China shares sink on monetary tightening 3,17 %

Quote from Bogan7:

But there are 1.6 BILLION chinese. That number of new accounts is a drop in the ocean. I dont understand why there are so many people so keen to call the top of this market? I cant imagine many people on here trade the market directly and even if the index does fall do you believe it will cause the US in go into a melt down? If you dont and are trading say the ES ER2 or YM why does it matter so much except for I told you so points.

Cheers
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Just a side note - although there are a lot of people in China, only 10% of the families may have enough money to open brokerage accounts.

Interestingly, news indicated that some families belonging to the other 90% now pulls their money together from multiple families, or whole towns (small towns I believe) in order to "enjoy the fruit of Chinese style capitalism".

Not sure what that really indicates - make your own judgement :)
 
Quote from SiSePuede!:

How long did it take you to make up that bullshit? Do you have any semblance of knowledge about the age distribution, wealth distribution, etc. in China's "1.6 billion?" :D
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How much do you really have to know apart form the fact that there are 1.6 Billion Chinese, the country has one trillion in foreign excahnge reserves that continues to grow and that they are heavy savers and risk takers. So I am trying to work out what is bullshit. I am sorry if it doesnt fit with the view of the world you would like but it is what it is. Yesmany are well below the poverty line but they have a growing middle class of well of 4oo million which is more people than the whole of the USA. sort of makes you think.

Cheers
 
Quote from Bogan7:

How much do you really have to know apart form the fact that there are 1.6 Billion Chinese, the country has one trillion in foreign excahnge reserves that continues to grow and that they are heavy savers and risk takers. So I am trying to work out what is bullshit. I am sorry if it doesnt fit with the view of the world you would like but it is what it is. Yesmany are well below the poverty line but they have a growing middle class of well of 4oo million which is more people than the whole of the USA. sort of makes you think.

Cheers
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How can what you deduce from your statistics be trusted if you can't even use legitimate statistics?

Nevermind bro....carry on. :D
 
Quote from Lawrence Chan:
the other 90% now pulls their money together from multiple families, or whole towns (small towns I believe)
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Oh boy, sounds like a paradise for ponzi scheme frauds :p
 
Quote from Lawrence Chan:

Just a side note - although there are a lot of people in China, only 10% of the families may have enough money to open brokerage accounts.

Interestingly, news indicated that some families belonging to the other 90% now pulls their money together from multiple families, or whole towns (small towns I believe) in order to "enjoy the fruit of Chinese style capitalism".

Not sure what that really indicates - make your own judgement :)
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That can't be true! Bogan said there are like 1.6B people though...wow. And his guesstimations and random statistics must be correct. :p
 
Quote from SiSePuede!:

That can't be true! Bogan said there are like 1.6B people though...wow. And his guesstimations and random statistics must be correct. :p
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The question is what difference to your trading would the exact stats make? My guess is absolutely zero. What is important here is the fact that there is a growing investor class that is keen to get on the share market ride and that is driving up the index. If you want exact stats go look up the wiki

Cheers
 
Quote from Bogan7:

The question is what difference to your trading would the exact stats make? My guess is absolutely zero. What is important here is the fact that there is a growing investor class that is keen to get on the share market ride and that is driving up the index. If you want exact stats go look up the wiki

Cheers
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You add 25% to the population out of thin air, totally ignore statistics regarding distribution of wealth, and that's how you invest and do math? Good job bro...keep on keeping on. :p
 
Quote from SiSePuede!:

You add 25% to the population out of thin air, totally ignore statistics regarding distribution of wealth, and that's how you invest and do math? Good job bro...keep on keeping on. :p
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My question still is what does it matter to your trading? I still reckon ZERO. So again what is your point?
 
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