We were told that there is unlimited risk in investing in stocks and options but it seems that fact does not apply anymore.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Why are the index futures trading at 3:34 on a Friday. I thought they close at 3:15cst. AmI missing something?
THIS IS WHAT CHINA HAS DONE TO PROP UP THEIR BEAR MARKET SO THAT NO ONE LOSES AND EVERYONE MAKES MONEY, remember there is no such thing free markets, every single market that falls has the central banks backing them up so that any drop is limited and short, remember markets are only allowed to go UP, not down.....I wonder what they will do when the index is below 3000, will they just hand everyone that lost money free money......
** June 27 (Saturday) - China's central bank cuts guidance lending rates and trims the amount of cash that some banks must hold as reserves, in a move widely interpreted as mainly a step to support the slumping stock market.
** June 29 - Markets continue to crash. The state-backed provider of margin financing, China Securities Finance Corp, publicly says that the risk of margin trading is controllable and margin calls are relatively small.
Later in the day, China says it will allow pension funds managed by local governments to invest in the stock market for the first time, potentially channeling more than 1 trillion yuan ($161 billion) into the equity market.
The China Securities Regulatory Commission (CSRC) issues a statement, attacking pessimists for "talking down" the Chinese market and economy, urging investors to remain calm.
Rumors swirl about pending policy interventions, including a freeze on IPOs, official instructions to institutional investors not to sell shares, and the implementation of a stamp tax on share sales to dissuade selloffs. None are confirmed although some companies announce share purchasing plans. The securities regulatory continues to approve IPOs.
Benchmark indexes shrug off the monetary easing to end down over 3 percent after a day of see-saw trade, leading domestic media to call it "Black Monday". The Shanghai Composite Index <.SSEC> closes down 3.3 percent.
** June 30 - Rumours spread that some overseas and domestic institutions had deliberately sold short to damage the market.
China's Financial Futures Exchange denies rumors that foreign investors, including Goldman Sachs <GS.N>, have been shorting Chinese stocks using index futures.
Primary indexes post a sharp recovery in afternoon trade to end up over 6 percent, the CSI300 index's <.CSI300> best single-day gain since 2009. SSEC closes down 5.5 percent.
** July 1 - Stocks tumble again, surrendering much of the previous day's sharp gains to end down around 5 percent. After markets close, the Shanghai and Shenzhen stock exchanges announce plans to lower securities transaction fees by 30 percent from August.
Key indexes plunge again, surrendering much of the previous gains. SSEC closes down 5.2 percent.
** July 2 - The CSRC announces relaxation of rules on margin trading before market open, lowering threshold for individual investors to trade on margins and expanding brokerages' funding channels.
The CSRC announces setting up a team to look into illegal manipulation and investigate cases if needed.
Key indexes end down sharply. SSEC down 3.5 percent.
** July 3 - China Financial Futures Exchange (CFFEX) suspends 19 accounts from short-selling for one month, sources with direct knowledge tell Reuters.
Benchmark indexes slump again despite the regulator's efforts to stop the slide. SSEC loses 5.8 percent.
** July 4 (Saturday) - China's top 21 securities brokerages pledge to invest at least 120 billion yuan ($19.33 billion) collectively to help stabilize the country's stock markets.
Twenty-eight Chinese companies planning to list on the country's stock exchanges say they would suspend their initial public offering plans.
** July 5 (Sunday) - China state-owned investment company Central Huijin Investment Ltd says it has recently purchased exchange-traded funds (ETFs) to support the market and will continue to do so.
The CSRC announces that People's Bank of China (PBOC) will inject liquidity directly to the state-backed margin finance company to stabilize the tumbling stock market.
** July 6 - Main stock indexes open up more than 7 percent on the rescue measures, but give back most gains during the day to close up 2.4 percent.
Read more: http://preview.mediaexpress.reuters...0NH:1&search=all:china timeline#ixzz3fWSoOtJR
** June 27 (Saturday) - China's central bank cuts guidance lending rates and trims the amount of cash that some banks must hold as reserves, in a move widely interpreted as mainly a step to support the slumping stock market.
** June 29 - Markets continue to crash. The state-backed provider of margin financing, China Securities Finance Corp, publicly says that the risk of margin trading is controllable and margin calls are relatively small.
Later in the day, China says it will allow pension funds managed by local governments to invest in the stock market for the first time, potentially channeling more than 1 trillion yuan ($161 billion) into the equity market.
The China Securities Regulatory Commission (CSRC) issues a statement, attacking pessimists for "talking down" the Chinese market and economy, urging investors to remain calm.
Rumors swirl about pending policy interventions, including a freeze on IPOs, official instructions to institutional investors not to sell shares, and the implementation of a stamp tax on share sales to dissuade selloffs. None are confirmed although some companies announce share purchasing plans. The securities regulatory continues to approve IPOs.
Benchmark indexes shrug off the monetary easing to end down over 3 percent after a day of see-saw trade, leading domestic media to call it "Black Monday". The Shanghai Composite Index <.SSEC> closes down 3.3 percent.
** June 30 - Rumours spread that some overseas and domestic institutions had deliberately sold short to damage the market.
China's Financial Futures Exchange denies rumors that foreign investors, including Goldman Sachs <GS.N>, have been shorting Chinese stocks using index futures.
Primary indexes post a sharp recovery in afternoon trade to end up over 6 percent, the CSI300 index's <.CSI300> best single-day gain since 2009. SSEC closes down 5.5 percent.
** July 1 - Stocks tumble again, surrendering much of the previous day's sharp gains to end down around 5 percent. After markets close, the Shanghai and Shenzhen stock exchanges announce plans to lower securities transaction fees by 30 percent from August.
Key indexes plunge again, surrendering much of the previous gains. SSEC closes down 5.2 percent.
** July 2 - The CSRC announces relaxation of rules on margin trading before market open, lowering threshold for individual investors to trade on margins and expanding brokerages' funding channels.
The CSRC announces setting up a team to look into illegal manipulation and investigate cases if needed.
Key indexes end down sharply. SSEC down 3.5 percent.
** July 3 - China Financial Futures Exchange (CFFEX) suspends 19 accounts from short-selling for one month, sources with direct knowledge tell Reuters.
Benchmark indexes slump again despite the regulator's efforts to stop the slide. SSEC loses 5.8 percent.
** July 4 (Saturday) - China's top 21 securities brokerages pledge to invest at least 120 billion yuan ($19.33 billion) collectively to help stabilize the country's stock markets.
Twenty-eight Chinese companies planning to list on the country's stock exchanges say they would suspend their initial public offering plans.
** July 5 (Sunday) - China state-owned investment company Central Huijin Investment Ltd says it has recently purchased exchange-traded funds (ETFs) to support the market and will continue to do so.
The CSRC announces that People's Bank of China (PBOC) will inject liquidity directly to the state-backed margin finance company to stabilize the tumbling stock market.
** July 6 - Main stock indexes open up more than 7 percent on the rescue measures, but give back most gains during the day to close up 2.4 percent.
Read more: http://preview.mediaexpress.reuters...0NH:1&search=all:china timeline#ixzz3fWSoOtJR
check out the attachment. It is up to 5:15 ET
What is the percentage of US that trades? I am not sure if 7% is necessarily low. There are more in poverty that will never trade, and then say there are 5 in a family and only one family member handles the finances.
I don't know the rate in US but they were saying it is much higher in US compared to China.
That number seems high, i really doubt that 1 in 20 people in the u.s. has 15k in a trading account, i could be wrong though, but i cant see 7% of chinese people having 15k in an account......... i could see more of them having something in an account then the u.s. cause they are notorious for saving, but i cant see 1 in 20 of them having 15k in an account, thats so much money over there.
The said the average is 15K so some have over 15K and the news was suggesting that 15K is so low and also 7% is also low so it should not have that much effect.
Anyway it is useless to compare China to the US. I am not sure why everyone does it, and the conclusion is always that it has more room to grow and so it WILL get there. That argument can be made for any country, but China and the US has different economic/political systems so it is not logical to expect one to approach the other.