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Jumpingmanjim posted:Doesn't it open at half past? They must be posting from the future.
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Aug 25, 2015 02:30
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The Chinese market is collapsing in on itself so hard that it's warping space time.
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Aug 25, 2015 02:31
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Jumpingmanjim posted:Doesn't it open at half past? I guess it opened briefly or something? The Google Finance ticker shows it closed, but it definitely went down in the last ten minutes or so. e: it's definitely open now and reading -5.7%
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Aug 25, 2015 02:31
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And we're off 
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Aug 25, 2015 02:31
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Numbers swinging back up hard - here comes that sweet CCP money.
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Aug 25, 2015 02:32
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We're in the middle of a rally buy buy!
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Aug 25, 2015 02:32
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It's down guys.
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Aug 25, 2015 02:32
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Closed again. What the hell is going on here?
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Aug 25, 2015 02:32
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cheesetriangles posted:Wasn't that holistic medicine bullshit made up by Mao after he killed all the doctors? I'll just say yes so I can feel better about the working conditions for the Chinese factory workers making the new iwhatever. Posted from my iphone.
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Aug 25, 2015 02:33
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Well on the plus side all those pension funds made the number go up for like 90 seconds.
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Aug 25, 2015 02:34
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The Crash to Americans in a nutshell: https://www.youtube.com/watch?v=A4zFTZ216Fg
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Aug 25, 2015 02:34
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I sure wish the world market wasn't crashing and dragging the Chinese market down with it.
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Aug 25, 2015 02:34
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god drat another day of -6% right off the bat..this is getting brutal
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Aug 25, 2015 02:35
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Going to break 3000 
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Aug 25, 2015 02:35
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Fojar38 posted:That's why this is so glorious; honestly the fallout in the developed world isn't going to be particularly severe unless you put literally all your chips in the China basket in which case you deserve to lose your money for making a dumb investment. I didn't but I can't say the same about the morons who run the company I work for, they're heavily invested into growth in China and they're paranoid idiots whose response to pretty much anything happening is layoffs and draconian cost cutting measures. At least I can take satisfaction in the fact that if they do further layoffs while we're already hemorrhaging employees they will essentially have cut it down to uselessness, man these people are dumb.
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Aug 25, 2015 02:35
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hooman posted:I sure wish the world market wasn't crashing and dragging the Chinese market down with it. Oh boy, our market went down like everyone else! It's fun to be part of the global community!
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Aug 25, 2015 02:36
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Shanghai Composite -8.4%
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Aug 25, 2015 02:37
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A GIANT PARSNIP posted:Oh boy, our market went down like everyone else! It's fun to be part of the global community! China's ability to crush the global stock market is further evidence of the new sinocentric world order.
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Aug 25, 2015 02:38
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CommieGIR posted:Shanghai Composite -8.4% That's the old closing number from yesterday. We're at about -5.9% right now.
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Aug 25, 2015 02:38
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CommieGIR posted:Shanghai Composite -8.4% That's yesterday's silly.
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Aug 25, 2015 02:38
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Are brics over?
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Aug 25, 2015 02:39
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cheesetriangles posted:Are brics over? Did India ever start?
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Aug 25, 2015 02:40
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cheesetriangles posted:Are brics over? for a while
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Aug 25, 2015 02:40
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cheesetriangles posted:Are brics over? They've been over for a few years now this is just hammering it home
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Aug 25, 2015 02:40
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Its zigzagging like crazy. Let's put some wagers on it, I predict a +3.5% close, thanks to Chinese pension money (which will evaporate by the end of this month).
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Aug 25, 2015 02:40
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Don't worry guys, the market went down so much yesterday, a 6% drop today is only as big as a 5% drop yesterday! 
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Aug 25, 2015 02:41
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cheesetriangles posted:Are brics over? well we can already see what's happening to China, I don't think South Africa was ever A Thing, same goes for India, Brazil is having its own set of issues, and lmao@Russia But I openly invite anyone to correct me if I'm wrong.
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Aug 25, 2015 02:41
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Another Person posted:for a while Get on steam.
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Aug 25, 2015 02:42
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Freezer posted:Its zigzagging like crazy. I'm thinking it'll even out at best. Investors have to be terrified by the fact the government is actually throwing pension money in. That kind of desperation means things are hosed.
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Aug 25, 2015 02:42
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NEED TOILET PAPER posted:well we can already see what's happening to China, I don't think South Africa was ever A Thing, same goes for India, Brazil is having its own set of issues, and lmao@Russia China was literally the crown jewel of the whole idea of the BRICS and the only thing anyone could point at to salvage the idea. Until now. 
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Aug 25, 2015 02:43
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http://news.xinhuanet.com/english/2015-08/25/c_134551532.htm "Brendan Ahern, the portfolio manager of KraneShares, said that the U.S. equity markets have done exceedingly well without a significant correction which has been overdue. And U.S. valuations have risen along with stock prices unabated for seven years. Stephen Roach, professor at Yale University and former chairman of Morgan Stanley Asia, said the U.S stock market has been supported by the Federal Reserve's expected move, not by the weak economic recovery. "That's all we've been concerned about. The support from the Fed was artificial, but the policies are not necessary for the fundamental change of the economy," he said."
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Aug 25, 2015 02:43
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cheesetriangles posted:Are brics over? it's all up to MINT now (mexico, indonesia, nigeria and, uhhh, maybe turkey?)
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Aug 25, 2015 02:46
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Adventure Pigeon posted:I'm thinking it'll even out at best. Investors have to be terrified by the fact the government is actually throwing pension money in. That kind of desperation means things are hosed. Don't worry guys, just listen to CNBC, no risk of recession here, the stock market isn't related to the economy, just a few old dudes screwing up the free market, if anything China is just growing too fast!! http://www.cnbc.com/2015/08/24/nervous-us-markets-hinge-on-chinas-next-step.html Edit: worth noting the central bank dumped 150 billion yuan into the interbank market at opening this morning. MothraAttack fucked around with this message at 02:48 on Aug 25, 2015 |
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Aug 25, 2015 02:46
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http://www.businessinsider.com/chinas-slowdown-will-lead-to-sustainable-growth-2015-8 http://www.businessspectator.com.au/article/2015/8/25/china/chinas-fearmongers-need-reality-check https://www.youtube.com/watch?v=85t3aLQzTsI
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Aug 25, 2015 02:50
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MothraAttack posted:Don't worry guys, just listen to CNBC, no risk of recession here, the stock market isn't related to the economy, just a few old dudes screwing up the free market, if anything China is just growing too fast!! "The U.S. won't be affected by a Chinese downturn!" "The dip is coincidental because U.S. stocks were overvalued anyway! This is a normal correction and you'll see green next monday/tuesday!" "Ok so there is a panic contagion but it's irrational because U.S.'s real economy is fine! The job market's great and housing is up! The stock market isn't connected to the economy!"
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Aug 25, 2015 02:51
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It's up to -4.9%, buy buy buy buy buy buy buy
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Aug 25, 2015 02:54
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Look at all that money being pumped in.
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Aug 25, 2015 02:54
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zomg rally!!! e: no seriously how many pensionners were just ruined for this little bump
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Aug 25, 2015 02:54
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I'm gonna go buy some chinese stocks.
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Aug 25, 2015 02:55
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Welp, it's at -3.75 now. Guess shoveling all those pensions into the fire is working.
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Aug 25, 2015 02:57
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