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(02-07-2015, 08:10 PM)weijian Wrote: (02-07-2015, 05:29 PM)greengiraffe Wrote: Mainland mkts (including all asset classes) are well controlled...
China relaxes trading rules to try to curb share volatility
AFP JULY 02, 2015 1:50PM
Astute folks have observed that the Chinese authorities have knowledged that the equity market is alittle bubbly and have been taking steps to temper investors' moods (contrast that to Helicopter Ben's testimony in late 2007 that the subprime market was 'under control'. This most probably reflects that the chinese equity markets are still not ripe enough for the bubble bursting. Now, it is informative to know that they are acting like they are succumbing to keep the punch bowl in the party longer.
CCP manages the rice of their billion obedient citizens very carefully - they are good controllers of not only their own destiny but they are also widening their reach to control others...
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I view it differently. This is the 2nd attempt to push the shanghai market back up when the market falls after. They are micro-managing daily. I hope they know what they are doing. Is not easy to keep the balls continuously up in the air without good fundamentals. Something has to give.
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03-07-2015, 09:32 AM
(This post was last modified: 03-07-2015, 09:32 AM by BlueKelah.)
My view is similar, diverging earnings/fundamentals and share prices cannot be sustained over the longer term.
The 'weekend' rate cuts are now looking more reactionary rather than proactive.
Just like any other stock bubble, when it is blown big enough such that common folks are ignoring their jobs and caught up in the euphoria, when the tide changes, we all know what happens.
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While mainlanders have also cast doubts amongst foreigners with regards to their integrity, one must never doubt how CCP manages the expectations of their own citizens... its still a big bowl of rice afterall.
(03-07-2015, 08:36 AM)corydorus Wrote: I view it differently. This is the 2nd attempt to push the shanghai market back up when the market falls after. They are micro-managing daily. I hope they know what they are doing. Is not easy to keep the balls continuously up in the air without good fundamentals. Something has to give.
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03-07-2015, 09:45 AM
(This post was last modified: 03-07-2015, 09:48 AM by corydorus.)
(03-07-2015, 09:32 AM)greengiraffe Wrote: While mainlanders have also cast doubts amongst foreigners with regards to their integrity, one must never doubt how CCP manages the expectations of their own citizens... its still a big bowl of rice afterall.
(03-07-2015, 08:36 AM)corydorus Wrote: I view it differently. This is the 2nd attempt to push the shanghai market back up when the market falls after. They are micro-managing daily. I hope they know what they are doing. Is not easy to keep the balls continuously up in the air without good fundamentals. Something has to give.
Well so far is not working. From high of 5200 to below 4000. Many local retailers are burned. The next range with be between 3K-3.4K.
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03-07-2015, 10:14 AM
(This post was last modified: 03-07-2015, 10:21 AM by BlueKelah.)
3700+ liao today with very volatile trading happening. ~25%+ off the peaks, without doubt a spectacular 2 week correction, possibly leading into a crash.
Given the speed of trading and spread of news nowadays, and the fickle herd investing psychology of the chinese masses, this should all play out in about a couple weeks time.
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China's securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing's increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.
CNA: In struggle to stem market rout, China hunts manipulators
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤，用健康換取身外之物。 ^ 人生无常，珍惜当下。 ^ 放弃固执，适时变通。 ^ 前面是绝路，希望在转角。
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(03-07-2015, 10:18 AM)FA+TA Wrote: China's securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing's increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.
CNA: In struggle to stem market rout, China hunts manipulators
A little too late. The should have done this half a year ago.
Once the pumping and dumping is complete, the market will go into freefall.
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In CCP we trust... if we can't place our faith in them, there is noone we can trust globally.
No Vested Interests
(03-07-2015, 10:18 AM)FA+TA Wrote: China's securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing's increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.
CNA: In struggle to stem market rout, China hunts manipulators
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People are talking about as if it is plan B or C... I actually think it is part of plan A. Like I said buy or sell can both be right if you know your timeline.
http://www.valuebuddies.com/thread-6353-...#pid115417
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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