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 ...
Dow future, that is.
China failed to learn Japan’s lesson from back in the 80’s/90’s. Remember when we thought Japan would buy all of America?
Now look at their economy.
The Fed has painted itself into a corner and has few options to deal with this collapse. To make matters even worse, the Fed also has very little credibility. It will be interesting to watch their reaction to this mess and their associated spin cycle.
Wonder if trading will be halted at some point tomorrow (limit down, trading curbs)?
Right now the Chinese are actually buying up property all over Nevada
and beyond. In Reno they're hiring management firms because they're
buying so many homes. And guess which bubble is about to pop again?
Buy list? Mine is BX, OA, WY, VSTO, WAT
Good question. I’ll be up in the morning watching hair turn gray, live on TV.
If a Republican is elected president, I fully expect Yellen to start yelling about interest rate hikes.
If a Republican is elected I fully expect Yellen to be gone by any means possible.
Are you shorting?
The Plunge Protection Team must be feverishly working tonight. Can’t wait to see why kind of intervention scheme they cook up now that the Fed has backed itself into a corner. My bet is they get their surrogates on Wall Street to pump up the S&P. Watch for big green volume spikes in the morning.
I find little consolation that it is not yet down as far from the peak as it got in 2011. That was like 16% or better. 16,000 is 12.5% so far.
In ‘11 it was back by Christmas.
Past performance and all that rot.
It never gets any easier to take. You know you are a fool to sell though.
You are 100% correct. That is exactly what will happen.
Dr. Copper has been flashing warnings for some time now.
Yes. Getting another administration in office with intentions toward big taxing and spending will add even more interesting problems to the mix, and so far, another one of those is on the way. Let them default and repudiate. It’s the only way to get them off of our backs.
I've seen it go up $20 on opening with a smaller drop. It's the inverse of UWTI which
gains when oil prices rise. Just another page to keep an eye on.
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