China Stocks Plunge Into Bear Market | Latest (8/24): "Black Monday"
- Thread starter Scientific Playa
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- bear china panic-selling stocks
Mohammed Sindhi
a really simple admirer
The current form of capitalismm is dying..
ill
Superstar
Asian stocks also took a beating following Greece's vote against austerity, while Shanghai bucked the trend due to a salvo of fresh support measures. Over the weekend, China's biggest brokerage firms unveiled a government-endorsed plan to buy at least 120B yuan ($19.3B) of shares, while Beijing suspended IPOs until further notice. About $2.7T in market value has evaporated since the Chinese stock market peaked on June 12. That is six times Greece's entire foreign debt, or 11 years of Greek economic output. Shanghai +2.4%.
$2.7 trillion see ya later
$2.7 trillion see ya later
Wouldn't this be time to buy?
Pretty sure ive heard about dudes caking from the market hitting the shytter in 08'
Pretty sure ive heard about dudes caking from the market hitting the shytter in 08'
ill
Superstar
Hasn't bottomed out yet. Fear and panic has to set in first then you buy. People made a killing after the bottom after the 2001 crash
Will this spread?
Camile.Bidan
Banned
It's been a Long time coming. A correction will be good for the Chinese economy in the long run.
The Chinese government has the power to immediately stop policy that doesn't work and start fresh ideas without a cumbersome democratic system. They have the advantage here.
The Chinese government has the power to immediately stop policy that doesn't work and start fresh ideas without a cumbersome democratic system. They have the advantage here.
Domingo Halliburton
Handmade in USA
type 'chinese ETFs' into google. I think FXI is the biggest one. Understand the risks before you do this though.
i was just about to open an investment account. Literally, in minutes
was cleaning out some stuff and am glad i saved this story...
How algorithms written by coders on Wall Street rule your financial world (yes yours)
Published: November 5, 2013
http://www.blacklistednews.com/How_...cial_world_(yes_yours)/30123/0/38/38/Y/M.html
High frequency trading has changed the investing world, fundamentally. If you do not write algorithms, if you do not benefit from the super dark high frequency trading system, you are on the outs.
Because it's all paper breh. Think about paper currency like your favorite has been rapper. Once Ja Rule lost his following, what was his club appearance worth? Same with paper currency, once it loses it's following it literally goes to zero overnight, similar to Ja Rule, Limp Bizkit, Taye Diggs, etc etc. The people with land, gold, and animals never go broke, because their wealth is not in a piece of paper.
Domingo Halliburton
Handmade in USA
sorry for the sizing of this but I got it off twitter.
I looked SHCOMP on a charting site and it looks like 3,000 would be a nice support though if it fails, it could dive around 2,300.sorry for the sizing of this but I got it off twitter.
Domingo Halliburton
Handmade in USA
I'd have to look closer at it but I don't think I'd touch it anytime soon.