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It's back up to merely -2.2%.
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Sep 1, 2015 03:55
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Gee I wonder what happened.
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Sep 1, 2015 03:56
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Fojar38 posted:Gee I wonder what happened. They must've caught the other guy that was spreading malicious rumors. All is well now.
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Sep 1, 2015 04:15
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"Oh my god look at all the people they arrested! It must be even worse than we feared! Sell! Sell!"
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Sep 1, 2015 10:30
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http://www.bbc.co.uk/news/business-34105238quote:China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow.
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Sep 1, 2015 13:27
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Why can't they rig the PMI too?
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Sep 1, 2015 14:01
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The Dow is taking things nicely.
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Sep 1, 2015 15:05
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 Man, that is a perfect visual of a dead cat.
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Sep 1, 2015 15:21
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Warcabbit posted:
Or a skunk about to spray.
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Sep 1, 2015 15:28
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A bunch of Chinese brokerages are being asked to inject monies into the market, apparently: https://mobile.twitter.com/george_chen/status/638724678287101953
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Sep 1, 2015 15:52
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Glad to see that the great fall of china is far, far, far from over. 
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Sep 1, 2015 15:58
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MothraAttack posted:A bunch of Chinese brokerages are being asked to inject monies into the market, apparently: How many more rounds of searching for money in the couch cushions are we going to see? They're so committed to a plan that can't possibly work.
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Sep 1, 2015 16:13
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100 Billion doesn't seem likes its going to make much of a scratch.
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Sep 1, 2015 16:18
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CommieGIR posted:100 Billion doesn't seem likes its going to make much of a scratch. Yes, well, its not every Sun, Liu, and Cao who has 100 billion capital on hand to be commanded to invest in the Chinese markets. I do like thinking about all the ways in which greed will prevail, and how much money is flowing back to America as China scares the poo poo out of its institutions with its untargeted purges.
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Sep 1, 2015 16:21
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It came from the Poltoons thread.
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Sep 1, 2015 17:46
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So economists use the word "correction" in the same way that doctors use the word "discomfort" right?
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Sep 1, 2015 19:37
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They're turning their stock market collapse into performance art.
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Sep 1, 2015 19:43
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How are u posted:It came from the Poltoons thread. "Draw something related to China. Draw something related to the stock market. Make it look sad. Bam, paycheck earned"
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Sep 1, 2015 20:00
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Can't even use a bear. Geez.
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Sep 1, 2015 20:38
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Warcabbit posted:Can't even use a bear. Geez. A panda bear market, you could say. Correction implies the potential for movement in both directions. Understand that there is a normal level for stock prices, which is a reasonable multiplier of their dividend to holders, and a correction in Stock market terms is any movement towards that level.
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Sep 1, 2015 22:55
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Morrow posted:A panda bear market, you could say. That would have made a much better comic.
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Sep 2, 2015 00:42
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Malcolm posted:That would have made a much better comic. I'm sure he tried that first before the editor reminded him they already published 30 of them.
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Sep 2, 2015 01:10
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No I'm pretty sure that this page of this thread will be heralded as the nascence of the panda bear China stock market metaphor.
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Sep 2, 2015 02:27
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-4% start to the day, back to the 3000 mark
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Sep 2, 2015 02:33
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BCR posted:-4% start to the day, back to the 3000 mark Don't worry it'll spike from
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Sep 2, 2015 02:34
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Market has opened and has shat itself (before it could get to a sidewalk).
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Sep 2, 2015 02:35
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More arrests!
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Sep 2, 2015 04:28
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Ahahah look at that loving bullshit. Do they think they're fooling anyone?
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Sep 2, 2015 04:42
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Check out the trade volume. It is like a third or quarter of volume from last year before the bubble.
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Sep 2, 2015 05:12
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Fojar38 posted:Ahahah look at that loving bullshit. Do they think they're fooling anyone? My dipshit internet guy prediction is that the market has been propped up the whole week for the big military dick waving parade day. Probably close over +2% today with a huge EOD injection. Markets are closed Thurs and Fri for the holiday. Big dump on Monday. Next week closes out negative 15-10%.
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Sep 2, 2015 05:16
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CommieGIR posted:More arrests! stock market is like tinkerbell, you have to believe to make it fly again
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Sep 2, 2015 05:23
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The Butcher posted:My dipshit internet guy prediction is that the market has been propped up the whole week for the big military dick waving parade day. Probably close over +2% today with a huge EOD injection. Mmm. And that's going to interact with Labor Day in an interesting way.
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Sep 2, 2015 11:48
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At some point the government will have bought all the shares that people are trying to sell and the market will be stabilized! No problemo.
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Sep 2, 2015 13:00
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Deep analysis from Yahoo! Finance(TM). It's Amateur Hour In China Rick Newman posted:This is the next superpower? You've got to be kidding. Anybody expecting China to dominate the world must be wondering how the Keystone Kops managed to take over the Politburo in Beijing. China has embarked on a long odyssey to prove that capitalism can work within the confines of a communist government. There have been many impressive successes. But the failures—including those we’ve seen on display this summer—reveal that China is nowhere near the global powerhouse it imagines itself to be or some western declinists fear it will become.
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Sep 2, 2015 17:12
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Mozi posted:At some point the government will have bought all the shares that people are trying to sell and the market will be stabilized! No problemo. And then China can just admit it's practicing State Capitalism...lol who am I kidding.
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Sep 2, 2015 17:14
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OwlBot 2000 posted:Deep analysis from Yahoo! Finance(TM). Pretty spot on.
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Sep 2, 2015 17:21
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OwlBot 2000 posted:Deep analysis from Yahoo! Finance(TM). And this guy's analysis is pretty amateur hour too. To quote from Harcort's "Illusion of Free Markets" Bernard Harcourt at page 151 posted:The entire history of the Chicago Board of Trade is, in truth, a series of government interventions and regulatory adjustments that have facilitated a state-sanctioned monopoly and empowered the private practices of a small association of brokers and dealers. Even a cursory glance at the legal framework that surrounds exchanges today reveals a web of intricate rules and oversight that is far from anything that could possibly be described as “free.” The fact is, shifts in regulatory mechanisms over the past two centuries have not reduced the amount of regulation, but simply changed its form and style. As John Campbell and Ove Pedersen suggest, “neoliberalism does not so much involve deregulation as re-regulation of economic activity.” And separetely from the CBOT example Bernard Harcourt at page 187 posted:There are regulations and liberties on both sides of the equation. The dispute involves, in essence, a clearly anticompetitive practice of collusion by brokers to “manipulate” or “stabilize”—pick your term—the price of stocks initially offered in a way that benefits the large institutions and affects the markets. Distributionally, the practice favors the larger investors and facilitates the efforts of companies seeking capital. It represents, at the end of the day, a form of market regulation that is accomplished by the joint actions of brokerdealers: actions that are expressly not regulated by the SEC, nor by the individual exchanges, but that in fact are constantly supervised, studied, and potentially regulated by all of these entities. It is, in effect, a regulatory web—an intricate nest of rules. And its resolution has a tremendous effect on the distribution of wealth. So the example of the United States as the paragon of true price discovery is a pretty big stretch. What the United States has is a regulatory system that allows massive market actors to collude and work inside the market to their benefit, and the government largely works with them to achieve the same goals. When you have major events like HSBC engaging in huge amounts of drug money laundering, or the *huge* scandal with Libor rate setting...we never do anything more than fine those actors. Because if we actually charged them with the criminal activities they're engaged in they'd lose their licenses, and in the process you'd take down most of the well established actors in the market that the government works with to make sure the market does what they want it to do. China isn't doing this. China is just trying to act like they have State Capitalism and can control their markets wholly by state policy, but to do that they'd have to unwind a fair amount of "liberalized" markets. They're pissing off the major market actors instead of working with them, and in so doing their markets are getting wrecked. They have huge capital reserves they can bring to bear along with the ability to apparently list and de-list at will...and that'd make for a fake market if they wanted that - but they're trying to have their cake and eat it too so to speak. Those major actors are used to the western way of doing things, which China has made very apparent they're not going to do. America doesn't have some magical way of making capitalism work - it's not a free market in any sense of the word whatsoever - but rather has a system that makes a small cadre of people extremely rich, and in the process most of the rest of the country more or less gets by. If China wants that they'll either have to play the game the same way the west does or invent their own way. If this is their own way then it's clearly not working.
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Sep 2, 2015 17:43
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Crashrat posted:And this guy's analysis is pretty amateur hour too. To quote from Harcort's "Illusion of Free Markets" I wasn't serious about "deep analysis." Supply and demand doesn't operate like that real economies.
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Sep 2, 2015 17:48
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Is the economy still tumbling down?
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Sep 6, 2015 19:35
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| # ? May 10, 2024 20:26 |
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You'll find out in approximately 7 hours.
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Sep 6, 2015 19:42
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