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

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KesselRunin12Parsecs's picture
KesselRunin12Parsecs (not verified) 2ndamendment Jan 6, 2016 3:38 PM

Janet Rerren!

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.

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. 

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. 

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.




fockewulf190's picture

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

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.

Scarlett's picture P/E?  985 last day I checked.

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.

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.....

LoneStarHog's picture

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

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.

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

Rainman's picture

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

LawsofPhysics's picture

Fuck em. Now jump you fuckers!!

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.

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.

besnook's picture

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

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:

monk27's picture

...or rather, Pop goes your Weasel !

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.

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.

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.

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.

DogeCoin's picture

Government mandated bubble is best bubble.

abyssinian's picture

extra soft landing

GernBranston's picture

you mean extra soft randing

Mr. Universe's picture

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

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  ..

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.

Bam_Man's picture

"Gold is money. Everything else is credit."

                                    - J.P. Morgan

skinwalker's picture

I thought FRNs were debt. 

herbicidal's picture

Credit/Assets to bankers debt to you.

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 

SilverDOG's picture

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

falak pema's picture

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

kato's picture

it is like nasdaq 5000 all over again

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.


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.

Kirk2NCC1701's picture

Peeps love porn charts.

Affirmation bias.