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Chinese Man Jumps From 17th Floor In First Stock Market Casualty
It appears the collapse of China's stock market has officially taken its first victim. While we have heard from desperate farmers who lost everything after realizing that making money in stocks is not easier than farmwork, RT reports that a 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building with a black briefcase "full of stock-related materials," local press reported.
As we previously heard from one Chinese farmer,
From the hope-filled exuberance of early June to Yang Cheng's utter hopelessness, "I have lost everything," after he followed the government's 'grand plan' to open the economy and encourage stock market speculation.
Having piled his life savings (plus his relatives' money) into the market, thanks to encouragement from his broker he borrowed $1 million in margin and bet it all on one stock - a local mining company.
Now, after being forced to liquidate by the same risk-encouraging brokerage, he has suffered catastrophic losses... and he is not alone...
"I don't know what to do... I trusted the government too much..." he exclaims, adding "I won't touch stocks again, I have ruined everyone in my family."
And now, as RT reports, it appears the crash has claimed its first victim,
A 57-year-old man has allegedly committed suicide in Shenyang, the largest city in Liaoning Province, by jumping off the 17th floor of a building, possibly in response to a recent stock market crash in China, local press reported.
The building belongs to the city’s Chamber of Commerce and the 17th floor hosts a security exchange center, China.org reported citing a local newspaper. The incident took place Tuesday afternoon at around 2:00 p.m.
According to a witness, a black briefcase ‘full of stock-related materials’ was found on the ground next to the body of the man who was reportedly identified as a local resident.
While authorities are investigating the reason for the dive, it has been suggested that the suicide was connected to the recent stock market crash.
Be careful who you tell about this though...
Last month, Chinese authorities arrested a man who had allegedly been spreading rumors about people jumping off buildings in Beijing because of a stock market crash, China Central Television reported. The 29-year-old man allegedly wrote on social media that “there are people, because of the stock market crash, who have jumped off buildings in Beijing’s Financial Street.”
The post in question disappeared the day after it was created, thought to have been deleted by the state censors. Its author was detained for “disorderly behavior.”
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Who's next?
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Video?
Did he jump from his hairdresser's advice studio?
Can someone please push Jamie Dimon out of his window?
... he didn't buy the dip...
He should have gotten a job in a Chinese factory making nail guns for suppliers to Home Depot and Lowes.
Sound he made when he hit- "Ping".......
Ho Li Fuk
Jum Pyu Fuk (ers)
He had Hillary's hard drive in the briefcase. She told him to not let it out of his sight and find a way to destroy it beyond repair. He was just following orders.
"Sprat."
Jump, you fuckers !
https://www.youtube.com/watch?v=yge311sFhC8
Time to go long on the folks that manufacture netting used in circuses. Need to find out who Apple uses in their Chinese facilities.
Dimon deserves no less than a public execution in front of cheering crowds......
Yes (rolls eyes), you can be buried with your cufflinks.
if i had my choice, blankfein would be the first to be pushed with dimon a close 2nd. either one would be a very good start.
What an asshole. He could've handcuffed himself to a few other brokers and taken them with him.
He threw away his life, it seems.
Not banker?
I guess jumping into the markets can lead to jumping out of buildings?
He found the market bottom.
In modern Keynesian market, bottom finds you.
Het did hit his stops.
There was no dead cat bounce. I guess he skipped lunch.
Probably had some charts from Cramer in his briefcase.
A nail gun to the back of the head would have been much cleaner.
Silly orientals...here in the west the bankers are thrown from buildings.
Incidentally, that is the preferred CIA method for assassinations
more "transitory" issues at caterpillar:
Caterpillar plans to lay off 475 more employees due to declining sales, Reuters reports
Caterpillar plans to cut 475 more jobs in an effort to cut costs amid declining revenues from global mining and construction activities, Reuters reports, citing a statement from company spokeswoman Lisa Miller. The move comes after the company announced 270 job cuts for Illinois employees, the report says.
http://www.reuters.com/article/2015/08/27/us-caterpillar-layoffs-idUSKCN0QW29520150827?feedType=RSS&feedName=businessNews
Jump Dimon, jump Blankfein. Be patriots for a few seconds of your lives,
They are having too much fun throwing other people off buildings. Hopefully some Patriots will emerge and fling the psychopathic rats over the edge.
Miffed
My takeaway here is that if the globalists win the ongoing war, we'll be a LOT more heavily censored. . .
Tragic. Someone may have a warped sence of humor if this holds as the C wave top. The Dow just printed 16666.69
I saw Satan laughing with delight
The day the music died
WTF? This is getting weirder by the day.
He should have just held on a bit longer ... things were about to turn around.
https://www.youtube.com/watch?v=VlVmdGiAH2A
Death by Margin...
They are always killing themselves or expiring over sewing machine at 12 yo, China is a sick place.
So, are commodities reversing from the dollar on the same day that it hits mainstream that China is dumping treasuries? WTF over?
Short 1 unit of Hope and Long 2 units of Sidewalk...
He should have taken a job at FoxConn. They have measures in place to prevent this sort of thing.
In Toronto we call this a Garry Hoy".
I spent a lot of time in Shenyang. It's not unreasonable to kill yourself just for being there
Too bad that he isnt too big to fail there for his life means nothing.
Play that funky music, white boy.
https://www.youtube.com/watch?v=qe1ScoePqVA
Lesson learned: better trade bananas
Did the onlookers wait for the bounce?
Te needed moar patience. China's CB still has not caught on to the where's and how's of,"The Joys of Stawk Manipulation," co-authored by Alan Greespun and Ben S. Bernanke.
When they do figure it out, their stawk market will be at 20,000 easily.
first rule: you do not talk about flight club
In 'government we trust' ?
borrowed a million dollars to buy one stock?
So basically he went to the roulette wheel and bet it all on black. This is nothing more than pure gambling made big. He probably would have put it on a wheel but the government would never let him borrow that kind of money to gamble on roulette...'because that would be considered crazy'
So who was the clown that took this guy's order? No checks in place there? Did no one see this order go through and raise eyebrows.
Isn't it amazing how these things are always OK when the stocks (houses, tulip bulbs) are rising but everyone can see what a stupid move it is when the bubble pops?
He got inspired by the charts.
I guess he got rid of his margin account with that jump
So these people got into a market after it went up what, 60% in half a year then dealt with the big drop since then and I am supposed to feel sympathy for them because they didn't have the brain power to grasp that something that goes up 60% in half a year probably isn't wise to put your life savings into? Hilarious if that margin guy who put it all in one stock actually had a nice gain early and didn't cash out because he was greedy.
But hey, let's just blame everyone else because we couldn't use our pea-sized brains to figure out something so simple. Just another example of this modern world and how it's the blame game bullshit and nobody ever looking to think for themselves. After all, they are too busy with their cell phones and other gadgets to deal with the hardship of thinking for themselves.
A fair bet that no nailgun toting hit person risked their life 'helping' this unfortunate being?
Confucius say, man who leap from building, jump to conclusion
RIP Mr. Sprat
First? I think not. Maybe the first case that's managed to get past censorship.
At least they are Chinese. Were this the Japanese, me thinks they'd be like Lemmings.
Maybe he thought he could fly after the government reassured him that it would never let his stocks go down.
did he land on banana cart man?
Please, if anyone else out there is considering this way out, think of the poor bystanders.
At least do a flip.
I stopped buying stocks 20 years ago
Peace......
Enjoy