There is no redemption when trading savage markets.
Chinese markets were comfortably higher this evening and now they’re plunging lower. No worries, however. I am sure the PBOC will inject some liquidity, arrest some short sellers, and halt trading in any stocks showing weakness, before the session is over–to show gains.
In the interim, Asian markets are lower. U.S.futs are flat and the world, as we know it, is still scheduled to end.
Fig?
Any green novi out there (naww-vee | preppy plural novice)
Look at Shanghai composite Feb 14 – about Mar 15
Complete obvious classic bubble, 10mos more than double
and start break. commoner chinese were trading instead of working
institutional selling lockout was mandated. so. no fucking surprise on any
situation arising. got it. I noted every step (feb 14-mar 15) no one cares until
Jan 16
Actually the bubble started forming since I have been crying about it in March/April of 2009 when the Chinese started the Shanghai Copper Bubble, mainly allowing the use of commodities to finance EVERYTHING out there. Big Ugly Bubble that should have killed the global markets when commodities fell out of bed in 2014…yet we stayed up…no Idea why? Anyway, tonight PBOC threw 20 billion at market and went into the market near the close and bought up stock…with all that they still closed red. FWIW this is the Best New Years Start this Bear could have.
Chanos is laughing himself to sleep these days.
F and N are overvalued
A and G fairly valued
SWHC and RGR …undervalued