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China's "S&P" Limit Up 10%, Banks Plunge 5% As Xinhua Confirms "Stock Market Stabilized"
Presented with little comment aside from a snarky glare as Xinhua's headline "After a roller coaster rush since July 2014, China's stock market has stabilized and risks have been released to some extent, the securities regulator said Sunday." CSI-300 was limit up 10% shortly after the open, then was hammered 5% lower. CSI Banks Index is down 5% and Shanghai Composite was not as easily manipulated and is down 0.5%!!
But China Banks are geting hammered...
Who was responsible for the magical levitation? Simple!!
Spot The Difference!
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Charts: Bloomberg
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Blink Blink, wha...?
I hope I get a gap up opening to short on Tuesday, but this bullshit probably wears thin before cash open.
WAR BITCHEZ
I just don't see a huge crash. Things will be ok. This is life. Up and down, up and down. Get used to it.
Bipolar.....on steroids.
Wow, what a roller coaster...I think I'm going *erp* to be *erp* sick.
Come on hard eight!
At least we know the odds and the rules on the tables, right?
Two dollars says the shooter makes his point........the hard way.
Put the two on the hard ways, put the minimum on the point and then load up behind the line. It's an elegant bet...and fun!
Take the free drinks along the way, too.
I'll watch the reruns, it will make more sense in the rear view mirror
Three day weekend, Wall St. will be fun Tuesday......
Duh, every good manipulator knows you only have limit down and not up.
Ouch! Got KY?
Unfortunately for China, Kentucky offers little relief.
Maybe Chinese investors just don't like people from Kentucky (hmm, Mitch McConnell may not be such a hot selling point, erm, if you will).
The elevator is on its way to the basement.
Or perhaps a fireman's pole ...
Shoot the moon!
https://www.youtube.com/watch?v=bILZdkE7Re8
stability bitchez
Legit A.F.
WTF?
US 30 16,214.00 16,102.38 16,290.50 16,043.00 +111.62 +0.69% 2:27:32
S&P 500 1,935.40 1,921.22 1,942.40 1,919.20 +14.18 +0.74% 2:27:
BoJ much?
That ES rejection at the 200 sma was telling.
Your problem is, you're checking the numbers too often! Check less - more stable.
Thanks for the advice .
H/T to Ajax_USB_Port_R...
19 weeks and a few days of wisdom.
Sorry I responded to your post. It will not happen again.
I'm pretty sure that rejection at the 200 hour will hold until London opens.
Ajax , you're more than welcome to respond to/or dissect anything I have to say, now, or in the future.
I welcome your comments. Just be prepared to be cross examined.
The beauty of Zero Hedge is the fact that we can have "fight club "on our keyboards and still be friends.
I'm sure you have some brilliant ideas. Using reverse psychology doesn't work with me.
Put your big girl/transgender pants on, and step out from the shadows.
Ying Yang?
It's easy to hide behind a 19 week old facade. Why don't you reveal who you really are?
If you don't have the common courtesy to divulge who you really are, then I'd hope you don't ever contact me again.
You know, I know you're just using some other handle to make your point.
No charts, no trading skills, no gravatas.
Even if you were a seasoned Z/Her I'd still tell you to go pound sand.
I only deal with real people.
Hows that[prop] trading desk in Bejing treating you?
just a guess but this stuff may be too important to you.
everyone needs a hobby.
I care about people, and don't like to see them being taken advantage of.
I really enjoy the markets and investing.
Don't get me started on my hobbies.
I should probably get married.
I would suggest getting a good dog before I would suggest getting married.
No offense to the current Mrs Diggler of course, but having a good dog and a cold beverage when you want is one of the simplest pleasures in life.
Tyler Durden: Listen up, maggots. You are not special. You are not a beautiful or unique snowflake. You're the same decaying organic matter as everything else.
I was just having some fun. I spent 5 years with a lawyer.
Hell, a pet lizard would be an improvement.
Unless you are suicidal, do not get married once you are older.
The adjustment process is way too likely to fail. Have a good circle of friends - with benefits if you want.
Much better probability of happiness and support when needed.
It's suddenly all gone mgtow in here. An interesting plot twist.
Yen's just being an asshole. We all are asshole's from time to time.
You're always welcome to speak up on any post, argue, cuss people out, and insult them. That's what's unique about Zero Hedge.
Most of us, Yen included, are fairly intelligent, but we're not insiders and don't have any clue of what's going on...other than suspicion...and Tyler pretty much has predicted shit going down nine years ago, with modifications as the Fed did their thing. (I lurked for a long time.)
So go get drunk, speak your mind, and tell all of us what you think is going down. We're all ears. Some will call you stupid, some will call you genious, some will call you asshole. It doesn't matter.
Step on your soapbox and proudly state your belief or reasoning. We all really want to hear it.
(well, unless you're twelve or living in your mom's basement.)
How was I being an Ass Hole, if you don't mind me asking , Old Phart.
I thought I was being polite, and succinct with my replies?
Can you point out any specific time that I said someone should trade, or matter of factly, suggested a trade?
Yes, I'll call bullshit when It's blatant in the charts, but I NEVER tell people how to trade.
You can't become proficient at trading until you've blown up a few accounts., Old Phart
I'm the easy target for you, Old Phart. I'm honest, have a couple of brain cells, and question the quackery in the markets.
Send me some charts Old Phart. I'm all eyes and ears.
Until then, sit on your rocking chair and spew explicitives to the wind. I'm no youngster, and you know that.
I'm calling you an asshole in a friendly way. You dumped on a newbie who questioned your credentials.
You have excellent insight, and have made calls in the past that were spot on.
But attacking a newbie for questioning you is being an asshole. Don't do it. You have a lot more class.
Be a guide, not an asshole. This weenie probably has never read a comment you've written other than what his first encounter was. You're epic, live up to it.
Over on /b/ on 4chan, everyone refers to everyone else as a n*gger or a f*ggot. That is the wild west.
Old Phart sounds like a fixed income .gov ex- employee living in Fantasy Land.
I'm the corporate controller for fifty entities in mining, ready mix cement, retail steel sales and steel fabrication covering Southern California and Arizona. While we do sell to the goobermint, the only involvement I have had in it was a brief stint in the US Marines.
Really, Yen, we're not in a war against each other. I'm calling you out in your expertise and lack of patience with newbies. You're better than this.
You actually awe me with your insights. Just be nicer to the newbies. They have no idea of the wormhole they just crossed...
And, Yen, I have taken no offense to anything you've written...chalking it up to a misunderstanding. You remain awesome.
Markets ha real as Caitlyn's tits
As real as her Vagina. Lots of people have gel implants, You might have felt a few. But few people have fucked an inverted scrotun. No really, Catilyns vagina lining is his scrotum inside out.
I really didn't need or want to know that.
Bruce Jenner still has his dick....and he's still a guy.
If you want to call him Caitlyn.....go freakin nuts.....cause he still has those too.
They are ALL inverted scrotums.
So the inverted balls are like a party thing? A little extra friction if you manage to get deep enough?
(Not that I would know, you couldn't put a point on my pecker with a pencil sharpener.)
You need to sharpen your cranium.
This is just the beginning of the unwind of insanity.
Lock and load the popcorn. Lots of popcorn. Extra butter. Could be a long fall and winter.
'stock market stabilized'in Chinese roughly translates to 'mission accomplished'
Mission accomplished...good one...I dislike when other comments are better than mine....stop it. ????
Yippee we're saved. I needed a reason to celebrate labor day since I haven't worked but 3 months in the last 21 years.
You work your ass off burning calories worrying about shit every day ... ALL of ya paranoid mutherfuckers.
You worry about uour daughter getting fucked up the ass by your dad, but you're not being paranoid
Whoa...hold on. I have to decipher this.
"You worry about your daughter getting fucked up the ass by your dad, but you're not being paranoid"
I have to worry about my daughter being anally raped by her grandfather?!!
Holy fuck! What kind of family do you have?!
That's fuckin' pathetic.
I have NO worries about my dad. My sons have no worries about me.
At my age, sex requires a pill and an appointment.
Besides which, children are innocents that should never be despoiled. My grandkid, you're kid, your grandkid...I do watch over them to make sure they are safe even if you're a dumbass. Black, white, yellow, green, I don't care, if they're kids, I'm protecting them, always.
What you wrote is the most disgusting thing I've ever read here. And there's been a LOT of disgusting things in the comments. Shame on you. I honestly can not believe it. What is going on in your life to say such a thing?
Johnny Walker red?
Life after 2001 has become one giant clusteruck...if you were in a coma and woke up now u havent missed a fuckin thing.
Meh, another day to stack is a good thing in the long run. The shit hawks are coming Randy!
Can someone seriously explain how manipulating USD/JPY affects the stock markets? Seriously. I don't understand.
You might want to ask the latest PBoC clown.
Long story short. USD/JPY is linked to the 10 year Treasury note.
When yields drop, so does usd/jpy. Recently the bond correlation has broken down, and usd/jpy is being used as an equity market proxy, because Abe and Kuroda have printed so much yen that they're literally buying stocks through channels similar to the Fed. and Citadel.
Because supposedly Japan is an excess reserve/export economy, traders use the yen as a quasi safe haven currency. [like CHF]
So when treasury yields rise, that implies risk off, cheaper bonds, and the interest rate differential kicks in.
Tyler had a great article on Thursday or Friday explaining the JGB market. KAMPO . AKA the Japanese postal[pension system] is who the BoJ can buy bonds from.
The problem is that Japan has monetized all it's realistic debt, so the BoJ will have to issue more debt, in order to meet inflation targets, and service existing debt payments on the bonds already issued.
I could go on for hours about this topic, but I don't want to offend Ajax_USB_Port_R...
Here's the real kicker. Japan holds more UST as of last months TIC charts then China does. Japan holds just over $1.4 Trillion of UST, in an economy that's 1/6th the size of China. Belgium much?
At some point however, these corelations break and the four lanes going in become a dirt road coming out.
Isn't that true?
It is. And you're absolutely correct.
I was just trying to put things in a tight laymans package.
Japan has already failed. Matter of factly, the fractional reserve system has already failed.
Those shiny pieces of plastic with magnetic strips,credit cards just hastened the demise of full faith and credit.
As Yen is saying, we're in a global crash, we just don't officially know it yet.
We're screwed, through, and black and blue...but we don't feel the pain at present.
You might want to stock up on KY, it'll make the rape a little smoother.
As I said, the markets will dictate rates on the long end of the curve.
Don't put words into my mouth. As yields rise and credit tightens, we will see a pretty sharp drop in the equity indexes.
Keep buying those monthly mutual fund contributions Old Phart. Do you know the difference between POP and NAV?
Nope, I'm ignorant.
All I know to do is to not put money into the market.
I honestly don't know what POP and NAV are. And really don't care, because my money's either sitting right next to me, or locked up in the coin safe. I'm not playing in this particular casino.
Sure, that falling line looks pretty stable! I hope the Chinese wake up and hang their government members on their scrotums.
i think I'm going to TRY and not watch or worry about the market the entire week and then come back on Monday, Shemitah day.
Been Prepping?
Eight months worth of food, a weeks worth of water. Solving that tomorrow.
It's hard to believe that after a week of the DJIA either closing up or down from 3 to 6 hundred points, ZH is lecturing us about the importance of the opening of the Shanghai Composite.
You can always tell what positions the writers here have and what their bedtime prayers are.
"China's stock market has stabilized..."
That's like saying the storm is over when you're in the eye of a hurricane.
Or 7 sharknados.
I don't get the Sharknado thing. I've watched them and I just feel ass- raped afterwards.
http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/04...
The picture of pure insanity...
...and out-of-control ego.
Unbelievable.
m
See the history of the Shanghai Exchange in the 1930s-40s. The CCP and PLA generals and their cronies will shut the exchange before the bear market is over. The Chinese stock market is a CCP and PLA PR device, not a corporate equity market. No one believes the PR anymore, apart from the Chinese peasant types who thought the gov't had chosen them to be winners of the stock market lottery.
The elite CCP Chinese and Jews have a lot in common. We're all Jews now, only most of us are slaves to Jews. Welcome to the tribe's world, but you can't afford the membership dues nor the price for your freedom.
Too bad. See ya in another life, brothers.
Get over your risible jew phobia.
Read this article on the opening of the Shanghai stock market for background about the problems encountered during the reform period. You do not need the 1930-1940s to understand the current situation.
http://www.chinafile.com/reporting-opinion/viewpoint/china-plays-market
I wonder if China has executed all the short sellers yet. At least that would account for some of the "recovery".
So the market is stabilized, eh?
How many stocks remain frozen now that stability has returned?
Or is that in itself the new definition of stability?
You may be right. Not trading at all is VERY stable. :-)
In that case, I'm a twelve inch concrete floor founded on bedrock.
Haven't been in the market since 2008. 401-k contributions ceased in 2008. Can't pull 401-k money out, but I'm in the bond option, in my 401k it's the lowest loser.
In October of last year, the company changed 401k companies (and I warned them that we would lose thousands). The transition took an entire month, I went from a measily $53k to a $50k on the change. (Yeah I know, it's pretty pathetic, but I'vbe never trusted anyone else with my money, But I do have a number of sealed cans of vegetables, meats and books that contain minor fortunes in cash, gold and silver).
The real hoard is no where near me.
[Was going to talk about self defense but I'm in California so I can't brag about any sort of shit. Which is frustrating.]
Freezing stocks is as "stable and healthy" as fusing the spine.
nothing says you lost it all like freezing stocks. mark it zero
As I opined before, those 400 companies that had their stock frozen are technically now bankrupt.
Think a bit about it.
You'll get nothing and like it! [/Judge Smails]
https://www.youtube.com/watch?v=KnmIoF_2Q4Y
Bullish news for Canada's housing market:
http://www.cbc.ca/news/politics/jerry-bance-marketplace-1.3217797
the first leg of market decline is done.
Now waiting for the next leg down
Well thank god china has been saved today. Everything is under control.
Keep calm and most importantly: Trust your central bank!
www.denk-bubbles.com/china-7-sept-15
Hey who is down-arrowing me here. I put a lot of work into that information table!
Shanghai Composite close -2,55% at 3.080
what?