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China Enters Bear Market

Tyler Durden's picture




 

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Sun, 08/07/2011 - 23:11 | 1535199 TruthInSunshine
TruthInSunshine's picture

The greatest irony and CNBCfablatastic fade of all of this mess the world is in:

BRICs will fall first, not last.

No rationalization or theories on justice or fairness are needed.

Sun, 08/07/2011 - 23:17 | 1535230 cosmictrainwreck
cosmictrainwreck's picture

led everybody up.....lead everybody down...kinda like small caps in a "normal" market

Sun, 08/07/2011 - 23:26 | 1535285 Ahmeexnal
Sun, 08/07/2011 - 23:32 | 1535315 YC2
YC2's picture

$$$$$$$$$$$$$$$

Sun, 08/07/2011 - 23:58 | 1535487 Lower Class Elite
Lower Class Elite's picture

Oh fuck yes.  But dammit, now my neck hurts.  I can't thrash as hard as I used to.

Mon, 08/08/2011 - 01:18 | 1535887 BlackholeDivestment
BlackholeDivestment's picture

...after the flood  of illiquidity, Lucifer has risen and the bulls have run their course, Hell awaits ...that's all http://www.youtube.com/watch?v=_BMgGrFgP_8

Mon, 08/08/2011 - 00:59 | 1535807 Oh regional Indian
Oh regional Indian's picture

TIS, that is true. The BRIC's were set up to fail, total bubble economies. The SENSEX (Indian Stock Market), is in the vice-grip of FII (Foreign Institutional Investors), hot monies.

Teh Asian sell-off is in full steam as I type. 3-5% drops across the board. For India, soem fear a 20%.

And yet, this is just the beginning. The connected, collective contagion is going to hit, like a ton of BRICS next monday. 

A sea of red, fascinating times.

ORI

http://aadivaahan.wordpress.com/2011/08/04/many-drafts/

Mon, 08/08/2011 - 01:19 | 1535892 TruthInSunshine
TruthInSunshine's picture

ORI  - They hitched their posts to the fraud that was sold as "endless demand" from economies having foundations on the most vast, ultimate Ponzi Scheme in human economic history; fractional reserve banking.

They'd have been better off to accept lower rates of real economic growth, with their economies tied to what was real.

At least they can rebuild from a lower level of dislocation than what will be experienced in the developed world, on a relative basis.

Mon, 08/08/2011 - 02:08 | 1536028 StychoKiller
StychoKiller's picture

I view currencies, especially FRNs as being akin to non-winning lottery tickets.  Yeah, a lot of people "thought" they were Million/Billionaires, until the "real" winning numbers were called out (AU & AG!)

Sun, 08/07/2011 - 23:12 | 1535203 Campagnolo
Campagnolo's picture

this is going to be a panic event!, this is it folks....

Sun, 08/07/2011 - 23:12 | 1535204 Forgiven
Forgiven's picture

The Globalist' wet dream has finally come to it's sticky end.  Pun intended.  

Mon, 08/08/2011 - 01:12 | 1535847 Mad Cow
Mad Cow's picture

You're ahead of yourself. This is just the destruction phase of the OWO.

Sun, 08/07/2011 - 23:13 | 1535205 High Plains Drifter
High Plains Drifter's picture

damn it.  i just went way long on those chinese solar stocks.............

Sun, 08/07/2011 - 23:14 | 1535216 JW n FL
JW n FL's picture

I told You! Physical Solar!

NOT! stocks!!

Come one man!!

Sun, 08/07/2011 - 23:25 | 1535279 indygo55
indygo55's picture

It's my understanding that they need a lot of SILVER to make those solar panels. HI-OH ,,, SILVER,,, AWAY!

Sun, 08/07/2011 - 23:36 | 1535333 blindman
blindman's picture

@ "physical solar"
riotous huha !!
lmfao ..

Sun, 08/07/2011 - 23:44 | 1535385 Don Smith
Don Smith's picture

ROR!  Dat's funny.

Sun, 08/07/2011 - 23:54 | 1535397 FEDbuster
FEDbuster's picture

"Physical Solar" that was the best of the day (maybe the week) here.  LMAO!!  Like calling your commodities broker and telling him "I'll take delivery of those Live Cattle and Lean Hogs, send them to my Montana address."

Mon, 08/08/2011 - 00:11 | 1535562 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You can't eat solar

Mon, 08/08/2011 - 05:51 | 1536208 falak pema
falak pema's picture

You eat it every day thanks to food fed on sun.

Mon, 08/08/2011 - 06:14 | 1536231 MillionDollarBonus_
MillionDollarBonus_'s picture

You can't eat solar

Sun, 08/07/2011 - 23:24 | 1535268 Id fight Gandhi
Id fight Gandhi's picture

Time to get out the nets around the apple factory.

Sun, 08/07/2011 - 23:25 | 1535278 High Plains Drifter
High Plains Drifter's picture

ok, wait a minute. you know as well as i do, that reggie is the only person around here qualified to discuss the apple situation..........:)

Sun, 08/07/2011 - 23:37 | 1535337 JW n FL
JW n FL's picture

LOL!

Reggie is Long Google Smart Tech because between the Jews at Google and the Jews at Facebook and the new cloud tech connected to Obama's high speed cyber crime connection unit for the poor! LOL

You would have to be black or Jewish or half black to get into the deal! LOL

Sun, 08/07/2011 - 23:54 | 1535455 jonjon831983
jonjon831983's picture

lol

classic.

Solar stocks, one bubble I haven't heard people mention very much.

Mon, 08/08/2011 - 00:19 | 1535610 Freddie
Freddie's picture

I wonder if James Chanos is still short China?  The web had him doing a presentation on China's bubble at Columbia or NYU.  It was great. Most shorts and hedgies are scum but Chanos is the real deal.

Sun, 08/07/2011 - 23:14 | 1535215 qussl3
qussl3's picture

B...But the Chinese miracle will save us all!

How can this be.........

Sun, 08/07/2011 - 23:21 | 1535254 High Plains Drifter
High Plains Drifter's picture

what they need in china is more robots and more tall poorly built empty buildings........why is we always think these people are so damn smart? 

Mon, 08/08/2011 - 00:28 | 1535655 Tejano
Tejano's picture

Because they are - by comparison.

Mon, 08/08/2011 - 08:12 | 1536398 smore
smore's picture

....why is we always think these people are so damn smart?

Read this and weep, Whiteboy!

http://psychology.uwo.ca/faculty/rushtonpdfs/PPPL1.pdf

 

Sun, 08/07/2011 - 23:15 | 1535222 caerus
caerus's picture

the suspense is killing me...i can't BEAR it...

Sun, 08/07/2011 - 23:15 | 1535223 Number 156
Number 156's picture

It will be interesting to watch how this develops. So may ways this can turn, but all paths lead down.

Sun, 08/07/2011 - 23:16 | 1535228 dwdollar
dwdollar's picture

One thing is for sure Marvin.  I'm going to have another beer...

Sun, 08/07/2011 - 23:18 | 1535233 caerus
caerus's picture

hear, hear!

Sun, 08/07/2011 - 23:37 | 1535339 Ahmeexnal
Ahmeexnal's picture

I doubt Michelob Light qualifies as a beer.

Sun, 08/07/2011 - 23:41 | 1535364 caerus
caerus's picture

it's like beer...

Mon, 08/08/2011 - 00:10 | 1535558 bobafett164
bobafett164's picture

okay, 3 tequilas!

Mon, 08/08/2011 - 00:36 | 1535704 caerus
caerus's picture

it's probably watered down...

Sun, 08/07/2011 - 23:29 | 1535302 macholatte
macholatte's picture

It will be interesting to watch how this develops. So may ways this can turn, but all paths lead down.

So who are the BIG dogs in the room: USA, EU, China...... where do the Ruskies fit in? Are they immune to all the shit that's flying around?

 

{C'mon Tyler, if you're going to keep tweaking the chat room at least put the spell checker back. }

Sun, 08/07/2011 - 23:41 | 1535366 Ahmeexnal
Ahmeexnal's picture

Putin will sit out this shit flingfest.

When the ruling kleptoelite are crying out for help, he'll just take headshots at 'em with a Dragunov.

Sun, 08/07/2011 - 23:17 | 1535231 AmazingLarry
AmazingLarry's picture

I entered the Panda market just a few weeks ago. He's so cute....and golden.

See ya at the bottom....

Sun, 08/07/2011 - 23:31 | 1535311 kito
kito's picture

just make sure its not the coin where the bear's "tungsten" is sticking out at you....

Sun, 08/07/2011 - 23:19 | 1535238 JW n FL
JW n FL's picture

That's the ball game!

Thanks everyone for coming out!

Please becareful going where ever it is you are going!

God Bless You and Yours!

Mon, 08/08/2011 - 00:04 | 1535504 FEDbuster
FEDbuster's picture

Don't forget that last trip to Sam's Club.  Fifty lbs of rice $19., canned chicken 5 for $10. and honey (lasts forever) nice sized jug $10. 

Sun, 08/07/2011 - 23:19 | 1535240 silvertrain
silvertrain's picture

wow!!!Im starting to think that maybe we are all tied together, could this be a global ponzi?

Sun, 08/07/2011 - 23:44 | 1535380 Boop
Boop's picture

Yesh...

Sun, 08/07/2011 - 23:20 | 1535247 chipshot
chipshot's picture

.....is one  native

protecting his homeland still able to take out 10 invaders trying to take his homeland? 2bill vs 300mil..should get interesting.

Sun, 08/07/2011 - 23:21 | 1535256 Kimo
Kimo's picture

dump commodities... quick!

Sun, 08/07/2011 - 23:26 | 1535282 JW n FL
JW n FL's picture

I am buying gold and silver! futures and etf's only!

Sun, 08/07/2011 - 23:23 | 1535261 JW n FL
JW n FL's picture

Is anyone else just a little sad?

Sun, 08/07/2011 - 23:22 | 1535263 Yohimbo
Yohimbo's picture

Even their cheap market falls apart.  Junk!

Mon, 08/08/2011 - 00:26 | 1535638 zorba THE GREEK
zorba THE GREEK's picture

That's what you get for selling lead painted toys.

Sun, 08/07/2011 - 23:23 | 1535266 European American
European American's picture

Confucius say: Banker who sits in freezer, will have frozen assets.

Sun, 08/07/2011 - 23:25 | 1535276 caerus
caerus's picture

lol

Sun, 08/07/2011 - 23:32 | 1535317 silvertrain
silvertrain's picture

he also say "ponzi scheme work as long as black swan appear"

Mon, 08/08/2011 - 01:26 | 1535918 BlackholeDivestment
Sun, 08/07/2011 - 23:56 | 1535486 spdrdr
spdrdr's picture

I always was of the belief that assets were young, female donkeys........ 

Mon, 08/08/2011 - 03:11 | 1536118 Mec-sick-o
Mec-sick-o's picture

good 1, lol, now I'm confuced.

Sun, 08/07/2011 - 23:23 | 1535267 GIANTKILR
GIANTKILR's picture

I think it is time to close the hatch on my bunker! SEE YOU ON THE OTHER SIDE, MY FRIENDS!

Sun, 08/07/2011 - 23:24 | 1535270 I am Jobe
I am Jobe's picture

WMT, YUM are all in panic mode now.

Sun, 08/07/2011 - 23:24 | 1535273 PaperBugsBurn
PaperBugsBurn's picture

Bankster created... bankster ended??  Nope.. Isntreal and China developed the A-bomb together... HSBC (opium trafficking Rothscum & Sassoon bank) accepted in new gold market

 

we shall see

Sun, 08/07/2011 - 23:24 | 1535275 CrankItTo11
CrankItTo11's picture

Who gets pounded worse... Asia, Europe, or US?

Sun, 08/07/2011 - 23:25 | 1535277 natty
natty's picture

According to Tania Ganguli of the Florida Newspaper the Jaguars have released offensive guard Justin Smiley. Justin Smiley will not wear Albert Haynesworth Patriots Jersey and play for Jacksonville Jaguars anymore. It was just last offseason that the Jags traded a conditional 7th round pick to the Dolphins for Smiley. The guard has been injured quite a bit in his career and missed practices, but started the year as the Jaguars starting left guard. He was replaced by veteran guard Vince Manuwai against the Bills and was relegated to back up duty, a role he played for the remainder of the season. He was due about $2 million in salary this year. You can log on our Online NFL Shop and select our best quality Albert Haynesworth Patriots Jersey if you are true fans of Jacksonville Jaguars.

Sun, 08/07/2011 - 23:28 | 1535293 CrankItTo11
CrankItTo11's picture

Is there no capcha anymore or WTF is going on? Spam is getting out of control tonight.

Sun, 08/07/2011 - 23:30 | 1535305 dwdollar
dwdollar's picture

Hey, an algo's got to make a buck.  They're unemployed too.

Sun, 08/07/2011 - 23:47 | 1535402 Bolweevil
Bolweevil's picture

Patrick Willis

Sun, 08/07/2011 - 23:28 | 1535295 JW n FL
JW n FL's picture

fuck you! sell your shit some where else!

Made in China Jersey!

Sun, 08/07/2011 - 23:37 | 1535325 macholatte
macholatte's picture

C'mon guys. It was funny. All the doom & gloom and nail biting suspense and anger and then we got a commercial.

Thanks Natty.

 But THIS is disgusting....... http://www.cnbc.com/id/44051683

 

Mon, 08/08/2011 - 01:15 | 1535877 Seer
Seer's picture

"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press

Does this guy even believe what he's saying?  In essence he's saying that no matter how worthless the USD is people will take it as debt payment.  I wonder what he'd say if he was on the other side of this fantasy transaction?

Yeah, the US can print USD to infinity (well, as long as it can afford to amass electrons and paper), but, you can lead a horse to water...

Sun, 08/07/2011 - 23:28 | 1535296 caerus
caerus's picture

Jacksonville Jaguars     +7500

Sun, 08/07/2011 - 23:50 | 1535430 JW n FL
JW n FL's picture

they mostly live in Queens Harbour.

FUCK JAX!!

Mon, 08/08/2011 - 00:00 | 1535497 caerus
caerus's picture

still...i like those odds...

Sun, 08/07/2011 - 23:43 | 1535313 erg
erg's picture

junktapose!

Sun, 08/07/2011 - 23:45 | 1535400 erg
erg's picture

Not you JW, natty.

Sun, 08/07/2011 - 23:51 | 1535439 JW n FL
JW n FL's picture

no worries Bro! its the end of the World Party! thats why my man said its all gravy! let him post his sales shit! it wont be long now!

1,200% Leverage is taking over the world Baby!!

Sun, 08/07/2011 - 23:26 | 1535283 Currently Smoki...
Currently Smoking Cannabis's picture

If you think this is sexy, the coming World War is going to knock your socks off!

 

Sun, 08/07/2011 - 23:27 | 1535286 Itsalie
Itsalie's picture

HK is exactly 20% off recent peak. Taiwan is 17% off, will join the crowd in 2 days - so the sub-50 PMI which was ignored last week finally caught up after being jerked around by algos. Anyway, plenty of time left for the PPT to turn it around for another year-end party and super bonus. All it takes is Ben dropping hell-notes from his chinook.

Sun, 08/07/2011 - 23:27 | 1535288 Spitzer
Spitzer's picture

Its sure nice to know when to buy gold, comex exp dates and when S&P gives you insider info

http://www.youtube.com/watch?v=U_-8cqD4BWU&feature=channel_video_title

Sun, 08/07/2011 - 23:27 | 1535290 Thomas Jefferson
Thomas Jefferson's picture

Fat finger?

Sun, 08/07/2011 - 23:30 | 1535304 caerus
caerus's picture

that's what she said

Sun, 08/07/2011 - 23:31 | 1535306 HungrySeagull
HungrySeagull's picture

Aww, did Panda Wanda step on a bamboo stickie?

 

I'd say it's fat paw..

Sun, 08/07/2011 - 23:30 | 1535307 CrankItTo11
CrankItTo11's picture

Gold seems pinned at $1696, even though it looks like it's trying to breach $1700. I was hoping to see it before I went to bed, but it might be fun to go to sleep and see where thins are in a few hours.

Sun, 08/07/2011 - 23:31 | 1535310 Snidley Whipsnae
Snidley Whipsnae's picture

Gold... $1699.10

A picture is worth a 1,000 words...

http://finviz.com/futures_charts.ashx?t=GC&p=m5

Sun, 08/07/2011 - 23:55 | 1535460 JW n FL
JW n FL's picture
Real-time:

23:54:26 ET

 

  Change: +35.90(+2.16%)   Bid:

1699.30

 

High: 1701.30 Ask:

1700.30

 

Low: 1663.40
Sun, 08/07/2011 - 23:33 | 1535319 alien-IQ
alien-IQ's picture

Gold 1701. oh my...

Sun, 08/07/2011 - 23:35 | 1535328 CrankItTo11
CrankItTo11's picture

I still haven't seen anything above $1698. What chart are you looking at?

Sun, 08/07/2011 - 23:43 | 1535349 alien-IQ
alien-IQ's picture

Think or Swim showing a high of 1701. right not it's at 1700.80

UPDATE: 1701.60 new high...will probably be higher by the time I post this.

UPDATE 2: 1702.60

Sun, 08/07/2011 - 23:44 | 1535389 CrankItTo11
CrankItTo11's picture

Oh thanks! I'm just a noob with an F5 key and an addiction for learning, but I've been reading and getting a $100 trillion education here on ZH for the past couple years. The last time I seriously considered buying stocks was in August of 2008 - hahaha. So naive at the time and SO glad I stayed out of it. It's been a fun ride to observe since then. Musical chairs on the Titanic, all the way.

Mon, 08/08/2011 - 00:10 | 1535559 HungrySeagull
HungrySeagull's picture

Actually passing close to 1800 spot plus fee where I am. And Asks for those who own it exceed 1750.

I put a big honking ask on my pile of silver and went to bed. The damn spot plus fee is passing my ask orders faster than I can enter them. So we will see in the morning if any fish... err... buyers yes... buyers bit.

Sun, 08/07/2011 - 23:34 | 1535321 johngaltfla
johngaltfla's picture

And they did it with style. Let's see if we can match that feat tomorrow.

Sun, 08/07/2011 - 23:36 | 1535331 wisefool
wisefool's picture

Gold solidly above $1700

I picked the wrong week to stop digging up corpses.

 Leonardo Davinci

Sun, 08/07/2011 - 23:36 | 1535334 Spitzer
Spitzer's picture

If the RMB is rising then the stock market loss is not as bad as it may seem.

Sun, 08/07/2011 - 23:42 | 1535368 Yen Cross
Yen Cross's picture

ANTS forever!

Sun, 08/07/2011 - 23:43 | 1535374 Ghoaster
Ghoaster's picture

Silver bells....Silver bells

Sun, 08/07/2011 - 23:45 | 1535391 Peter_Griffin
Peter_Griffin's picture

$1700 Bitchez!

Sun, 08/07/2011 - 23:45 | 1535398 pitz
pitz's picture

yeah gold is motherfucking RELIGION now.  SUKI (tm) RELIGION.

Sun, 08/07/2011 - 23:45 | 1535392 pitz
pitz's picture

Very positive for gold. 

Sun, 08/07/2011 - 23:45 | 1535395 franzpick
franzpick's picture

The bears have entered China. 

And every other country and location and entity worldwide where multi-decade credit-feasts have occurred.  The bears sense of smell and intuition leads them to all campsites where credit-refuse has not been adequately disposed.  Credit-feasting campers have created far too much waste to bury and hide in the ground; painful as it may be, their best hope is to abandon their credit refuse and exit their campsites for new, credit-free, bear-free locations.

Futures at the lows -300; AU at the highs $1700.  Politicians falling through long-term support into uncharted territory.

Sun, 08/07/2011 - 23:47 | 1535414 alien-IQ
alien-IQ's picture

"The bears have entered China."

Yep...and they ain't the cute and cuddly Panda variety either. This one is a foul dangerous beast with big sharp teeth:-)

Sun, 08/07/2011 - 23:48 | 1535418 espirit
espirit's picture

"Politicians falling through long-term support into uncharted territory."

LOL, stay away from tall buildings.

Mon, 08/08/2011 - 01:19 | 1535891 gmj
gmj's picture

Clever post.

Mon, 08/08/2011 - 08:22 | 1536414 smore
smore's picture

Shock! Horror!

China's Debt Problem Worse than Portugal

http://www.foxbusiness.com/markets/2011/08/07/chinas-debt-problem-worse-...

This whole thing is going to turn military very soon. Within three years Zerohedge will not be discussing markets, currencies, or gold, it will all be about the war against an alliance of China, Russia, Iran, Saudi and Pakistan. 

 

Sun, 08/07/2011 - 23:48 | 1535415 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

So the G-7 hates China?

Sun, 08/07/2011 - 23:49 | 1535424 Muddy1
Muddy1's picture

Good night all.  We'll see how it looks in the mo(u)rning.

Mon, 08/08/2011 - 00:03 | 1535514 chump666
chump666's picture

Now we wait for China CDS/bond spreads to blowout...bring them charts up ZH

Mon, 08/08/2011 - 00:28 | 1535653 Manthong
Manthong's picture

I don't get exactly why this PIMCO fund stayed above the fray last week.

Anybody have a good reason?

http://www.google.com/finance?q=pubcx&hl=en#

 

Mon, 08/08/2011 - 01:08 | 1535850 cosmictrainwreck
cosmictrainwreck's picture

broken clock syndrome; most all their funds are for shit

Mon, 08/08/2011 - 00:51 | 1535777 Yen Cross
Yen Cross's picture

 Give me some worthless ANT's!    !.4 ant's

 

       March them into Ortho Land!

Mon, 08/08/2011 - 00:53 | 1535780 Yen Cross
Yen Cross's picture

China? the land of lost dreams and Ghost cities!    OOPs T`rain wrecks!

Mon, 08/08/2011 - 04:12 | 1536164 snakehead
snakehead's picture

That's it. I'm dumping all my Yuan.  Where can I acquire physical stocks of bear paws and goat penises?

Mon, 08/08/2011 - 05:46 | 1536201 Slap That Taco
Slap That Taco's picture

Hate to say it....Buy China.

 

I just threw up.

Mon, 08/08/2011 - 06:00 | 1536217 falak pema
falak pema's picture

The only things worth going long these  days is gold n champagne. The uber rich consume these, inordinately. As the uber rich will increase proportionally to the mega poor around the world;...you take your pick of uber-rich niche consumption products and you can't go wrong. Until the next bubble suddenly comes along uninvited, like a barbarian on the loose, where the sun shone like it would never end...Damn these bubble cycles. You can never get rich on a hunch that makes a hunch back out of you in the cul the sac, dead-end; Quasimodo is the name of the global plebe, when its not Sisyphus!

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