Spot The Most Manipulated Market In The World
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
(27 votes)
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and those are off their fake numbers...so its got to be worse than that
Yikes.
Fortune cookie say "Cliff high adventure may lead to fall"
You forgot the little "dead cat" thingy over the bounce.
Well at least there's something behind that market, like an actual economy that makes something. Which means in Keynesian newspeak that it's a primitive pre-service economy unlike the developed (non-producing) economy of the USA. I wonder what happens in China when the Big Crash happens next October in the USA and everybody stops buying Chinese stuff. I'm feeling bullish!
They should do buy backs like in the US.
This graph actually does make me feel a bit better. This time, we really can point to China and blame them for the global depression.
Watch out, the Fed and the government put a line in the sand for US equities.
Seems like S&P somewhere around the 1860 area before they have thier banks buying it.
If China plunges the world will look like a leper that's been through a wind tunnel as the bullshit coatings the world's economies have received thanks to the Chinese sugar daddy will be stripped off in a glance.
There is only one end to a fiat currency it implodes into worthlessness.
There is no other course but that one and it's always the same course and on top of this with rumors of buying stocks and bonds and all such things then nothign is going to crash crash until the currency itself dies and death of the currency will actually rocket the market to the moon but that's later when the currency dies.
Meanwhile back in the real world all the shit they are doing is doing more and more damage to whatever is left of the fucking real economy, you know the one where private people make and sell shit to other private people.
Put another way the fucking real fucking economy not the make work command economy they are trying to grow.
The amount of distortion that actual price signals have to get through to signal to either build more or less of widget A or B is so bad that you only find out you're utterly wrong after it's way too late to save the widget maker.
If this distortion field lifts the carnage would be epic as people go, oh well, I see now we don't need this many accountants what we needed was someone to grow some food. Well isn't that just a big shit in the bed, wish you would of told me before I spent all this time and MONEY hiring more accountants.
So now as we starve we can look back and see how this went wrong.
I'm getting real tired of them trying to sell this end time movie script to us all one self fullfilling prophecy at a time.
Controlling the whole economy so that you can recreate the mark of the beast meme and refuse to let anyone buy or sell without going through the system is either highly prophetic or a highly SELF FULLFILLING PROPHECY and I for one have no time for doing more dancing to this bullshit script.
I don't believe in end times and I didn't sign on for this shit so kindly... KNOCK IT THE FUCK OFF IT'S NOT FUNNY ANYMORE!
C'mon the shit stack is coming down !
Wait a minute.
You are one of my favorite players from the St. Louis Cardinals NFL teams of the 70s. Loved the Cardiac Kids back in the day...
He's rad but is he a con? (I don't trust people who double everything)
and we thought U.S. stocks were a complete joke at these prices.
Hope China chokes on those shares when the public finally pukes them.
When the U.S. and it's lapdog in the South Pacific stop selling gold to Hong Kong, it'll be time to get off the couch. In the meantime, how many more tons...?
JUMP you phuckers !
Kind of less and economic test and learn than an social test and learn in China now. If I continue to put out complete bullshit statistics even though everyone in this country and analysts in every other country know they are bullshit but we are too big to let fail, will investors continue to need to believe and prop up the Chinese market....there is no question about the corrapse in process, just whether the sheer will of 100M investors can levitate it slowly down to about 40% of its current level or whether it happens over a couple days if everyone opens their eyes at once.
Who would have thought that floating dead pigs would be so symbolic?
How many guesses do I get?
So if these numbers are faked, does that mean the lucky lotto numbers on the back of the fortune cookie are wrong too????
The whole shebang is manipulated; therefore, it is not a market.
The terminal velocity of a human body falling at sea level is about 200 km/h. Arms and legs spreaded, screaming has no measurable influence. Nosediving and streamlining your limbs gets you to 300 km/h. Just saying.
Chinaman needs to learn how to cook book instead of dog.
Merikan data analyst having some fun, I see. Oh sure, pick a measure specification by which we can make Merika look mediocre with a dubious metric.
Communist Capitalism.......what an oxymoron.......
Remember the days of CNBC praising wonderful China, and their mastery of economics?........
They should build a few more cities, that would help.
Heading south like a rock in the ocean. Lets face it folks they aren't the smartest. Highest IQs but they still use two sticks to eat and forks aren't expensive. I mean cmon......
I'll take 1,000 for $1,000, Bob.
If an interested ZH editor were to lay a chart of margin debt of the Shanghai stock exchange over the the chart of the Shanghai composite printed here they would be almost identical.
And both the Shanghai margin debt bubble and the Shanghai composite bubble began in the second half of 2014, when when foreign investment firms (GS, JPM, etc) were permitted to buy class 'A' shares.
The foreign investing houses came into Chinese exchanges on margin, though, if you ask them, they'll tell you that the increase in margin debt was caused by 40 million rice farmers, who never owned stock before they opened margin accounts. At the very same time as the foreigners did.
If there was manipulation of the Shanghai stock exchange which caused a bubble, then lets round up the usual suspects.
You'll find them rigging things at their fiefdom at Wall and Broad in lower Gotham.