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Dilber posted: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" buy low sell high brah BTW mods (or anyone else in the know): when there's moments like this when a stock market somewhere is collapsing, are we allowed TV/IV-style relaxed posting rules in D&D?
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Aug 25, 2015 07:49
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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. Someone out there is buying every sold share briefly thinking they got a great deal
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Aug 25, 2015 07:49
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NEED TOILET PAPER posted:buy low sell high brah It'll be lower in a couple of days!
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Aug 25, 2015 07:49
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Nikkei is also down to -4 now.
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Aug 25, 2015 07:52
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Goffer posted:Someone out there is buying every sold share briefly thinking they got a great deal
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Aug 25, 2015 07:53
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gently caress You And Diebold posted:No they didn't? They closed at -8.49% Dilber posted:It was not at 10% yesterday. NEED TOILET PAPER posted:Nah, they came really close, but they never broke 9% iirc drat, in the words of the great Rene Chang, "I am not an economist"
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Aug 25, 2015 07:54
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So most of the stocks were probably at the circuit breakers and will continue to freefall tomorrow right?
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Aug 25, 2015 08:03
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The stock market went up 150% over a year. We've only gone down about 30%. We've still got about another 1200 points / 120% of gains to burn through.
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Aug 25, 2015 08:05
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BCR posted:The stock market went up 150% over a year. We've only gone down about 30%. We've still got about another 1200 points / 120% of gains to burn through. Would it have been better to let it pop naturally rather than burning trillions on trying to prop up a doomed market and failing?
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Aug 25, 2015 08:08
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BCR posted:The stock market went up 150% over a year. We've only gone down about 30%. We've still got about another 1200 points / 120% of gains to burn through. Not true, yesterday all the years gains were officially gone.
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Aug 25, 2015 08:09
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Fojar38 posted:Not true, yesterday all the years gains were officially gone. No hes right, it was at 2230 a year today. You are thinking the figure from January, where it was around 3,000.
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Aug 25, 2015 08:11
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You are both correct.
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Aug 25, 2015 08:12
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cheesetriangles posted:Would it have been better to let it pop naturally rather than burning trillions on trying to prop up a doomed market and failing? No one knows what pop means. If it settles down after today and the only gains lost were from 2015 then maybe it'll be okay. I think the worry Beijing has is that margin calls on stocks will open a Pandoras Box of all sorts of unknown financial problems. It's sure looking like the money being poured to slow the crash are just evaporating but maybe no one understands the real financial situation to determine if the cash is helpful.
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Aug 25, 2015 08:15
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BCR posted:The stock market went up 150% over a year. We've only gone down about 30%. We've still got about another 1200 points / 120% of gains to burn through. Maths is hard. If something worth $100 goes up 100% to $200, If something worth $200 drops 50%, it is worth $100 If something worth $200 drops 100%, it is worth $0 We just dropped 15% in two days. 1 year ago the market was at 2207, now it's at 2964 - an "increase" of only 34% instead of 150%
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Aug 25, 2015 08:15
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My bad I'm not being clear. Just over 2014-now they made those gains.   First, the build up to now Second is the 2006/7 bubble when they said buy buy buy and then GFC Third, is how a classic bubble bursts Before the BUY BUY BUY FOR THE MOTHERLAND ITS SAFE, the stock exchange was bouncing around the 2000 mark, so we're going to go past that to maybe 1900, 1800 before coming back up and hovering around the 2000 mark. So we've got some more stock falling to come, and I'd say we're at the fear or capitulation stage of the graph. BCR fucked around with this message at 08:26 on Aug 25, 2015 |
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Aug 25, 2015 08:17
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Goffer posted:Maths is hard. I was thinking of the peak when it hit 5000 ish
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Aug 25, 2015 08:24
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BCR posted:Before the BUY BUY BUY FOR THE MOTHERLAND ITS SAFE, the stock exchange was bouncing around the 2000 mark, so we're going to go past that to maybe 1900, 1800 before coming back up and hovering around the 2000 mark. So we've got some more stock falling to come. Unless the crash exposes fundamental problems with the Chinese economy that cause a much deeper recession than would be a proper valuation from two years ago.
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Aug 25, 2015 08:25
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Do completely bogus gdp and employment figures count?
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Aug 25, 2015 08:28
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Yup! I'm ignoring any impact from the real estate bubble popping, export slowdown, factorys idling etc. It could get much much worse. Those numbers are me doing rule of thumb on the classic stock market bubble graph.
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Aug 25, 2015 08:28
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Also after this is all said and done, no one is getting pensions anymore are they?
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Aug 25, 2015 08:35
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They only nuked 30% of them. Everyone is just getting less pensions until they pump more of it into the market.
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Aug 25, 2015 08:39
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pentyne posted:Also after this is all said and done, no one is getting pensions anymore are they? Did they get pensions to begin with? I would just assume all public money disappears into officials' pockets anyways
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Aug 25, 2015 08:41
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icantfindaname posted:Did they get pensions to begin with? I would just assume all public money disappears into officials' pockets anyways If Beijing preaches stability then they'll certainly have to do something as the country gets top heavier.
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Aug 25, 2015 08:46
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Europe is up Dow futures are up Asia is hosed.
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Aug 25, 2015 08:56
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cheesetriangles posted:Europe is up Dow futures are up Asia is hosed. So wait China can't even muster up the economic influence to cause a global market crash?
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Aug 25, 2015 09:04
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cheesetriangles posted:Europe is up Dow futures are up Asia is hosed. Time for another day of "guess which EU central banker or finance minister says that everything will be ok and the we have buffers* in place". *While not mentioning what the actual buffer is.
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Aug 25, 2015 09:05
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Junior G-man posted:Time for another day of "guess which EU central banker or finance minister says that everything will be ok and the we have buffers* in place". *gently caress you got mine
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Aug 25, 2015 09:07
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Junior G-man posted:Time for another day of "guess which EU central banker or finance minister says that everything will be ok and the we have buffers* in place". Eating Greeks
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Aug 25, 2015 09:08
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Too stringy and high in salt.
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Aug 25, 2015 09:08
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Jack2142 posted:Eating Greeks Even Soylent Souvlaki has its limits I'm afraid.
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Aug 25, 2015 09:09
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NEED TOILET PAPER posted:buy low sell high brah If you cannot shitpost while the future of millions of people goes down in flames, sacrificed so that a few could engage into a most depraved orgy of frivolous consumption, then when would be a better time? trucutru fucked around with this message at 11:43 on Aug 25, 2015 |
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Aug 25, 2015 11:41
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http://m.youtube.com/watch?v=TxCqOw5_4oE Replace Nixon with Li Keqiang and the protesters with angry shopowners with Monopoly Money stocks.
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Aug 25, 2015 11:43
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trucutru posted:If you cannot shitpost while the future of billions of people goes down in flames, sacrificed so that a few could engage into a most depraved orgy of frivolous consumption, then when would be a better time? Fixed it.
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Aug 25, 2015 12:04
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Fojar38 posted:Not true, yesterday all the years gains were officially gone. Don't know poo poo about the stock market, but the Shanghai Composite was at 2,209 on August 27th of last year. It's now at 2,964. But a week ago, it was at 3,993.
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Aug 25, 2015 12:54
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cheesetriangles posted:Europe is up Dow futures are up Asia is hosed. Could anyone please do a 101 for me and explain why Dow futures are up?
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Aug 25, 2015 13:17
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ringu0 posted:Could anyone please do a 101 for me and explain why Dow futures are up? Yesterday there was uncertainty over what China would do and what the U.S. exposure to the meltdown was. Today we are certain China is just going to gently caress things up until there are no more fucks to give, but fortunately we're not as exposed as we thought we were. Also the Fed is probably not going to raise interest rates this year. Also, much of yesterday's drop was panic selling and now those people are poor and can't sell anything else.
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Aug 25, 2015 13:31
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ringu0 posted:Could anyone please do a 101 for me and explain why Dow futures are up? You should really be looking at the S&P 500 over the Dow. Anyway the reason they are up is because people have collectively reconsidered how much damage China will do to the companies listed on the U.S. Exchanges. Or people think that things overshot to being cheap now and here's their chance. The latter often results in a bump after big losses.
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Aug 25, 2015 13:32
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Thread title?
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Aug 25, 2015 13:35
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A better one I saw was "Shanghai Noon" FTSE 100 is up ~3% and S&P 500 overnight is up ~3.5%. Nothing to see here, move along. Really though it will depend on just how far the the Chinese market drops. The further down it goes the more pressure that will put on other markets that have even only tangential relationships (aka The Bezzle).
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Aug 25, 2015 13:45
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So America's gonna be just fine, right?! 
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Aug 25, 2015 14:25
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