Yes and the fact that people don't think anymore. Ah well, we need some volatility to make some dough.
So whats up with this sell off 9-20-2021
- Thread starter Rickshaw Man
- Start date
Yes and the fact that people don't think anymore. Ah well, we need some volatility to make some dough.
who gives af
I just want to make money trading
Laughing all the way to the bank
Make today's $1,400 gain...become, eventually, 4100...then 11400...then a 14110 day's gain. Then a 41440 day's gain.You have to be intelligent, wise, if you want to reach a higher level of trading. Don't be a dumb common fish stick, if you want to be an Orca, killer whale, one day.
I have yet to seen any decent explanation for why the crash of a Chinese real estate company has significant medium or long term impacts across us investments.
Sure, if you're selling on the day of the crash you'll probably take a haircut, because those buying from you will assume you are desperate to raise money. But do a bunch of US companies hold derivative contracts from these guys I haven't heard about? Or is this just going to tank a bunch of "emerging market bond" funds?
If interest rates in China are forced up, isn't that positive for US equities?
The problem with the last US crash related to cascading failure. I can see things cascading a bit in China, but does anybody that systemically important in the US hold that much exposure?
Sure, if you're selling on the day of the crash you'll probably take a haircut, because those buying from you will assume you are desperate to raise money. But do a bunch of US companies hold derivative contracts from these guys I haven't heard about? Or is this just going to tank a bunch of "emerging market bond" funds?
If interest rates in China are forced up, isn't that positive for US equities?
The problem with the last US crash related to cascading failure. I can see things cascading a bit in China, but does anybody that systemically important in the US hold that much exposure?
And, we're worried about Evergrande defaulting.
https://www.msn.com/en-us/news/poli...-default-on-its-debt/ar-AAOE7RD?ocid=msedgntp
https://www.msn.com/en-us/news/poli...-default-on-its-debt/ar-AAOE7RD?ocid=msedgntp
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.
Barely anyone in Europe had heard of Lehman Brothers or Bear Stearns. The news and contagion still sent their house values down 50%. What is known in mainstream and what isn't does not matter much at all.
It's not just Evergrande (whoever said Evergreen lol). It's also the debt ceiling in the US that's causing jitters. Regardless, it seems to be a normal bull market correction. Zoom out and see all the 5-15% corrections we have had since 2009--do we even remember why any of them occurred? No matter how strong a bull market is, it's never a straight line up. If it is, you're probably looking at a pump and dump.
Chinese and western ties are extremely significant. You have to dig deeper and not just focus on the surface.