China Economy Megathread

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I would blow Dane Cook: Dec 26, 2008

Comeon you bastard break 3000, daddy needs a new pair of shoes.

# ? Aug 25, 2015 06:47

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# ? May 15, 2024 16:04

Zeno-25: Dec 5, 2009; by Jeffrey of YOSPOS

# ? Aug 25, 2015 06:52

cheesetriangles: Jan 5, 2011

Jumpingmanjim posted:

Comeon you bastard break 3000, daddy needs a new pair of shoes.

I shorted the entire country. It's me I'm the foreign devil.

# ? Aug 25, 2015 06:52

Accretionist: Nov 7, 2012; I BELIEVE IN STUPID CONSPIRACY THEORIES

I feel like I'm F5-ing history here. It's so close!

# ? Aug 25, 2015 06:54

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

Down to 3001

# ? Aug 25, 2015 06:54

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

Goddammit it bounced before the moneyshot

# ? Aug 25, 2015 06:55

cheesetriangles: Jan 5, 2011

Emergency pension fund injection to prevent it from breaking 3000.

# ? Aug 25, 2015 06:56

Rorac: Aug 19, 2011

That'll only work for so long though. I mean, either they run out of pension funds or they increase the amount they can throw down into the market, and even that won't last forever.

# ? Aug 25, 2015 06:58

Goffer: Apr 4, 2007; "..."

Why F5ing? watch it live (delayed by 1 min) here: https://www.google.com/finance?q=SHA:000001&ei=xPTbVcG7Ac6Y0ATS8LH4DA

What other cool or prettier share watching sites are there to watch the catastrophe?

# ? Aug 25, 2015 06:58

NEED TOILET PAPER: Mar 22, 2013; by XyloJW

There's still an hour to go, maybe it'll break 3000 tonight? And if not, there's always tomorrow night.

# ? Aug 25, 2015 06:59

cheesetriangles: Jan 5, 2011

It's dropping again.

# ? Aug 25, 2015 06:59

cheesetriangles: Jan 5, 2011

We did it!

:toot:

# ? Aug 25, 2015 07:10

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

2999!

# ? Aug 25, 2015 07:10

Bip Roberts: Mar 29, 2005

So when it's down by 6% does that mean that 60% of the stocks are pegged at their 10% drop and we're just looking at trading on the 40% most solvent companies on the exchange?

# ? Aug 25, 2015 07:10

Sheng-Ji Yang: Mar 5, 2014

Bip Roberts posted:

So when it's down by 6% does that mean that 60% of the stocks are pegged at their 10% drop and we're just looking at trading on the 40% most solvent companies on the exchange?

more than 1000 companies have hit their max -10% loss apparently

# ? Aug 25, 2015 07:11

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

cheesetriangles posted:

We did it!

The most far-reaching goon project in history.

# ? Aug 25, 2015 07:12

Grouchio: Aug 31, 2014

*Bankrupt Noise plays*

# ? Aug 25, 2015 07:12

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

Oh wow it's sinking fast now. Down ten points in the last two minutes.

# ? Aug 25, 2015 07:13

cheesetriangles: Jan 5, 2011

Grouchio posted:

*Bankrupt Noise plays*

https://www.youtube.com/watch?v=1ytCEuuW2_A

# ? Aug 25, 2015 07:14

BCR: Jan 23, 2011

cheesetriangles posted:

We did it!

# ? Aug 25, 2015 07:14

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

-7%

# ? Aug 25, 2015 07:15

The Lord of Hats: Aug 22, 2010; Hello, yes! Is being very good day for posting, no?

-7%... Will we hit the limit?

# ? Aug 25, 2015 07:15

Zeno-25: Dec 5, 2009; by Jeffrey of YOSPOS

cheesetriangles posted:

https://www.youtube.com/watch?v=1ytCEuuW2_A

https://youtu.be/HjT7bSHAHAU?t=1m26s

# ? Aug 25, 2015 07:17

Vehementi: Jul 25, 2003; YOSPOS

Coming up on -7.4! hold on to your asses

-7.5!!!

# ? Aug 25, 2015 07:27

cheesetriangles: Jan 5, 2011

The road to -8

# ? Aug 25, 2015 07:28

Goffer: Apr 4, 2007; "..."

The Lord of Hats posted:

-7%... Will we hit the limit?

-7.6

I dunno if it can ever actually get to 10% - I think every company needs to hit it's 10% limit to get it there - Once it gets down to 8-9% only the few non-poo poo companies are left trading and not *every* company is going to drop that much.

# ? Aug 25, 2015 07:32

Ceciltron: Jan 11, 2007; Text BEEP to 43527 for the dancing robot!; Pillbug

Goffer posted:

-7.6

I dunno if it can ever actually get to 10% - I think every company needs to hit it's 10% limit to get it there - Once it gets down to 8-9% only the few non-poo poo companies are left trading and not *every* company is going to drop that much.

They did it yesterday. No reason it won't happen twice.

# ? Aug 25, 2015 07:35

Fuck You And Diebold: Sep 15, 2004; by Athanatos

Ceciltron posted:

They did it yesterday. No reason it won't happen twice.

No they didn't? They closed at -8.49%

# ? Aug 25, 2015 07:37

Dilber: Mar 27, 2007; TFLC
_{_{(Trophy Feline Lifting Crew)}}

Ceciltron posted:

They did it yesterday. No reason it won't happen twice.

It was not at 10% yesterday.

# ? Aug 25, 2015 07:37

NEED TOILET PAPER: Mar 22, 2013; by XyloJW

Ceciltron posted:

They did it yesterday. No reason it won't happen twice.

Nah, they came really close, but they never broke 9% iirc

# ? Aug 25, 2015 07:38

Dilber: Mar 27, 2007; TFLC
_{_{(Trophy Feline Lifting Crew)}}

drop speeding back up.

edit: 8%

double edit: Below 2950

Dilber fucked around with this message at 07:44 on Aug 25, 2015

# ? Aug 25, 2015 07:41

NEED TOILET PAPER: Mar 22, 2013; by XyloJW

WE HAVE BROKEN -8%. I REPEAT, WE HAV BROKEN -8% :siren:

# ? Aug 25, 2015 07:43

Fojar38: Sep 2, 2011; Sorry I meant to say I hope that the police use maximum force and kill or maim a bunch of innocent people, thus paving a way for a proletarian uprising and socialist utopia

also here's a stupid take
---------------------------->

# ? Aug 25, 2015 07:44

Night10194: Feb 13, 2012; We'll start,
like many good things,
with a bear.

We're also below 3000. Holy crap. So, China is now officially in the middle of their own 1929-style collapse-crash?

# ? Aug 25, 2015 07:44

Vehementi: Jul 25, 2003; YOSPOS

How do they physically locate all these stocks to sell? there are lots - is this just everyone, everywhere, invested in everything across the board selling all at the same time? It's such as extreme breadth it's hard to imagine how this could logistically happen.

# ? Aug 25, 2015 07:45

Dilber: Mar 27, 2007; TFLC
_{_{(Trophy Feline Lifting Crew)}}

I love watching these very small upturns. I'm guessing it has to be the gov pumping money in because who else is going "yes, now is the time to buy"

# ? Aug 25, 2015 07:46

cheesetriangles: Jan 5, 2011

Vehementi posted:

How do they physically locate all these stocks to sell? there are lots - is this just everyone, everywhere, invested in everything across the board selling all at the same time? It's such as extreme breadth it's hard to imagine how this could logistically happen.

From what I understand stocks is basically quantum physics in that it's magic.

# ? Aug 25, 2015 07:47