Is China crashing?

[infolode]

Quote from Ivanovich:

Hey! How can Chavez just take over the oil industry like that! It's not fair!

Nope, it's not fair and force is the next card in the deck.

 

[notouch]

Some people have short memories. What happened last time ES gapped down on the basis of shares going down in China (hint: Wednesday)?

 

[Mvic]

Quote from notouch:

Some people have short memories. What happened last time ES gapped down on the basis of shares going down in China (hint: Wednesday)?

Exactly, Shanghai is now irrelevant outside of China for anyone who has been paying attention. The yen didn't even move and if you want to see what the perceived global risk is then look at what the yen is doing. When people perceive risk to be high they start to unwind the carry and that moves the yen. Didn't flinch on the shanghai sell off ergo no risk ergo we rally off any dip today.

 

[trickshot]

Quote from michaelscott:

It is now time to fold the flag over the Shanghai. The Shanghai market will now be the Nasdaq-100 of 2000 where it will fall mercilessly. Other markets will be sure to follow and, if they dont, there will be considerable chop in the months to come.

Other markets? Most Asian markets weren't affected by the meltdown. There is nearly zero correlation between China and the rest of the world when it comes to equities.

 

[SiSePuede!]

Quote from Mvic:

Exactly, Shanghai is now irrelevant outside of China for anyone who has been paying attention. The yen didn't even move and if you want to see what the perceived global risk is then look at what the yen is doing. When people perceive risk to be high they start to unwind the carry and that moves the yen. Didn't flinch on the shanghai sell off ergo no risk ergo we rally off any dip today.

Probably. The real point to be taken is that even the Chinese stock market is so unhitched to the realities in China that it seems like it can actually just be treated as a rolling lottery.

 

[stock_trad3r]

The index was going up 1% a day for 4 months

it was due for a big selloff

 

[trickshot]

I think only the stupid shorts care about whats going on in China.

 

[stock_trad3r]

Agree...the US markets hardly affected by sell off last night.

 

[Cdntrader]

Quote from stock_trad3r:

Agree...the US markets hardly affected by sell off last night.

Shanghai -1.2% 2nite...3625

http://www.sse.com.cn/sseportal/ps/zhs/home.html

 

[michaelscott]

China is now sinking past the trend line and at the point of no return. The index will soon revert to the 1-2k range. US futures currently in the red.