Probably want to avoid walking on the footpath around the Shanghai financial district for a while....
china stockexchange sse
- Thread starter Peter
- Start date
Surprised it's moving up and down so much given no one is allowed to trade anything!
SilverPete said:
I'm sure buying is allowed also, but no one is allowed to sell!
-j-p-shmorgan
New Member
It's times like these that I can appreciate living in a country that is NOT communist.
-j-p-shmorgan
New Member
aleks said:
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
China isn't communist.-j-p-shmorgan said:
Socialist single party state.doomsday surprise said:
-j-p-shmorgan
New Member
Capitalism, socialism, communism.... all of the above.
-j-p-shmorgan said:
How would you describe the system of govt you reside under?
silver kook
Active Member
Don't panic. Still up 100 per cent for the year. Wish I was sitting on gains like that.
-j-p-shmorgan
New Member
Eureka Moments said:
Capitalist. For sure! All about the benjamins.
Chinese showing typical bubble behaviour, just like the west, but I wonder with these interventions whether the standard bubble phases will play out
Have a new post up on whether this crash will affect gold http://research.perthmint.com.au/20...ous-than-gold-impact-of-china-crisis-on-gold/
Have a new post up on whether this crash will affect gold http://research.perthmint.com.au/20...ous-than-gold-impact-of-china-crisis-on-gold/
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.
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.