Posted on 08/23/2015 7:31:31 PM PDT by TigerLikesRooster
Chinese shares drop in dramatic free-fall
24 August 2015
Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders.
The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's sharp losses.
The sell-off continued despite China's latest attempts to reassure investors.
Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.
(Excerpt) Read more at bbc.com ...
short China Short China SHORT CHINA
BEAR BEAR BEAR
Negative interest rates:
http://www.zerohedge.com/news/2015-05-19/cashless-society
http://www.thewaroncash.com/blog/economic-destruction-of-going-cashless
Don’t forget Soros, you know his slime trail is leading to or from something in all this...
The Shanghai Index was 3,240 on MAR 6 and quickly rose to 5,166 on JUN 12. It is currently at 3,231. Funny how the world doesn't see it as flat for five months, but rather in free-fall for two months.
Shanghai Composite Index:
2452 NOV 20
3240 MAR 06 (up 33 percent in 16 weeks)
5166 JUN 12 (up 112 percent overall in 30 weeks, up 58 percent in 14 weeks)
3231 AUG 24 (down 37 percent in 10 weeks, still up 33 percent overall for the last 40 weeks)
marker
Japan is fine, it dominates a lot of high value manufacturing most especially in components. They have no immigration and in a century, Japan will still be Japan. They are the 3rd largest economy in the world on a barren island devoid of resources.
this is the time to buy
I just wish I had to capital to do so
Happy new week all! The sell-off continues because of China (?) or worries about the the next FOMC meeting next month (?) with their for-sure scheduled rate hike (?). OK, we're all clueless about the future and the 'why' of now, but at least we know that futures traders have signed contracts that assume an overall sell-off:
--which actually is not as bad as it looked last night (see above). In the mean time maybe those of us who like the idea of buying on the dips can tell us why they're sure that the dip is now and not something even more dippy next week. At least there are no major econ reports today.
Sadly, your correct analysis applies to Beijing and Washington. GW Bush lead the way when he set aside his ‘free market leanings’ and cronied the economy.
Ladies and Gentlemen...... The pilot has put on the seat belt sign. Please prepare for turbulence.
Thanks.
Does it make any sense that metals are taking a hit?
Not saying this is a crash, but sometimes in panic mode, their is a vacuum effect downward on everything during liquidation.
we’re all clueless about the future... but rely on 12 central planners to determine future monetary policy.
Demand for silver eagles and other silver bullion, including 90% silver coins has gone viral, to the point of sometimes being unavailable. For an interval, the gov had to halt sales of Silver Eagle in order to catch up with demand. Some silver mines have closed because they can’t profit with the current price on silver. How does that jive with silver prices not going up?
Boy! That’ll put a lump on yer noggin.
They're hired help. We do what we can ourselves and if there's more we hire others to help out. If they do good work we keep them or fire 'em if not. I'm happy w/ their work but if you're not then please tell us who's got a better track record so we can hire them.
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