• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Spot The Most Manipulated Market In The World

Tyler Durden's picture


One of these bubbles is not like the others, one of these bubbles just doesn't belong... and yet still "officials" and talking-heads proclaim it cheap...



Still think that China's stock market is "stable" at these levels?


Source: Bloomberg

Your rating: None

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Wed, 01/06/2016 - 16:37 | 7006371 2ndamendment
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Wed, 01/06/2016 - 16:38 | 7006378 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

Janet Rerren!

Wed, 01/06/2016 - 16:40 | 7006397 froze25
froze25's picture

Dent has been saying that the Next round of China selling off should be worse and starting late in the first quarter. We will see.

Wed, 01/06/2016 - 16:55 | 7006476 ShorTed
ShorTed's picture

Much like the so called "tech bubble", I'm sure it's just me who doesn't understand why it's different this time. 

Wed, 01/06/2016 - 17:19 | 7006617 NidStyles
NidStyles's picture

The Chinese just run the printing presses and hand the shit out. No regard for it's value. 


I think we will see the Chinese communism collapse within the next two decades. If not sooner. 

Wed, 01/06/2016 - 18:06 | 7006944 AGuy
AGuy's picture

"I think we will see the Chinese communism collapse within the next two decades. If not sooner. "

Unlikely. China is going to switch over to nationism and Miltary Keyesium now that its Infrastructure Keyesium program is gone bust. We'll see China's Military expendures explode and possible out Spend the US Military over the course of the next few years.

China defence: Work starts on second aircraft carrier


Japan another Asian nations will join too. Sooner or later their will be a really big war, ending the final chapter on humanity.




Wed, 01/06/2016 - 23:18 | 7008604 fockewulf190
fockewulf190's picture

Your favorite Planet of the Apes movie was the one with the doomsday missle at the end.....now wasn't it?

Thu, 01/07/2016 - 01:17 | 7009107 AGuy
AGuy's picture

No, Didn't like any of the movies.

To put is simply, the playbook states when you run out of options and your people are preparing to vote, take them to war. Better let them fight on the battlefield then overthrow you from power.

Thu, 01/07/2016 - 16:50 | 7013163 Scarlett
Scarlett's picture

Amazon.com P/E?  985 last day I checked.

Thu, 01/07/2016 - 09:43 | 7010246 paradox
paradox's picture

Dear sir. You may be right, or you may be wrong. What I do know is that your incorrect usage of "their" makes me question your most basic education.

Wed, 01/06/2016 - 16:59 | 7006490 KnuckleDragger-X
KnuckleDragger-X's picture

China has gotten away with a lot of shit, since they control the economy. They will push it till it all falls apart from bullshit overload.....

Wed, 01/06/2016 - 17:07 | 7006544 LoneStarHog
LoneStarHog's picture

Dent?...Now there's a four-letter word!

Wed, 01/06/2016 - 21:08 | 7007814 11b40
11b40's picture

Just buy and hold for about 70 years and you should see all his forecasts come true.  Dent can sit in the lifeguard stand and see the next big wave coming from about 400 miles out.

Wed, 01/06/2016 - 21:15 | 7007853 o r c k
o r c k's picture

Better Dent than Bent.

Wed, 01/06/2016 - 16:42 | 7006416 SethDealer
SethDealer's picture


Wed, 01/06/2016 - 17:38 | 7006766 Bullionaire
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Wed, 01/06/2016 - 16:38 | 7006372 stinkhammer
stinkhammer's picture

wi too low

Wed, 01/06/2016 - 16:48 | 7006449 R.R.Raskolnikov
R.R.Raskolnikov's picture

Don't say that or otherwise some sad fuck is going to make a comment that this joke is not funy and that is old. It happend earlier this week to me.

P.S. I think that the joke is still funy and thus I give you an upvote.

P.S.S. How-Ly Phuck

Wed, 01/06/2016 - 21:17 | 7007862 o r c k
o r c k's picture

wen tu hi ?

Wed, 01/06/2016 - 16:43 | 7006394 Rainman
Rainman's picture

Jesu Cristo ! ....  that's a massive dose of non-GAAP !

Wed, 01/06/2016 - 16:40 | 7006395 LawsofPhysics
LawsofPhysics's picture

Fuck em. Now jump you fuckers!!

Wed, 01/06/2016 - 16:41 | 7006404 besnook
besnook's picture

the china equity market is not the economy like it is in the usa so who really cares. the chinese arrest naked short sellers. the usa gives them tv shows.

Wed, 01/06/2016 - 17:00 | 7006497 ZoroAustrian
ZoroAustrian's picture

China has an economy based on making things and selling them to the rest of the world.  As a %age of GDP, China's stock market is nowhere near the size of the US.  China's stock market has actually been allowed to fall by nearly 1/3 in the past year.  Controlled maybe, but the PPT shows up around here after a drop of less than 5%.  US markets have dramatically outperformed Chinese markets over any medium/long term time frame.  The USUK economies are increasingly based on nothing but finance and financial engineering.  And Tylers want to call China the biggest bubble in the world?  Give me a break.

There is one bubble to rule them all, and Janet is sitting on it.

Wed, 01/06/2016 - 17:04 | 7006516 besnook
besnook's picture

when bankers control an economy all that is produced is money, in other words, nothing.

Wed, 01/06/2016 - 20:20 | 7007575 highandwired
highandwired's picture

Richard Fisher basically says this same thing in this interview.  This young girl reporter is trying to tell Richard Fisher about China and he says, "listen here, I've been visiting China since 1979, etc..."  He essentially says that China is nothing, it's the FED that's at Fault:  https://www.youtube.com/watch?v=pnIYZiWlaUY

Wed, 01/06/2016 - 21:19 | 7007870 o r c k
o r c k's picture

Pop goes the Weasel.

Wed, 01/06/2016 - 22:06 | 7008153 monk27
monk27's picture

...or rather, Pop goes your Weasel !

Wed, 01/06/2016 - 17:08 | 7006548 sun tzu
sun tzu's picture

Thats what you think. The Chinese are gamblers. The government allowed 10 to 1 leverage which led to that run from 2000 to 5200 in a year. Many in the middle class were wiped out by the collapse and many still owe their brokers. Many others own empty investment properties in empty cities. This is direct from Chinese people I know.

Wed, 01/06/2016 - 17:12 | 7006575 besnook
besnook's picture

so they go to macau and lose more. it is simply not a big deal in aggregate. the majority of peoples' wealth in china is still held in hard assets other than equities. as you asserted, the market is just another macau only more convenient.

Wed, 01/06/2016 - 20:31 | 7007623 sun tzu
sun tzu's picture

Most don't own hard assets. Private ownership of property has only been allowed for the past 20 years or so for most of the population. The downturn in Macau was partly due to gamblers going into the stock market instead of the casinos.

Other than some gold, what other hard assets do you think they can own? Most don't even own gold except for some jewelry.

Wed, 01/06/2016 - 17:21 | 7006634 Squid-puppets a...
Squid-puppets a-go-go's picture

someone tell the chinese that if they buy the 50 tonnes a week that they usually get from shanghai from the comex instead, the comex will be empty in, let me see (taps furiously on cheap calculator) ONE DAY, causing a price reset and bidding war.

then they can pay off their debts with the appreciated gold.

golbal economy? There fixed it for ya.

Wed, 01/06/2016 - 16:41 | 7006407 DogeCoin
DogeCoin's picture

Government mandated bubble is best bubble.

Wed, 01/06/2016 - 16:42 | 7006419 abyssinian
abyssinian's picture

extra soft landing

Wed, 01/06/2016 - 16:59 | 7006493 GernBranston
GernBranston's picture

you mean extra soft randing

Wed, 01/06/2016 - 17:12 | 7006581 Mr. Universe
Mr. Universe's picture

No that's South Africa for Randings.  However the C.gov does offer "happy endings", for qualified customers.  

Wed, 01/06/2016 - 17:32 | 7006710 curbjob
curbjob's picture

If you walk into a South African consulate and speak to what passes as officialdom,  one can't help walking away thinking that the Rand is the most overvalued currency in circulation. 


Now KrugerRands on the other hand  ..

Wed, 01/06/2016 - 17:34 | 7006711 curbjob
curbjob's picture


Wed, 01/06/2016 - 16:42 | 7006421 Soul Glow
Soul Glow's picture

I like that no one can agree on what happens next - and I mean the good sources too.  Greg Manerino says stocks will go higher all year, Jim WIllie is bullish China, and Faber is long Myanmar and other third world states.

No one knows what happens next, and that makes sense, as the markets are manipulated and artificial, the fundamentals haven't mattered for years, and technical analysis is hard considering all the above.

I say who cares.  I say we all know the truth, the system will fall.  This month, next month; this year, next year.  WHo cares.  We know the truth.

And the truth is gold and silver is money and nothing else is.  WHat more should one want except money to pay for the goods and services in whatever world comes next.  The post Fed world looks dim, but gold will make it shine.

Buy silver and buy gold.

Wed, 01/06/2016 - 16:56 | 7006477 Bam_Man
Bam_Man's picture

"Gold is money. Everything else is credit."

                                    - J.P. Morgan

Wed, 01/06/2016 - 17:02 | 7006510 skinwalker
skinwalker's picture

I thought FRNs were debt. 

Wed, 01/06/2016 - 18:08 | 7006950 herbicidal
herbicidal's picture

Credit/Assets to bankers debt to you.

Wed, 01/06/2016 - 17:17 | 7006538 abyssinian
abyssinian's picture

Did you really just say "Greg Manerino..."? lol That clown was telling people to buy oil at $37 and the market will have the Janurary effect and will skyrocket, just two weeks ago. Now the market is tanking, and he is blaming the Korean nuke test? lol 

Wed, 01/06/2016 - 19:50 | 7007456 SilverDOG
SilverDOG's picture

Gweggery Moutherino, I think he may be running for office.

Wed, 01/06/2016 - 21:22 | 7007895 o r c k
o r c k's picture

I'd vote for him.

Wed, 01/06/2016 - 16:44 | 7006430 falak pema
falak pema's picture

can't be true the Comintern cannot accept such blatant ping ponging of chinese honour!

Wed, 01/06/2016 - 16:45 | 7006437 kato
kato's picture

it is like nasdaq 5000 all over again

Wed, 01/06/2016 - 16:47 | 7006439 RaceToTheBottom
RaceToTheBottom's picture

How can a P/E ratio be valid when both P and E have been redefined?

A graph of nonsense is still a graph of nonsense, no matter the comparison.


Wed, 01/06/2016 - 16:50 | 7006458 centerline
centerline's picture


Wed, 01/06/2016 - 16:54 | 7006469 Buckaroo Banzai
Buckaroo Banzai's picture

Yes, but given that the "E" part of the equation undoubtedly has been already manipulated upwards as much as possible without being completely obvious, one can only imagine just how far this market needs to fall.

Wed, 01/06/2016 - 19:15 | 7007306 Kirk2NCC1701
Kirk2NCC1701's picture

Peeps love porn charts.

Affirmation bias.

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