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End of the China bull?

Looks like there are more falls to come in China, as the SSE falls 8% !!!!

A comment from a social media website about the 8% drop:
It's now 8%. We might see the circuit breaker today...

My office is completely silent. People are walking around with worried looks on their faces, both men and women alike. Everyone is choking.

Meanwhile, the Chinese pension funds (administered by local governments) can now invest 30% of net assets in the share markets.


As for what retail portfolios might be doing, here are some graphs I made a while back:




It won't be long now until those who invested at the start of the year are making a loss...
 
Some more select posts that illustrate the thinking going on at the moment. Translations were done by another poster on that website.



 
2000 looks like a nice resting area.

like all things what comes up comes down... shows how small memories are considering what happened in 08

once it settles there will be one hell of a range till the pain leaves the minds.
 

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Hopefully the dictators have woken up to the fact that they should just let it rip.
Even if it goes to 1000 in three days, which it won't, it will then become old news and the rest of the world will start to think like it was 3 weeks ago and things will look fine.
China is China, they will say, and there is plenty of places to get cheap labor now so who cares?
 

When the currency is no longer affordable to support, what then? Tick Tock Tick Tock
 

SSE currently down 5.7% according to google finance
 
The Chinese economy and stock market have very little correlation historically, especially so in the past year.

I tend to think when an economic meltdown occurs, it's obvious, you don't need to go looking for it. Right now we're still looking for it, so still awaiting.
 

Here's looking at you kid


Imports exports down over 8%
Property market off by 20% from highs.
Market Crashing, stimulus not working, Currency war pending, ports carrying 17% of trade exploding, North Korea (China) shooting.
PMI out and out obvious lie.

They tried to pull the same (property)con on the people by promoting the stock market in the propaganda press to make it look like the country was moving to consumerism from a Tiger. Not so easy as we see.

Don't need to look too hard!
 
They tried to pull the same (property)con on the people by promoting the stock market in the propaganda press to make it look like the country was moving to consumerism from a Tiger.

Still trying -

 
8.4% Smashing on the Shang Dang Fang Pang Wang Pow Kill Bang.
This is good.
Get it over and done with. Everyone will start saying - SHANGHAI is just a gaming floor for property developers and not much to do with China economy and things will feel fine again.
US futures were over around 2.4% up. Second thinking themselves, now dropped back to 1.5% ish.
 


What's next?
3.5 year jail term for spreading rumors - AKA 'talking about the stock market?'
1000 Yuan reward for dobbing in a friend.
 
Classic path of an asset bubble. Wait for reversion to long term mean and reduction in volatility
 
Haitong is one of the biggest state-owned brokerages in China, as powerful as Goldman or Morgan Stanley to the puppets, I mean people, I mean Chinese.
"now under official investigation" by Chinese securities regulator!
I like Xi's vacuum cleaner. I hope he gets em all, eventually.
 

This is such rubbish. What caused the hot money was the communist propaganda in the media telling all the citizens that when markets were peaking that it was 'just the beginning.'

In my opinion The shadow banking system in China has always been the turbo in the engine and has been the worlds biggest and ultimately free market - Totally raw - unregulated and just runs a like a wild animal, which actually does quiet well in the wild!
 

https://translate.google.com/transl...015-08/25/c_1116370857.htm&edit-text=&act=url
 
If you don't jump out the window.

It's worse -



This is China's Lloyd Blankfein.
Guess he was riding the trends too well. You know, doing his job!
 
An illustrative graph that shows just how much more the CNY needs to be devalued compared to China's trading partners



More devluations to come? Or maybe the JPY and EUR will begin to appreciate?
 
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