I’m not so sure that they’re wrong to do so. Like all things, freedom and free markets are the best way to go... but those who abuse the rules and hurt others need to be punished.
Short selling is part of market dynamics.
China needs to get out of the deep-end if it can’t swim.
Zero Hedge acting as ChiCom apologists.
What a surprise. Not.
F China.
<>p>Short seller.I’m probably wrong, but I can’t help but think that the Banksters are behind this and yesterday’s shutdown on the NYSE was a test by China.
Short selling of China stocks on the Nasdaq and NYSE is out of control for the last year. You look at some good Chinese stocks on the Nas (KNDI, BABA, QIHU, etc) and their p/e is ridiculous. KNDI has a p/e of 8 with a growth rate of 150% a year. The shorting of that stock (probably by Buffett) is out of control. It’ll be okay in the long run, but this year has been horrible.
Mao is rolling over in his proletariat grave.
When Tony Blair handed Hong Kong over to Communist China in 1997, it was said that Hong Kong was too big of a Capitalist pill for Communism to swallow, and they just might have been right. It took them eighteen years, but I think they just choked on it