Australian Politics Forum - China stock market

bogarde73

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China stock market
Jul 28^th, 2015 at 1:43pm

Fortunately the Aus market is comprised of more sober people (except after lunch) than the casino players of China or even Wall St.

As of now (04;38 GMT), the ASX is pretty flat. No collapse as foreshadowed by the wolves looking to profit on the way down.

Unfortunately the China market is totally unrelated in reality to the underlying health of the Chinese economy and its external relations, unlike most mature markets.
If & when trustworthy statistics come out of China (observations by western experts stationed there are more reliable) indicating a collapse in China's economy, we won't be seeing just an 8% fall or even a 25% fall . . .it will be more like Armageddon.

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Sprintcyclist

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Re: China stock market
Reply #1 - Jul 28^th, 2015 at 2:45pm

the chinese market had doubled in less than a year.
A buying frenzy.
Now, it is coming back to reality.

I believe the Chinese govt did about the worst thing when they intervened on the market there.

they stopped trading in up to 50% of the stock, then banned major funds from selling.

Now, a CEO of one of the larger hedge funds in US has said "Our views in China have changed."

Yes, if you are stopped from trading when you want, your 'views change.'

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Pho Huc

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Re: China stock market
Reply #2 - Jul 28^th, 2015 at 3:03pm

Sprintcyclist wrote on Jul 28^th, 2015 at 2:45pm:

the chinese market had doubled in less than a year.
A buying frenzy.
Now, it is coming back to reality.

I believe the Chinese govt did about the worst thing when they intervened on the market there.

they stopped trading in up to 50% of the stock, then banned major funds from selling.

Now, a CEO of one of the larger hedge funds in US has said "Our views in China have changed."

Yes, if you are stopped from trading when you want, your 'views change.'

I 100% agree with sprint- The Chinese government has a tiger by the tail on this one.

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Sir lastnail

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Re: China stock market
Reply #3 - Jul 28^th, 2015 at 4:06pm

bogarde73 wrote on Jul 28^th, 2015 at 1:43pm:

Fortunately the Aus market is comprised of more sober people (except after lunch) than the casino players of China or even Wall St.

As of now (04;38 GMT), the ASX is pretty flat. No collapse as foreshadowed by the wolves looking to profit on the way down.

Unfortunately the China market is totally unrelated in reality to the underlying health of the Chinese economy and its external relations, unlike most mature markets.
If & when trustworthy statistics come out of China (observations by western experts stationed there are more reliable) indicating a collapse in China's economy, we won't be seeing just an 8% fall or even a 25% fall . . .it will be more like Armageddon.

A share is only worth what the bigger fool is willing to pay for it. It does not matter whether it is in china or timbuktu there are always fools willing to pay too much !! We had the same fools during the dotcom bubble and now in the property markets !!

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ImSpartacus2

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Re: China stock market
Reply #4 - Jul 28^th, 2015 at 8:38pm

For weeks now the chinese government has been spending billions upon billions of the people's $$$ to prop up the share price of shareholder owned blue chip companies but it’s a bottomless pit and there is no end in sight.

And what will the people get for buying collapsing shares (not at the lowest price they could get them but at the highest price the government can buy them to save the shareholder’s skin)? Nothing!!!!

If the stocks collapse the people lose their money and if the stocks recover the people still get nothing and they are returned (slowly and quietly) back to the previous owners to resurrect the dead economy into the new China Capitalist Economy Mark2.

And thereafter we will still see the sheep on this forum post that inane quote by Thatcher that “the trouble with socialism is that you eventually run out of other people’s money” and continue to believe that “capitalism works”. Grin

For god's sake, Wake the F##K UP!!

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Sprintcyclist

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Re: China stock market
Reply #5 - Jul 28^th, 2015 at 11:07pm

Sharemarkets will run their own course.
It does not matter what it tried, human nature prevails.

The china market is down about 35% I believe.
And the govt has used 10's of billions $ and every intervention to 'help' it.

There is now a false market that many funds are VERY hesitant to trade in.

Crashes are a naturally occurring action.
Same as booms. Let them run their course.
They do anyway.

Even when market are totally closed, they trade psychologically

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Modern Classic Right Wing

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Sprintcyclist

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Re: China stock market
Reply #6 - Jul 29^th, 2015 at 4:00pm

Quote:

..........Meanwhile the Chinese share market which rose 150% in the 12 months to June, has now collapsed more than 35% from its peak, .....

http://blog.stockspot.com.au/greece-and-china-3-lessons-for-everyone/?utm_source...

can't really call that a disaster.

Unless you had borrowed money to buy shares there with .........

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Modern Classic Right Wing

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Sprintcyclist Gold Member Online OzPolitic Posts: 39514 Gender:	Re: China stock market Reply #7 - Jul 29^th, 2015 at 4:01pm My thoughts on margin loans were ........... if my investing was going well, I would not need to gear up a share portfolio. If it was going badly, that'ld be really bad.
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