China Stocks Are Higher

BI ^ | 8-26-2015 | David Scutt

[blam]

David Scutt, Business Insider Australia
August 26, 2015

Chinese stocks have finished Thursday’s morning session sharply higher.

At the mid-session the benchmark Shanghai Composite index is up by 1.55% following three days of savage losses.

Despite the gain, the index is still down 15.26% for the week.

All sectors are currently trading higher with industrials, up 2.8%, topping the list.

(snip)

[blam]

Posted earlier today:

STOCKS GO NUTS, DOW GAINS 620

[Parley Baer]

Hopefully everything has bottomed out.

[Greetings_Puny_Humans]

Looking at the chart, it plunges, goes up, plunges, goes up, plunges, goes up. I don’t understand how anyone in their right mind could be buying into that market. More than likely they’re not. It’s all Beijing directly purchasing stocks to try to stem the tide.

[minnesota_bound]

My Netflix is now in the plus range for me after dropping as low as $92 at one point this week. It is now +$110. After hours shows $112 which is a good sign for Thursday.

[Bobalu]

A house of cards.

And the wind is coming up.

[dp0622]

I dont think you could find an honest statistician that would say this is a good buying opportunity.

It might be. It night not.

It WILL be when it takes out the old high.

Why take a chance to make 10 percent?

Where is the stop in a market like this? It’s a guess.

For 401k folks, staying the course makes the most sense at this point. The valuations aren’t that bad, but that could change with a year of bad sales.

We shall see.

[re_nortex]

If Red China is destroyed in this market mayhem, then it’s worth it. That evil, communist country is a dangerous enemy. Hopefully their economy will crater to the point where they resume their rightful status as an uncivilized, third world cesspool. They all ought to go back to riding rickshaws instead of ricers. With President Cruz or Trump leading the charge, Red China will be relegated to the trash heap as America comes roaring back!

[nickcarraway]

Well now that the Fed has an excuse to put off tightening yet again, that could be the excuse to drive the market up yet again. At least for a while.

[laplata]

A house of cards.

And the wind is coming up.

---

That’s right. It’s not if, it’s when.

[dp0622]

Incredible. It’s like putting off a root canal because it will hurt.

Ah, it’s just paper. I heard the Germans had plenty of it before WWII.

[oblomov]

Buy when volatility is high, sell when it is low.

[broken_arrow1]

All better...

[SaraJohnson]

The government owns most of the Chinese stocks and can order Chinese stock market traders to buy and sell at their will, or else.

China’s government is even more all powerful, crooked and corrupt than our government.

[Teacher317]

Despite the gain, the index is still down 15.26% for the week.

And is still up 30 percent over NOV 12, 2014. Anyone interested in an investment that had a bad few months and yet is STILL averaging 30 percent gains in just 9 months? I know I would be.

[Teacher317]

Look at the Shanghai Index going back to 2005 on a logarithmic scale.

That's only through 2014, before this latest roller coaster ride

(For the previous decade, from JAN 1995 to JAN 2005, it was relatively steady, rising from 560 up to 2200 in JUN 2001, and a similar steady decline back down to 1100, all with few huge troughs or peaks.)

And then the recent huge spike:
JUL 21 2014 closed at 2055...
NOV 20 2014 closed at 2455... up 20 percent points in 4 months
JUL 12 2015 closed at 5166...up 150 percent in a year!
AUG 26 2015 closed at 2927...down 40 percent in 6 weeks, but still up 20 percent over the previous 9 months.