Just think of it as brokers doing you a favor: do you really want to be arrested for "malicious" selling [6]?
Several friends in China have told me that brokers have refused their sell orders.
— Patrick Chovanec (@prchovanec) July 10, 2015 [7]
So why even bother with the pretense of "markets", and not only in China, but in Japan, Europe, Switzerland, the US and everywhere else where central banks have directly injected $22 trillion in artificial liquidity in the past 7 years to keep the illusion afloat?
@markets [8] when you have the State creating money to buy stocks and enacting draconian measures against selling, it's not a market anymore.
— Rudolf E. Havenstein (@RudyHavenstein) July 10, 2015 [9]
Think of how much more productive the economy will be if central banks assure that markets will close higher by 1% every day in perpetuity. Consider the amount of free time Wall Street's brilliant "financial engineers" will have to allocate to socially useful activities for once.