So whats up with this sell off 9-20-2021

[notagain]

Debt Ceiling, raise the debt limit or the market tanks.

 

[KCalhoun]

Politicians muck things up... markets follow

 

[destriero]

The arianagrande fiasco isn't over. We won't trade over 4450 in Sep.

 

[Overnight]

The arianagrande fiasco isn't over. We won't trade over 4450 in Sep.

I agree with that assessment. But do you foresee SP getting back above 4500 by mid December?

 

[maxinger]

SIGH..... margin has been increased.

 

[InAllHonesty]

That too but it's also because everybody thinks this potential Evergrande failure is the China's Lehman Brother and is going to trigger a 2008-financial crisis all over again for all around the world. Like seriously China??!!! How much debt or stocks did we buy from these Chinese companies?? How many of us have ever heard of this Evergrande before today?? Like really??!! Think people, think!!! You still have brain cells left. How would a company that you've never heard of until today or still have not heard of trigger a financial crisis here??

I was a bit worried about the possible failure of another company Huarong Asset Management earlier because that company actually had foreign debts held in Europe and in the US (by the stupid Goldman Sachs) but that company got quietly bailed out by the CCP without us even hearing about it because the company is completely state-owned and state-run. https://www.forbes.com/sites/george...g-bailout-was-the-right-move/?sh=2e5b4dbb4fd6

This Evergrande apparently is privately owned, aka without seed money from the CCP so the CCP doesn't give a s***. It's been wanting to cool down the real estate market for years so I am sure it thinks this is the perfect opportunity. Again it's the little people in China that's going to suffer.

How many were familiar with Bill Hwang?

BlackRock, UBS and HSBC hold bonds in Evergrande.

 

[KCalhoun]

My bear port = SQQQ TZA UVXY FAZ SCO SOXS light size til wed sfternoon

 

[VicBee]

How on earth could some of you traders not understand that Evergreen was the catalyst for today's sell off ?

I'll take that as a joke...

 

[JSOP]

Chinese and western ties are extremely significant. You have to dig deeper and not just focus on the surface.

All the more reason for the decoupling which is long overdue. We cannot be coupled with a dictatorship that shares none of our values and philosophies of how people should be treated.

 

[JSOP]

How many were familiar with Bill Hwang?

BlackRock, UBS and HSBC hold bonds in Evergrande.

Bill Hwang didn't cause a peep. Blackrock is really the only bona fide US company on the list and they need to be warned that if they continue to stick their s*** in China when they shouldn't be, they will be on their own and no bailout will be given to them if they f*** up. UBS is Swiss and HSBC is Hong Kong really so they will definitely not be on the bailout list of US of A. So if China thinks letting Evergrande go down is going to somehow hurt the West particularly US, it's dead wrong.