China is the US during the 20s it looks like, at least the aspect of Jiang Six-Pack throwing his lot into the market.
http://www.ft.com/cms/s/0/2ca3603c-08cb-11dc-b11e-000b5df10621.htmlThe thousands of ordinary Chinese who are signing up each day to trade shares are not too concerned about the conventional ways of valuing a stock, but they need to know the difference between a ghost and a black horse.
Chinese have combined a traditional delight in word-play with their new-found passion for stocks to create a rich supply of colloquial jargon for investing that is bandied around brokerage offices.
"Ghost shares" are highly risky, but "black horses" have beaten expectations. Buying cheap to sell high later is known as "fighting for the hat", while selling at a loss to avoid further losses is "meat slicing". Investors who think a piece of news will boost prices claim to be "lifting the sedan chair".
yeah in Vegas they're out of control, I've seen it with my own eyes.Quote from pumpanddumper:
The Chinese have no idea whats coming to them by next year. Hope they are wise enough to cash out or start shorting.
Man, I've seen them gamble recklessly in baccarat high roller pits. They love the action!
Quote from nkhoi:
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