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We are at +0.1%, somehow things have rapidly bounced back... that's a lot of pension money they must have poured in.
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Aug 26, 2015 04:40
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Bouncy bouncy bouncy...
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Aug 26, 2015 04:41
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So is the volume through the floor right now or what? e: Nope. lol
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Aug 26, 2015 04:44
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Lunch break. Closing bell has been lower than the start of lunch for the past five days straight at least. Let's see if they break the curse.
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Aug 26, 2015 04:46
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-Zydeco- posted:I have no idea how stock markets work. Whats the deal with pensioners? Is the Chinese government using some sort of federal retirement fund to buy worthless Chinese stocks to try and make it look like the market is staying steady? Which begs the question, what to do when this fails to work? Require are mid level PRC goons to use their secret funds to continue buying more? Liquididating personal savings at the BoC and using them to buy stocks?
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Aug 26, 2015 05:08
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-Zydeco- posted:I have no idea how stock markets work. Whats the deal with pensioners? Is the Chinese government using some sort of federal retirement fund to buy worthless Chinese stocks to try and make it look like the market is staying steady? The law got changed to allow Chinese pensions to invest in risky local investments like derivatives or A class stocks. Government is hoping a flood of pension money will help revive the market.
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Aug 26, 2015 05:12
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etalian posted:The law got changed to allow Chinese pensions to invest in risky local investments like derivatives or A class stocks. Note that it's pensioned administered by the 'local' Chinese authorities that are opening up volumes of cash to flow into the markets. This isn't petty change either - it's opening up literally hundreds of billions of US Dollars worth of RMB to prop up the stock market. And I imagine any good 'pension administrator' is also a good member of the CCP. They'll support their party, even if it means having a pig roast over the bonfire of pensioner's money. side note: They opened up a wide ranging option of securities to be invested in by the pensions, so it's not all just 'BUY STOCKS BURN MONEY'.
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Aug 26, 2015 05:17
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Hey there's still a long way to go until negative interest rates!
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Aug 26, 2015 05:21
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Pimpmust posted:Hey there's still a long way to go until negative interest rates! Would anyone be dumb enough to actually try that?
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Aug 26, 2015 05:28
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Shadoer posted:Would anyone be dumb enough to actually try that? Yes, Europe.
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Aug 26, 2015 05:29
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Shadoer posted:Would anyone be dumb enough to actually try that? Sveriges Riksbank.
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Aug 26, 2015 05:51
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Shadoer posted:Would anyone be dumb enough to actually try that? It's one of the few tools available to combat deflation once deflation has reared it's ugly head. It's more impactful when you think of the a central reserve lending to banks and other financial institutions. It incentivizes those institutions to lend money to consumers so the banks aren't left holding non-performing assets (cash). The Banks (or customers) are essentially paying a 'tax' to keep their money safe in conventional accounts. That makes lending, spending, and investing more attrative as it acts to offset some of the intrinsic risk when pricing those opportunities. Banks can then pass that along to consumers because it gives consumers incentive to increase spending in the short term because they lose purchasing power in the long term. This, in theory, increasing the velocity of funds through the economy and can hopefully get you back into a healthy interest rate territory. I'm not arguing it's an optimal tool, but that's why you could be using it. Japan has been one of the examples if you're interested in digging deeper into the subject.
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Aug 26, 2015 05:53
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Often after a giant vertical dive in a market, there is often a brief "stabilization" before a more swallow decline to its ultimate bottom (2100-1800 in case of the Shanghai exchange). Markets rarely actually just collapse into nothing in a single run but slowly reach equilibrium after a initial complete panic.
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Aug 26, 2015 05:55
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I think all the government's stabilization efforts really did were rob us of a dramatic 5000 to 2000 implosion back in July and instead drag the ordeal out into a pathetic, whimpering slow death
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Aug 26, 2015 05:59
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Wrap it up, 3000 and up  Am I even reading this right?
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Aug 26, 2015 06:04
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Traveller posted:Wrap it up, 3000 and up The glorious China defeats the evils of Western Economic Science.
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Aug 26, 2015 06:09
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This is a heck of a bounce relatively speaking; did something just happen?
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Aug 26, 2015 06:13
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Does anyone have a volume stream?
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Aug 26, 2015 06:14
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Fojar38 posted:This is a heck of a bounce relatively speaking; did something just happen? Pension money hit the market, probably
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Aug 26, 2015 06:14
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Fojar38 posted:This is a heck of a bounce relatively speaking; did something just happen? 
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Aug 26, 2015 06:17
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Fojar38 posted:This is a heck of a bounce relatively speaking; did something just happen?  Who knew that the secret to reviving the A-shares would be Mercury_Storm fucked around with this message at 06:24 on Aug 26, 2015 |
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Aug 26, 2015 06:22
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“The market is never short of money and I won’t be the last person to sell" http://www.bloomberg.com/news/articles/2015-03-25/china-bulls-adopt-price-to-whatever-ratio-as-market-math-upended lol
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Aug 26, 2015 06:28
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Fantastic_Mr_Fox posted:Does anyone have a volume stream? 成交量: 3.26亿手 = Volume: 326 million lots 成交额: 3213.59亿元 = 321 billion yuan turnover
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Aug 26, 2015 06:34
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Fojar38 posted:This is a heck of a bounce relatively speaking; did something just happen? 
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Aug 26, 2015 06:45
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Do you guys think we'll get anothe round of QE?
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Aug 26, 2015 07:10
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Who's 'we'?
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Aug 26, 2015 07:14
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Aug 26, 2015 07:24
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Oh boy it's tanking in last 10 minutes
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Aug 26, 2015 07:49
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hahahahhahaha -1.7 now
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Aug 26, 2015 07:51
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Aug 26, 2015 07:53
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I think the pension money just ran out!
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Aug 26, 2015 07:55
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-0.18% We are back in the red baby!
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Aug 26, 2015 08:02
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They slammed enough money to get a nearly 250 boost and got left with -50 from opening at the close. #justchinesemarkets
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Aug 26, 2015 08:03
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Holy gently caress -1.11% it's crashing like a stone!
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Aug 26, 2015 08:04
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That's some nice delayed quotes you got thur
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Aug 26, 2015 08:08
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Euro markets are crashing.
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Aug 26, 2015 08:12
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Ahahaha they shoveled all that money in and couldn't even break even.
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Aug 26, 2015 08:18
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Fojar38 posted:Ahahaha they shoveled all that money in and couldn't even break even. Fortunately any investor that isn't insane has likely been able to get their money out without too much loses, courtesy of those pensioners. Now those lazy greedy pensioners and that big fat government will be holding the bag and those job creators will be scott free.
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Aug 26, 2015 08:24
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Ardennes posted:Often after a giant vertical dive in a market, there is often a brief "stabilization" before a more swallow decline to its ultimate bottom (2100-1800 in case of the Shanghai exchange). Markets rarely actually just collapse into nothing in a single run but slowly reach equilibrium after a initial complete panic. Except it's been dropping since the June. It's possible this is the bottom.
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Aug 26, 2015 08:25
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sudo rm -rf posted:Except it's been dropping since the June. It's possible this is the bottom. Looking at the market at a whole, it is still obviously quite overvalued compared to where it was at the same point last year. Usually, after a bubble like the one at the moment collapses, it takes a while for it to work out before that bottom is found. It may drag out longer in China simply because the state has a stake in the market itself in quite a literal sense. Ardennes fucked around with this message at 08:39 on Aug 26, 2015 |
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Aug 26, 2015 08:31
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