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Time To Pull Out The Nasdaq/China Comparison Chart

Tyler Durden's picture




 

Following the most recent Chinese market rout, Deutsche's Jim Reid updates a chart he used back in early June comparing the Shanghai Composite recent performance with that of the NASDAQ back in 1999-2000. This is what he says:

The ascent was very similar back in June and now the decline is pretty much on exactly the same path. So the NASDAQ '99-00 has almost been like having a stock almanac for the recent Chinese experience. It reminds me of Back to the future II where Biff steals the time machine to take a sports almanac back to his younger self in order to make millions betting on these events. A great film. Although having only watched it recently again, I was amused to note it largely takes place in 2015 and everyone has flying cars. So perhaps the pace of technical change is not as great as was anticipated back in the eighties!

True, but BTTFII never anticipated the massive economic impact of "eyeballs" on technological progress. Anyway, here is the chart. If past is indeed prologue, now may be a good time to buy some Shanghai Composite calls, especially with China's desperation getting more profound with each passing day.

 

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Wed, 08/26/2015 - 08:01 | 6472063 new game
new game's picture

nice ski slopes

expert

beware

ha

Wed, 08/26/2015 - 11:54 | 6473336 OrangeJews
OrangeJews's picture

Oh boy do I remember those days!  My CMGI, GNET, TQNT all up like 10% a day... until it wasn't.  Absolutely incredible though when you look back on it.  Just glad I'm able to learn and not repeat.  Get physical!!!

Wed, 08/26/2015 - 08:03 | 6472066 Oldwood
Oldwood's picture

I would imagine we can find lots of similar graphs to overlay to prove the point.

We don't need no stinking graphs to plot this course, only we do not know the timeline or trajectory, which is ultimately only of value to those players already precipitating this disaster...the gamblers.

It should be enough for everyone else to simply know what is not sustainable will not be.

Wed, 08/26/2015 - 08:03 | 6472069 Budnacho
Budnacho's picture

Jeez, they even copy our shitty stock-market poorly....

Wed, 08/26/2015 - 08:07 | 6472080 XAU XAG
XAU XAG's picture

@Budnacho +100

 

That is F*~#ing funny

 

And are you copying the English sense of Humor.................Good Job 

 

 

Wed, 08/26/2015 - 08:14 | 6472100 lactam
lactam's picture

Shit, that was brilliant.  I logged in just to +1 him.

Here in Canada, we had the Chinese copy one of our SLOWPOKE nuclear reactors in the 70s by sending teams of academics on exchanges.  The copied it down to the misspellings on the panels.

Wed, 08/26/2015 - 08:06 | 6472070 cowdiddly
cowdiddly's picture

Hint DB Reed; It aint about their stock market, thats a western mind trying to comprehend an eastern strategy. They want yer "Pretties" argh!

Wed, 08/26/2015 - 08:06 | 6472078 Monetas
Monetas's picture

Tesla is working on flying cars .... slight problems remain .... battery weight .... and fire safety !

Wed, 08/26/2015 - 08:08 | 6472079 new game
new game's picture

all i know is every market world wide is going down.

overcapacity in a world of too much debt.

pretty fucking simple...

Wed, 08/26/2015 - 08:10 | 6472085 FreeNewEnergy
FreeNewEnergy's picture

So, does this mean planes will crash into buildings in Shanghai sometime in September/October 2016?

Wed, 08/26/2015 - 08:11 | 6472086 readyforit
readyforit's picture

Silver pile driver is working on schedule.

Wed, 08/26/2015 - 08:15 | 6472106 thegazzman
thegazzman's picture

i read this chart as BUY BUY BUY 

Wed, 08/26/2015 - 08:17 | 6472111 XAU XAG
XAU XAG's picture
thegazzman
Vote up!

0
Vote down!

0

i read this chart as BUY BUY BUY 

 

 

DON'T GIVE UP THE DAY JOB!

Wed, 08/26/2015 - 08:30 | 6472155 thegazzman
thegazzman's picture

if the chart follows there is a short term 45% retrace. do you even trade?

Wed, 08/26/2015 - 08:42 | 6472192 d edwards
d edwards's picture

Or is it bye bye bye? ;-)

Wed, 08/26/2015 - 08:30 | 6472157 roadhazard
roadhazard's picture

If we only had more countries we were dependent on for our survival America could be great again. 

Wed, 08/26/2015 - 08:50 | 6472225 aardvarkk
aardvarkk's picture

Screw the flying cars, I just want a hoverboard.

Wed, 08/26/2015 - 09:27 | 6472448 RopeADope
RopeADope's picture

I see what you did there...trying to create a little rally by showing some pretty pictures do the pattern susceptible human brain.

Did ZH just pull a Mike Mayo?

Wed, 08/26/2015 - 10:25 | 6472798 fowlerja
fowlerja's picture

I see the big picture now...guess I need to go back to farming..you work harder..but at least you get something in return...

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