...
only white yuppies eat rice cakes
anyhow, the result that is occuring is exactly what the PBOC wants... PBOC doesn't want the crash to stop or reverse
they want to crash to SLOW but still safely continue down a little to make real estate look better, but at the same time publically support the stock market so that the government isn't blamed as much
common western misconception of China is taking things too literally... even in basic human communication, people will always say things to save face in a way that is different than their literal intent. even if it's asking to go for coffee or work overtime, or comment on Japan politics or Chinese finances.
ZH really needs a china expert :P cuz you're work on financials and fundamentals in China are some of the best in the world, but FFS do you know shit all about the social element of politics in china ;p
No one around here takes any government "authority" or "expert" as truth; we add the antithesis and come up with the truth.
entire article and at least 7 of the top in this first comment string were literal interpretation of their remarks
so..... yeah
.
Who Phlung Dung?
doesn't even remotely sound chinese, sounds vietnamese
The world does seem safer now that those who busted out are starting to re-margin up for another go.
Oh jesus fucking christ will you sop being such a blowhard idiot with untrue hype? The china market is flat right now you dipship and it just opened. It's been down 4% after opening and then screamed higher, thanks to intervention, more than +5% day, up 9% from the lows. You need to stop with your bullshit man. When the dow is red 3 points you come out with an article, "THE DOW IS CRASHING!!!!"
I wouldn't mind if China went up 500% by year end. Good for them and who fucking cares? I don't see zionist fuckers running china like here in the us.
Ah. Yes. Outsmarted by a bunch of Jews. Despicable.
Fuck it just hammer gold down and it will all be hunky dory .
You called it to the minute.
http://www.pmbull.com/gold-price/
Gold dropped $60
Curius also curious how the bounced right after that paper bomb went off.
1991 USSR collapsed, free market capitalisms supremacy declared 'the End of History'. 2008 US Fed decides to restart 'History'
now, with China's headfake pretence of opening its economy, the Free Market is history
MDB has been kidnaped and does official announcements for china
Anybody have any idea why gold is down near $50?
out of control criminal markets?
what do I win?
Chinese are getting margin calls. They can not sell stocks, its illegal, so they sell what they can, GOLD.
Thanx Calm, that computes.
Don't know why, but I grabbed a couple ounces from TexMetals.
It's come back only $30.00 down just now...someone shit a pile of paper.
I'm too busy watching Trump destroy John "100 years of war" McClaim and the MSM to pay attention to the Chinese gambling their money away. You can tell who the wise ones are there; look at th eones buying 24k gold in 100 gram bars and 24k panda coins.
Whew! Thank goodness, the fundamentals recovered in a few days.
wi tu lo
The CSI300 is down 10% in the last 30 days but still up 92% for the year. Acording to ZH, the 92% rise means nothing but the 10% means everything. I am in the stock market to make money, not to be a fucking blowhard, permabear and refuse to accept price movements that can make you money. Are we not smart enough here to realize how much wealth was or could have been made when the market is up 100% yoy? But no..... that doesn't mean shit or account for anything but this 10% drop THE WORLD IS ENDING MOTHER FUCKERS!!!!!!!!!!! GO ZERO-MONEY-HEDGE!!!!!
We'll all get rich the chinese way... buy, buy, buy, and it's illegal to sell... we're all rich now!
10% down is just the start, this is going up and away! Escape velocity!
Can't wait until the market gains another 100% and we can look at all the pretty gains in our 500% returning umbrella company stock that we can't actually sell!
Hey dipshit, did you know you can buy calls on ASHR, CHAU, YINN here in the US and sell them whenever the fuck you want? Probably not by your comment. Yea, man we can't make money from the chinks rising 100%. I bet you don't make shit in the markets...........
funny when they mentioned capital misallocation
Just arrest these damned Chinese rednecks and short sellers waving their flags in our face who impugn the divine authority of the Chinese state to provide higher stawk prices for Chinese corporate CEO's!
How in the hell are Chinese government politicians going to get their kick-backs and control the means of production if the CEO's don't profit from the illusion of wealth to keep this ponzi going?
Why this could be the end of everything we thought we knew about economies and the state!
But you already knew that ;-)
Negative ZH headline? Here comes the rally!
It is always curious how reality does not pay attention to methane spewing from mouths of "leaders".
Gold & silver crashed in fiat pricing...oh baby, margin is calling on reality.
Come to papa ;-)