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China's "Judgment Day" Arrives - Malicious Sellers Slam Stocks Below Communist Floor
Chinese media are describing tonight's market action as "Judgment Day" for China, as SCMP's George Chen explains, the crusade of 'malicious short sellers' against the Communist central planners and their 'funds' is in full swing. The "manage-the-economy-by-technical-analysis" strategy appears to have failed as Shanghai Composite has broken notably below its 200-day moving average - which six times before has been defended aggressively. Chinese Stocks are back at 7-week lows, just off the crash lows in July.
- *CHINA'S SHANGHAI COMPOSITE FALLS 3% TO 3,552.82 AT BREAK
- *CHINA'S CSI 300 INDEX FALLS 3.1% TO 3,646.45 AT BREAK
The big showdown - can the 200DMA be defended... or more crucially, the July lows!!
Chinese media describe today as another "Judgement Day" as short-sellers fight back against Communist funds amid futures delivery deadline!
— George Chen (@george_chen) August 21, 2015
If you believe in the power of Communist Party, now it's time to buy as key index falls below 3600s "policy bottom" again? Rebound later?
— George Chen (@george_chen) August 21, 2015
Charts: Bloomberg
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Fuck me....time to get my broker out of bed and BTFD! BOOM
Malicious sellers in China, Malicious buyers in the US
Communist, capitalist...anyone see the Alex Jones David Duke interview, man alive...
Alex Jones is such a fat turd
Sum ting wong. Chinese water torture for you, short serrer!...
Despewhat Chinee patiots. You must mug the showht seweeahs in the name of the pheople wheeblik!!! Oh you tel pheople abouht hypocowhasee? Yu wohse than showht seweeahs!!! Yu khnohs bweak whoks with tihny pihkaxe in kemikwal plahnt.
English motherfucker, do you speak it?!
#41
The verdict: -4.27%
China markets, you have been judged and found wanting. I hereby sentence you to 7 years of bear market.
Looks like their PPT tried to float it ... almost worked. Almost.
shit eventually sinks...
world markets are entering the pre panic mode.
the lock limit down day is just around the corner
dow down 800-1000 soooon, to wake the sleeping 401 ers and pensioners alike.
we got a problem
way too many promises
and not enough payers for the payees.
times a changing
deographics(math) determine a future that is dismal.
ponzi meets reality of debt at 3 x >gdp...
Who the fuck is this George Chen guy?
He's plagarizing my lines! ;-)
Hows about you and me go in the back room, and do a couple lines.
You got the Peoples Powder or the Red Rock? ;-)
No , all I got is red turds and a marroon toilet, had to pay extra for the toilet too.
It's a joke motherucker, get it or are you too numb bitch #41?
Duke was reciting the facts that Jews run the banks, the Southern Poverty Law Center, Harvard University, the New York media, Hollywood and a whole lot more. Not bad for 2% of the population. These are simply undeniable facts - there is nothing anti-semitic about facts. But AJ was running scared from what DD was saying - I've never heard Alex be so sympathetic, and quite frankly deferential, to the powers that run the NWO. I was reminded of the very deep conspiracy theory that AJ is one of them, sent out to discredit any dissent.
http://www.avclub.com/article/video-offers-irrefutable-proof-bill-hicks-...
https://en.wikipedia.org/wiki/Bill_Hicks
Plus one for letting me know the length.
Such horrible hypocricy this banking system model creates a longer sustained length of speculators during the bust phase and then the co-partner governnent blames the same speculators. It reminds me that those with the real guns will throw you under the bus in a microsecond.
Also, If you lobby for money and play that way the devil just might ask for his due. I was once told "be careful what you wish for in Washington, you just might get it." It is sage advice.
After 10 years as an infowarrior I can tell you that the comments section of articles on infowars is a place where anything goes.
Or so I thought. After watching the 'debate' I posted this thought. "David Duke made Alex look like Rachel Maddow"
After 10 years of defending Alex against all manner of accusations I was blocked for that one criticism!
And now you know the truth.....at least you learned it and it only took 10 years. Now you can move on and discover even more 'truths'. Congrats!
You are almost right we Jews control your mind as well so better put on your aluminum foil around your head. Yup I guess we control everything because of our Alien alliance and all those faked achienvment scores that got us those Havard scholarships etc. It seems the helpless rest of the world keeps hiring us to create Google cure diseases and provide you with your internet etc. Have some sympathy and how about some time off? It was tiring to give you your religion culture and law. Your right about the 2% in America but its more like .002 of the world's population which is interesting since we were awarded 20-30% of all Nobel Prizes ever given. I guess just another conspiracy. Hey just sit back with another six pack and blame everyone else for your own ineptitude.
Sounds like y'all control Area 51, the College Boards, and the Nobel Committee too!
No they just control the federal reserve. Thats all you need.
"You are almost right we Jews control your mind as well"
No, you used to. I've for one have woken up and done some research.
I no longer believe that a mystery book written centuries after a bloke (for whom no factual historical record exists, only folklore) who was claimed crucified by his own tribe for not being a good enough supremecist, in a dry desert country in the Levant 2000yrs ago, has much to do with my Norse/Celtic/AmIndian ancestors (therefore my story). I was, however, brought up Protestant Christian, and on the whole abide by the general tennets of Mr Moses 'Ten Commandments' in daily life, though I prefer to regard them as 'serving suggestions' because I'm not a good slave who responds well to commandments. I prefer free will of a flesh and blood human, who takes responsibility for my own decisions and actions - but I digress...
Congratulations on shimmering so gloriously in the reflected light of your co-tribalists achievements, but that technique of totally ignoring the crimes and brutality of your 'tribe' to make a 'glory point' is old, corrupt and threadbare. Did the Nobel prizes handed out to all you brilliant people have the same credibility as Mr Obama's 'Peace Prize'?
Omni...While I would differ with you on your brief explanation of the foundation of Christianity, I'll save that for another day.
Otherwise, very well said!!! For all the accomplishments of the Jewish people, every true freedom loving person with intellectual honesty (that would be virtually all of them) must question the harm brought to the West by those very same people. After centuries of persecution in a variety of states, the vast majority of Jewish people seek refuge behind an almighty government that is malleable enough to be pressed into a form to serve their interests. Their influence in higher education, Hollywood, news media, and government has brought incalcuable costs to freedom in this country. The Jewish people never setteled in one geographical area and formed a country. They just migrated (or were chased) from one area to the next finally settling in the U.S. They have found a safe-haven where they can peddle influence under the guise of civil rights for blacks, multi-culturalism, diversity, global hegemony, etc. in order to provide a safe area free from "anti-semetic" thought. Yes there is an Isreal and how would it have existed without massive aid over multiple decades from the U.S. ? Yes, they have absolutely hoodwinked a generous, sympathetic, and gullible Protestent and Catholic majority for the past 100 years. It starts in the government schools (with massive income redistribution and federal mandates) which distort history and manufacture guilt on white America. Do any middle class and above Jews send their children to government schools? That continues on for the rest of your life via the mis-information networks. How many thousands of times do we need to be reminded on cable networks of the Holocost of the 30's and 40's? This serves a s a constant reminder that you are not allowed to criticize Jews or even point out obvious facts such as the debauchery of the entertainment/financial/news/higher education industries. And, I think they are overplaying their hand. For example, who is funding "Black Lives Matter"? One can hope that more and more people wake up and understand the root of the problems, not likely but possible. A compelling case can be made that individual liberty is not in the best interest of the Jewish people.
theeseer
I have no issue with Jews. I have an issue with control of credit and money.
I know you are speaking with tongue in cheek, but I always wonder about Jewish strategy. For all the short term benefits to the few, doesn't the long term guarantee hatred from the neighbors ? How wise is that ?
And while I am on the topic- for all its historic attractions, isn't planting little Israel in the Muslim middle east just a little bit asking for trouble ? Hell, most muslims hate each other, so did anyone expect killing them and confiscating their land to end up with heaps of love being sent back in return ?
And whether it is one or two generations, what happens when the USA cannot or will not back every Israeli action. Does anyone expect that Israel will rush back into the arms of Russia again.
Just asking...
2 hours long.
https://www.youtube.com/watch?v=VuXNMkBJbNg
I was the first caller and called jones out on air for being PC.
Doubt I'll ever be allowed back on.
This all reminds me of, in part, some lyrics...
It all returns to nothing, it all comes
tumbling down, tumbling down,
tumbling down
It all returns to nothing, I just keep
letting me down, letting me down,
letting me down
You'll know the SHTF when George disappears into 'administrative detention'
Kermit with an AK...
...and a gangsta hat.
That's a badass frog fo sho.
+1 for the green little bastard with ping pong ball eyes...
m
short this beeatch
This only needs to be heard..........
https://www.youtube.com/watch?v=deSjbOmW48U
No it doesn't.
Now that's a free market!
OK ya all...I love it when u speak Chinese...som ting Wong...etc...give it your best...me rove u rong rong time etc... Give it to me baby
"The Force, Politburo, use the Force."
All I know is that trade covering from the China outflows back into the Euro has put the eur/usd in a really good short scenario later.. The European equity markets are getting hammered and the eur/usd is way overbought.
Actually an eur/aud short looks pretty good to. That's trading 2.5 standard deviations over VWAP on the daily chart.
Thanks YC. Your comments are always valued, by me at least :-)
The only thing propping up the USD was the misguided belief that the rate hike was coming and that the US economy was "thriving"... the aforementioned was merely dependent on the supporting data that was soon to appear in the next release. Close to a year later, we are still waiting for the data and rate hike.
So why should the USD continue to move higher?
EUR/USD has a lot further to move. Short at your own peril.
They are NOT "communist". Chinese cannot be "communist".
They are Chinese. There's a monstrous side to that. But there's a fine and beautiful side too.
Get used to paradoxes. Your very existence is a total paradox.
Fucking ey, that's deep lol
Yes, life can be very deep. Very deep shit. Try not to step in it.
I just got back from Cambodia. Even this shit hole has got a small property bubble going. As well as a consumer credit bubble.
This shit is just getting started.
Here in Thailand where the bombing just happened this shit is really going to hit the fan.
Long gold in Thai baht......
Phonetically, that sounds very, very wrong.
That sound very, very wong but two wongs dont make a wight.
I do love all people but if you cant poke a little fun life is too dull. Besides, they put pee-pee in my coke.
Don't two Wongs produce wonson?
Gotcha trumped... :>D
hahahahhahahahahahhaha best one I have read today :) But it might be the only safe place to keep it LOL.
China should ban all short selling of shares, make it compulsary for echanges to check settlement records and make sure you own the shares before accepting a sell order. That would clean up the market a lot.
You mean clean up the market from artificially inflated margin buying and government printed purchases?
The short sellers are just keeping them honest
China, your staff is broken.
This is a conspiracy. That's what it is.
One...big...damn conspiracy. And everyone's in on it.
-Warden Norton
Mayhem - Nearly pissed myself. Nice :^D
Hang Seng going off the cliff, down 2.6% and 10% in 9 days. The monthly chart makes a return trip to the Sep '11 low around 17000, down another 25%, look easy, and quick:
http://www.investing.com/indices/hang-sen-40-advanced-chart
What's the YTD return on the SHCOMP?
+11%
Judgement day? Really?
How about month since the start of the year Lots of (now poor) folks got hammered hard and lost their shirt.
central planning meets technical analysis.
With your contribution of 19.95 a month stant will help the poor short seller In china. Who have been denied thier profits.. Mail checks to rev stant.com.
not that thre's any good fundamental reason for the chinese market to stay as high as it is, but considering the barrage theyre throwing at it and how expert the fed-atel-spoof appartus is, anyone else suspect that the 'malicious short sellers' the chinese govt is railing against might ACTUALLY exist in the form of the good ol' yoo-ess-ay? ie, we'll teach you to question our hegemony
I don't buy the conspiracy theory, its selling to cover margin, profit taking, pull out from asian momementum, and short selling in the knowledge that the above will continue for at least a few weeks.
Hmm...
I read on ZH that there were 75 million margin stock accounts in China before the crash started.
And I've read on Wiki that there are 1,375 million people in China.
75 million is 5.4% of 1375 million.
Lots of hype, eh?
you sir are a bit of a retard. you would never use the total population as the denominator, only the % with a significant equity portfolio. My guess is a fraction of the overall population.
Good point. You can't say something is hyped until it gets close to 100% saturation and every baby's first words are praise for it.
You're assuming the entire population can invest, most don't have the money. Wealth distribution is far lower than the West.
Do your math over using 1.375 billion people. That's where your error is.
There is no error,
1.375 billion = 1,375 million.
There are one thousand millions in one billion.
Perhaps I should've added /s.
/facepalm
No number Friday for the USSA. That's prime pickins. Watch the yield curve. If bonds don't hold.... low volume ramp fest 'engage'. PPT style.
They're buying FUTURES with free money as directed by the NYFED. Be careful. A leak of a rate hike delay will turn dis mutha out!
Took a peak at the shiney tonight. It's still there ;)
Communism ends in a big stock market crash, who could have thunk of it? If only Karl Marx could see it.
It can't be Bill hixx........His ears are diffurent
I think they can do it because I could F'n write a program to buy up any market if somebody gave me a source of infinite fiat. But, I'm pretty sure the NWO is planning worldwide population reduction at this time. There can be no financial system based on continuous growth. We are at the limits and now some of us F'ers must die bitchez.
#slanteyelivesmatter
#roundeyelivesmattertoo
Wake me when the Fed doesn't show up just in the nick of time....again
This means I can finally link to a youtube video!
https://www.youtube.com/watch?v=mpMg1upld0w
I love the instrumentals in it.
Interest rates could rocket to .0000000000000000000001% at any moment. Prepare accordingly
My expectations, too. Fed has all but promised an interest increase. Reneging would destroy their (non-existant) credibility. They have to make a symbolic increase.
Asians love gambling.
If China's central planners are anything like American central planners.........they're printing and buying up everything, equities, real estate, the entire market as well as Ashley Madison memberships all on the state's dime.
If I were China......I'd buy up the entire US stock market and all the corporate influence that comes with it.
I'd buy Hillary's masters.
The way things are ramping up around the world, I think the Tyler Durdens will have to go on a 24 hr shift cycle to keep up.
The stupidity of the Chinese Government is proving expensive. Having intelligently retiained ownership of their central bank they then proceeded to open up the Chinese market to western investment banks that invested money the Chinese did not need into the Chinese market and took profits out of China that should have stayed and been reinvested. Now they are seeing their sharemarekt-which they also did not need as they can create whatever money they require decimated by the investment banks that never should have been given access to their market in the first place. Dumb and dumber.
I want to increase my shorts and can't see how the Fed can launch QE4 yet without losing all credibility and potentially making matters worse, but could there be one last surge from the PBoC?
all they have to do is jawbone - ie another bullard event.
Nearly everyone reading ZH believes there has to be a shake out of current pricing and debt levels, and I think the Feds in a corner and the PBoC has too much to deal with.
Apart from problems in the regional real estate, shadow banking and the stock market, it now has Tianjin which could disrupt supply chains and cause civil unrest. Its an emerging market with global impact, its a top export market for virtually every developed economy. I don't have the tools to research it but I'm wondering if there could be rehypothocation problems with the falling commodity prices, or how the surging dollar v EM currency will impact bonds and other loans.
It astonishes me when I see Aussie idiots from Macquarie on Bloomberg telling me this is a buying opportunity.
So a close >3500 is bullish, no?
PBOC in control?
http://www.denk-bubbles.com/
Simple pump and dump. I've seen comments on-line that they're just watching what stocks the Chinese gov buys to support when they crash, buy them just before the Chinese plunge protection team steps in, sell them at the high which then brings the price down in panic selling, rinse, repeat.