china stockexchange sse

Discussion in 'Markets & Economies' started by Peter, Jul 7, 2015.

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  1. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Probably want to avoid walking on the footpath around the Shanghai financial district for a while....
     
    Caput Lupinum, Jul 9, 2015
    #21
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    To avoid slipping on the blood or being hit by rubble?

    [​IMG]
     
    SpacePete, Jul 9, 2015
    #22
  3. Peter

    Peter Well-Known Member

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    Presently up 5%
     
    Peter, Jul 9, 2015
    #23
  4. PT Cruiser

    PT Cruiser Active Member Silver Stacker

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    Surprised it's moving up and down so much given no one is allowed to trade anything!
     
    PT Cruiser, Jul 9, 2015
    #24
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I'm sure buying is allowed on the remaining tradable stocks if it lifts the price.
     
    SpacePete, Jul 9, 2015
    #25
  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    Wonder if they'll round up all the short-sellers and harvest their organs after a summary execution?
     
    willrocks, Jul 9, 2015
    #26
  7. PT Cruiser

    PT Cruiser Active Member Silver Stacker

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    I'm sure buying is allowed also, but no one is allowed to sell!
     
    PT Cruiser, Jul 9, 2015
    #27
  8. -j-p-shmorgan

    -j-p-shmorgan New Member

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    It's times like these that I can appreciate living in a country that is NOT communist.
     
    -j-p-shmorgan, Jul 9, 2015
    #28
  9. Peter

    Peter Well-Known Member

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    Finished 5.7%
     
    Peter, Jul 9, 2015
    #29
  10. aleks

    aleks Well-Known Member Silver Stacker

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    Down 3% then up 5% today :lol:
     
    aleks, Jul 9, 2015
    #30
  11. -j-p-shmorgan

    -j-p-shmorgan New Member

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    70% or more of their stocks have been "paused" to prevent further selloffs.
    The government was dumping $ into the market trying to prevent further panicking.
    These Chinese stocks lost trillions and trillions.

    Today, unfortunately, is not much of a win for China. lmfao
     
    -j-p-shmorgan, Jul 9, 2015
    #31
  12. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    China isn't communist.
     
    doomsday surprise, Jul 9, 2015
    #32
  13. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Socialist single party state.
     
    bordsilver, Jul 9, 2015
    #33
  14. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Capitalism, socialism, communism.... all of the above.
     
    -j-p-shmorgan, Jul 9, 2015
    #34
  15. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    How would you describe the system of govt you reside under?
     
    Eureka Moments, Jul 9, 2015
    #35
  16. silver kook

    silver kook Active Member

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    Don't panic. Still up 100 per cent for the year. Wish I was sitting on gains like that.
     
    silver kook, Jul 9, 2015
    #36
  17. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Capitalist. For sure! All about the benjamins.
     
    -j-p-shmorgan, Jul 9, 2015
    #37
  18. bron suchecki

    bron suchecki Active Member Silver Stacker

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    bron suchecki, Jul 9, 2015
    #38
  19. willrocks

    willrocks Well-Known Member Silver Stacker

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    So why are they going full-retard trying to keep control of it?
     
    willrocks, Jul 9, 2015
    #39
  20. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Because many many millions of ordinary people who now make up the majorty of the market got in near the top. Highly leveraged local and international groups pumped it up and then got lots of the money out and a fair amount of it went off shore. Also, this sott of volatility is bad for business, really bad. They should have stepped in to slow things down but letting it crash now will freeze up the economy for a long long time as some companies go broke and capital/credit disappears from fear of volatility.

    Of course the way they have intervened is going to scare investors away anyhow, not being able to sell shares that would otherwise be taking a nose dive and forcing brokerages from selling anything at all along with any number of other measures is going to be scaring people for years after things normalize.
     
    phrenzy, Jul 9, 2015
    #40
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