End of the China bull?

Uncle Festivus said:

that will mean they have lost control,

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rimtas said:

They never had control over stock markets, it's opposite-market has a complete and total control of what governments do. After the crash, market forced them to take action, it's the same as selling at the bottom. Measures taken won't do anything.
Even if there are two persons left with one share holding per each, they can still push markets in any amount lower by selling those two stocks to each other. The only way to stop markets from going anywhere is to close the exchange. Bans and regulations do nothing to forces upon which markets are operating.

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waterbottle said:

I am not aware of any market which has never been regulated or controlled by government. Even eBay has rules!

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notting said:

China's state-owned investment company, Central Huijin Investment seems to be selling again today
Front running all those forced :bbat: into a six month suspension.

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CanOz said:

Waterbottle, here's my

I say we test for responsive participants (lots of selling) in the prior value area, marked in magenta. I can't help but think there will be sellers there....If the market doesn't reject that completely, then i would change my bias, until then i would not be short.

The Hang Seng has been dragged into a similar pattern, but the area where I'm looking at for prices to stall is not an area of prior acceptance, only rejection. Again, only my view....

Cheers,


CanOz

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The food conditions are so bad in China people are finding their uncooked pork glowing blue from phosphorescent bacteria, their watermelons spontaneously exploding from excesses in growth hormones, their eggs made from gelatinous compounds and the oils in their food recycled from sewer water.

“Qing wrote a book about foods tainted with pesticides, industrial salts, bleaches, paints and, especially nauseating, imitation soy sauce made from clippings swept up from hairdressers’ floors, sold for 5 cents per pound and sent to factories that extract from it an amino acid solution.”

Qing’s book never reached the people it was most intended for; it was banned in China. Qing was also forced out of the country in 2008 due to threats and attacks from police and thugs who wanted to defuse the inevitable backlash were his message to get out.

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BREAKING: Shanghai benchmark index down over 4% at opening; tech-focused ChiNext down 5%; over 200 stocks already down 10% limit at opening

From Monday Shanghai benchmark index broke 4000, 3900, 3800, 3700 points like non-stop train - Now under 3600 points.

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Chinese State media reports today calling "foundation of China's bull market remain unchanged."

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notting said:

One of those vicious short sellers -

[video]https://youtu.be/4owqPB0xcMo[/video]

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waterbottle said:

Poor man, I empathise with him. All he was trying to do his family's situation.

Well at least most of the movements have been in the green....

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Chinese state media: "foreign force must be behind stock market crash this time and let's fight to defend our wealth!"

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the first-half of 2015, growth by the financial sector was 17.4 per cent - (who knew?). If that pace were to slow down to even 10.4 per cent, GDP would shrink to 6.4 per cent.

The financial sector was growing this fast because in the first-half of the year the Chinese equity market boomed. As of June 12, that boom ended.

This means that China really needs the industrial sector to raise its game to prevent a collapse in the GDP figures.

Uncertainty around property is also warranted because it is unclear whether property sales are suffering as the sharemarket corrects. "It would be a very negative signal to the economy if sales growth started to slow because of the weak stock market," says analyst Vincent Chan.

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satanoperca said:

On cue so far.

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This is a man who built his career on wagers against Chinese companies, bets so successful that one analyst ranks the 41-year-old among the best short sellers worldwide -- more effective than industry giants from Carson Block to David Einhorn. Carnes’s bearish research caused such a stir in 2011 that he fled China and had to fight off fraud allegations. The ordeal landed one of his colleagues in a Henan province prison.

After one of his reports in 2011, targeting a Toronto-listed miner of silver in China, he got threats of violence and decided to leave the country.

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"But you get judged on how you deal with the hand that you are dealt."

There has been much debate over China's growth rate, with some analysts questioning whether the economy is growing anywhere near as fast as the government claims.

Mr Sperling said much of the commentary was based on the a slowdown in China's residential property market, the scale of which he witnessed on a recent trip to China.

"I have never seen so many blocks of apartment buildings with nobody in them," he said.

"It is staggering and there is no question that there is much of that going on throughout China."

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notting said:

~ Mr Sperling at Diggers and Dealers conference. Such a great first line in any arena!
Gene Sperling, advised both Barrack Obama and Bill Clinton on economic policy

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