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Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break
In what appears like a coordinated USDJPY-driven intervention, the Panic Plunge Protection Team has swung into action not once but twice tonight so far. After China opened down between 5% and 7%, and initial momentum bounce from USDJPY failed onlyt to be followed by a bigger more energentic push to get Shaghai Composite back to unchanged... but Chinese stocks are once again losing momentum...
Double PPPT effort tonight...Spot The Difference
But it appears to be fading fast... as dip-buyers cover into the government buying
We're gonna need moar JPY selling...
MUST.REGAIN.CONTROL... MUST.SHOW.OMNIPOTENCE... #FAIL
- *CHINA'S SHANGHAI COMPOSITE FALLS 1% TO 3,688.48 AT BREAK
- *CHINA'S CSI 300 INDEX FALLS 0.2% TO 3,810.65 AT BREAK
Charts: Bloomberg
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YOU CAN DOOO EEET =^_^=
Great...more can kicking. Just let it shit the bed so that we can get back to reality.
They spelled it the PPlunge Protection Team. The extra P was for a double dose of this pimpin....
So there is massive co-ordination by the financial powers that be that are now controlling both the US and Chinese markets in unison.
Think about that for a couple of moments...
China --> commodities --> Canadian exports --> Canadian banks --> Canadian housing
It's all interconnected. Canadians better watch closely.
http://www.planbeconomics.com/2015/07/is-canadian-economy-onthe-edge-of....
I hope they fucking crash and burn. And I really hope this shit drives all these Chinese out of our country. Their mere presence turns everything into a big pile of shit.
they are gross compared to japanese.
Will the Chinese sell everything overseas to prop up their domestic portfolio, or do they all jump on a plane and never come back and live off the NZ/AU/CA farm? I can't figure it out either way and it has huge implications for overseas real estate.
maybe the coordination is encouraging. It suggests that the so badly needed reset has consensus.
If there were no consensus on the shape form and timing of the reset, these powers would be at each others throats, not bailing each other out
but Chinese stocks are once again losing momentum...< don't count on it- TPTB assholes would kill their own mother, to get their way.
Depends on who/what is in charge of this consensus.
I see a NWO emerging from the shadows.
You'll get no arguement from me.
None from me neither.
The reality is/has been/will likely be that they are in unison, by design.
China and the Agenda for Technocratic Global Dictatorship
propped up "markets"; whilst they get the skim from trillions. banking-money creation less the skim by a few, with infinete levitation which is the creation of moar debt with moar skim, and that my friend is the way it fucking is. a few skim litteraly billions from trillions whilst the math does in the majority, just ask a greek.
the mutha fucking cocksucking bastards!...
So the lord hates you __, don't take it personal, nobody got it like they wanted it, it couldn't have been that easy, execpt in your dreams.
i am athiest-your comment does not compute-reality is a bitch...
take your beliefs to the battlefield, fight your noble cause, just don't waste your tyme trying to enlist me. not interested in your christian neocon ideas, vote for a republican and have a nice bloody tyme making a few rich.
You might call it a new world order...
See you at the Denver airport!
why you have invitation to go in the DUMB under the airport?
Its like kicking the can but it now weighs 100000000000 tons and hurts the fucking global foot
Don't forget the European markets -- they're controlling and coordinating that "market" as well. Are we surprised?
Well, you forgot Europe and Japan. But for what it is worth, they are in control, they think. When people get so disgusted that they sell and leave, they will realize that you can control somewhat sometimes, but not all forever.
I guess they wish they could print gold, bcause thhat is where we will end, eventually.
It is the only bloody thing they cant just make more off.
Think about that, for a moment.
So much more pathetic watching it as a rerun, you already know the next scene.
We are all Chinese
Two cans being kicked by what appears to be the same foot.
I'm getting a bit tired though of this kicking-the-can-down-the-road metaphore ;-) Especially now that they're becoming more than one can, there's a better one, but I need a juicy name for it.
Watch this image (corporation website is totally random and irrelevant): http://www.digitalaptitude.com/blog/project-management-software-streamli...
Kicking the bucket.
They move them in unison so well. If you just put on "dance of the sugerplum" and stare at the charts........
I see a cliff.
I see sock puppet markets...
I see dead banksters...
Think you're right. Desperation... If they cant hold this, things get interesting.
If "interesting" = "global implosion and the end of life as we know it"... then yes... things will be getting interesting.
Wi Tu Lo
What a waste of currency. It's going back down tomorrow. I know! Let's get a pail to bail water out of this sinking ship.
Nice fucking avitar
I am going to sell a few fiats to short this fucker.
It's like whack-a-mole, but as soon as your beat one board (e.g. market) they add five new ones.
Complexity theory in action, we're in the asymptotic phase. TPTB will not be able to control everything, everywhere, forever.
Much as though I don't want to see anyone harmed, I do want to see these control freaks faces, fingers and attitudes burned so far beyond recognition it'll be a thousand years before it's ever proposed again that markets should be controlled by central banks.
Bingo.
Better we just get rid of Central Banks and the private banking interests (that create our money supply out of thin air as debt) that own them. This shit has got to stop.
100% reserve banking only after the collapse and the right to create money reverts back to the nation.
Much as though I don't want to see anyone harmed, I do want to see these control freaks faces, fingers and attitudes burned so far beyond recognition it'll be a thousand years before it's ever proposed again that markets should be controlled by central banks.
Well that is not exactly what you wrote that followed that line of disingenuous bullshit, is it?
Personally I want to see EVERYONE who was COMPLICIT OR SUPPORTIVE HARMED...in a Thermonuclear Firestorm...MYSELF INCLUDED.
And I am planning to stick around just to exact the most TORTUROUS REVENGE that I can think of.
FUCK...THEM...ALL!!!
Yes. Audience Participation Night is going to be one HELL of a Firestorm of a riot.
We deserve GLOBAL EXTINCTION.
"We deserve GLOBAL EXTINCTION."
Be careful what you wish for because it may actually be part of their plan... and I'm not saying we don't deserve it...
Be sure and bring your flamethrower to the party. Napalm is not that hard to make.
A little Gasoline...a little detergent...and a little Oil.
Ah the cleansing fire...
Life and Death are set before you upon a table. By all means choose Death.
We are passed the asymptotic stage. We are now in the grab your partner do-se-do stage
Interesting and fun to watch.
it's just the free markets working.
nothing new.
This BULLSHIT is the connected Trading Desk's WET DREAM.
Central Banks are gifting money to the 1% and the TBTF Trading Desks that actually play equities.
Equities go up and the holders can use them for further leverage and present them on their balance sheets as value/assets; but, if equities go down there is a bid to buy so that leverage isn't unwound at a loss and balance sheets don't get nuked.
This is a transfer of wealth to the few whilst the Citizenry are left on the hook for Hundreds of Billions if not Trillions of fiat with interest.
..& the small player/invester gets whipsawed and cleaned out and gets liquidated as their share blocks are not large enough for the Central Panners to bother to bid on...
It would be more moral and far more economically useful to let the markets correct and simply send people checks if this kind of 'stimulus' is going to be blown.
ThroxxofVron,
thanks' this is cool, I sort of understand now how this financial game is being played. What will happen when the equities in the companies being held are found to be overvalued or no longer needed for leverage? Will they try to sell them to a bigger fool or will the governments, PPT, keep on buying them from the 1%? This is really doing my head in as this manipulation, imo, will lead to revolution. Morals and ethics are no longer relevant "GREED IS GOOD"!
Mopar
I wonder how many billions of dollars they just spent in the last three hours to get that unchanged.
I was wondering the same thing. How much longer can they afford to prop it up? That's wasted money the government could have used elsewhere.
Ctrl-P
Works until it doesn't
Like trying to apprehend you.
CNBC stopped displaying the gold price under precious metals. Now it's just silver, platinum and copper. Punks.
If you hadn't told me I would have never known.
Fuck CNBS.
The good news is that China's done.The bad news is that when China's done,we are too..
Very interesting to watch the rotation of the Chinese Communist Party's joint 401k out of hard asset fx and into felix domesticus mortis Shanghai stocks.
And we think our pension plans are screwed...
https://www.youtube.com/watch?v=wSG0-9UAADc
Oh fuck me Rusty... that better not have come from NASA.
I am still expecting the New Horizons mission to start sending back images of alien structures on Pluto and Charon. And I know it's coming... because Rockefeller Obama.
lol, you have no idea...get your hip waders on.
There is what appears to be a Iron sphere floating about 3ft above the surface here...straight from NASA, at 9 oclock zoom in crater.
http://mars.nasa.gov/msl/multimedia/deepzoom/PIA19397/
https://www.youtube.com/watch?v=GeZOZ-9rFZY
Kill me... just kill me right fucking now if these muttonheads end up buying this spherical levitating load of horseshit and space aliens thing...
Fuck!!!
Stolen orb from Youranus !
Yellen will have no choice but to QE with all the Treasury paper that the Chinese will be dumping to raise cash. Who's gonna buy all those Treasuries? Belgium? I don't think so. They're too busy trying to prop up Greece...lol.
Our commies can whip their commies any day of the week.
They have to get the market back up later tonight. Otherwise margin calls soon come into play. I doubt even the Chinese government can keep it supported if the amount of stock bought on margin is as bad as we've been told it is.
It's Micheal jackson bad.
Like sands through the hourglass, so are the days of our life.
My understanding is that if I play double-or-nothing long enough, I'll eventually break even.
Right?
Like sands through the hourglass, so are the miserable days of our f'n pathetic lives. There, fixed it for ya.
Right, but something also inside you breaks and you are now a broken person who has made no money.
who is buying the USTs being liquidated by the Chicoms to raise cash to buy severly inflated Chi junk stks? Who needs them or wants them? if jelly yellen is actually going to raise rates, who is the outfit that is the "sucker?" Consider the quantity involved -way beyond the usual daily trade. And BTW while the Chicoms don't want to use their own currency - too dilutive -- what is the acquirer using to offset/hedge the UST purchase? Selling yen? ad infinitem? DX goes up; yuan does too, JPY loses all around. Wmmm? And the Aussie and NZ and Canadian dollars? the mining jurisdictions? Hmmm. Makes for cheaper acquisitions - NO????
"who is buying the USTs being liquidated by the Chicoms to raise cash to buy severly inflated Chi junk stks? "
I dunno.
Ok. NO, that's not true: I sure as fuck DO know...
-Who bought tens of billions a month for years with fresh digital baloneybux?
-Ya know they said they were gonna re-invest in USTs and MBS as they rolled off and coupons came in...
Guess, and I'll tell ya if your gettin' warm.
I have my metal and some time. Fuck them.
"who is buying the USTs being liquidated by the Chicoms"
Always suspect the FED. There books are so cooked. Like their throwing liabilities in the garbage.
https://www.youtube.com/watch?v=522vYcQQfcI
And must get VIX DOWN
http://finviz.com/futures_charts.ashx?t=VX&p=m5
China also wants to regulate the temperature
Anyone here play Deus Ex? Did you go for the 3rd option at first? The thought of a meddled AI in the first two, you just thought better to unplug it. They tried that in Weird Science as well. But it was too late. Will she really look like Kelly LeBrock?
Everything's going to dust looks like the CB's will have to get together and agree on a revalued gold to back stop this whole pile is shit they call humanity. If no agreement China says fuck it were doing it any way. Here comes another release of more Chinese gold reserve increase and another and another and another.............
Using currencies to manipulate a stock market? That'd like steering a canoe with the rudder off the Titanic. It'd be much, much cheaper for the PPT to buy stocks directly, viz...
"Forex is estimated to be a $4 trillion a day market, with most trading concentrated on a few major pairs. This dwarfs the dollar per dollar volume of all of the world’s stock markets combined average only about $84 billion per day."
Better look elsewhere for the cause of the correlation.
I remember when the Asian crisis was caused by fraud in the Thai real estate bubble,
a bank failed,and because everything was leveraged to the moon,with cross holdings,
all of a sudden the Korean gov't was asking women to turn in their gold wedding bands.
Perhaps if some fifty or so of the Wall Street hotshots were doing twenty to life in Sing-
Sing,all of the 2008 cankicking would make sense.It is all a failure.Now,another war....
Kredit-Anstalt,1932
We all knew it was just matter of time before a CB would lose control. When all they have is CONfidence holding up the illusion of the "markets", once it's lost, noone can turn a blind eye to the emperor with no clothes and a flaccid dick.
The Aussie stock market also had some beautiful paranormal and supernatural "market movements" today.
BTW your most recent blog post was superb
Thanks for that, really appreciate it!
It all looks like 1920's America.
The financial sector, that can never spot a bubble, have been lending money into the one way bet of the rising Chinese stock market.
Were their shoe shine boys giving stock tips?
While the bubble is inflating people get the true joy of Capitalism.
Making money while doing nothing.
Markets are irrational and have been since Tulip Mania in 1600's Holland.
Do not look for rational explanations, the prospect of easy money turns human beings into gibbering idiots.
Stocks, house prices, <yet another asset type> are going up in value.
I have heard of someone who has made lots of money, I want in.
I am making money, I need to borrow money to carry on investing and make more money.
Gibber, gibber, gibber ....................................
The bubbles burst; I am going to be ruined.
No more gibbering, till next time.
Tulip bulbs ..... gibber
South sea company .... gibber
UK Railways (1800s) .... gibber
The new internet (pre 1999) .... gibber
Sub-prime ..... gibber
Property .... gibber
Apple .... gibber
Social media .... gibber
Emerging markets ... gibber
Easy money ..... gibber, gibber, gibber
Are there any other bubbles bankers can lend money into?
Debt has been around for 5,000 years but bankers still don't understand their product.
"What is wrong with a NINA (no income no asset) mortgage?" US banker pre-2008
"What is wrong with lending more money to Greece?" European banker pre-2010
"What is wrong with lending more money into real estate?" Japanese banker pre-1989
Banking, a job for every nation's half-wits.
"We are only supposed to lend money that can be paid back?
Are you sure?
No one told me" the typical banker
It worked!
Shanghai was up 38 points.
Europe is green across the board.
Dow futures are +47
So sick of Fed/JP intervention.
Europe better watch Finland now as its their problem child.
Mitsuhirato is the man behind the red curtain.
I (usd) can't get any stronger
I (s&P) can't climb any higher
You'll never know just how hard I've tried
Try to get a little longer
And squeeze the spread a little tighter
Margin calls can't be satisfied
You look up at the index board
And somewhere in your mind you see
A market, I'll never be...
[/Boston ripoff]
Could somebody please explain to me how the Fed/JCB can shore up China's stock market?
It was my understanding foreigners - and foreign entities - are prohibited by Chinese law from owning equities. If I am wrong, please correct me.
I'm lost on this one.
Chinese A shares are only for domestic consumption-no foreign investment allowed. (these are the shares that have been stopped from trading (down).
H-shares traded in Hk are the conduit for foreign investment but severely limited, but not the target (or excuse) for the domestic market decline and rescue.
In short, you are correct.
This is an internal problem.
Thanks for the explanation, it's much appreciated!
The OVERLEVERAGED carry trade...
Lets see - the basic PPT trade seems to be: short yen / long Shanghai.
There is no realistic exit from this trade - it's going in the bottom draw of the PBOC.
But what about the long term? Under what senario does this trade win?
One that comes to mind is China war aginst Japan - with China winning.
I'm reminded of the "Thyssen Spread" - short Reichmarks / long Dow in 1939.
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Collosus, Guardian, Skynet and Jade 2 have completed their connections. They are now in sync.
Team PPT hell yeah!
the fuckers are covering their proxy shorts. this was an orgnized zionazi takedown that they lost control of when they realized it was going to cost them a lot of their own money if they continued. that is why china pegs to the dollar with a stronger currency. this shit may work on poor south american countries and in 1997 but not with a country with a strong currency, huge economy(although it worked on japan in the 90s)with huge dollar reserves not to mention gold and an alternative to the dollar with their fellow brics.. oops, you fuckers.
QUICK! Re-inflate that bubble! Look! Mega Maid (Yellen) has gone from "suck" to "blow!" (Courtesy of Spaceballs)
https://www.youtube.com/watch?v=O7aeWQCF1jM
Well I guess this is it, the markets are controlled, and gold is suppressed. They made these changes after '08 to insure it could never happen again. With everyone's 401k riding on the market it is simply too big to fail. Makes a great case for BTFD.