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China’s Stock Market Plunges
Topic Started: 27 Jun 2015, 11:54 AM (19,942 Views)
GloomBoomDoom
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Gossamer
26 Aug 2015, 04:53 PM
Now up 3% in the afternoon. Amazing what creating cheap money does.
But closed down -1.27%.
The markets are broken. I think people are just beginning to wake up to the fact its a glorified pump and dump casino now.
MSE
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Loki
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GloomBoomDoom
26 Aug 2015, 06:39 PM
But closed down -1.27%.
The markets are broken. I think people are just beginning to wake up to the fact its a glorified pump and dump casino now.
I think it has always been a pump and dump casino. What is different now is the government is doing the pumping while the wealthy do the dumping.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Terry
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GloomBoomDoom
26 Aug 2015, 06:39 PM
But closed down -1.27%.
The markets are broken. I think people are just beginning to wake up to the fact its a glorified pump and dump casino now.
No, most people don't realize what's going on. Why should they? They only become interested and aware when it affects them personally. Kochie and co might address it because they've "seen it all before." Only when the media realizes, assuming that the impacts are negative, it's usually too late. But as our leaders know, it's all about not panicking, even if the implications are adverse. People like old wives' tales. Whether or not they apply in the current situation is unknown at this stage.

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Ex BP Golly
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Gossamer
26 Aug 2015, 04:53 PM
Now up 3% in the afternoon. Amazing what creating cheap money does.
The welfare recipients in the rest of the world went all orgasmic!
Edited by Ex BP Golly, 27 Aug 2015, 05:55 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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newjez
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Terry
26 Aug 2015, 10:24 PM
No, most people don't realize what's going on. Why should they? They only become interested and aware when it affects them personally. Kochie and co might address it because they've "seen it all before." Only when the media realizes, assuming that the impacts are negative, it's usually too late. But as our leaders know, it's all about not panicking, even if the implications are adverse. People like old wives' tales. Whether or not they apply in the current situation is unknown at this stage.
Most people are still trying to find out how they access their super account.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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createdby
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newjez
26 Aug 2015, 11:40 PM
Most people are still trying to find out how they access their super account
All for the best I think.

Look at China with farmers and housewives and uni students playing stock market casino on their smartphone trading accounts.

Do you really want the average Aussie playing with their super like a pokie machine?

Better for most of it to be in balanced and track the indexes. They'll come out with a nice average return in the end.

Unless they're retiring on a market downturn that is.
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newjez
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When is MIW going back to China???
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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newjez
26 Aug 2015, 11:40 PM
Most people are still trying to find out how they access their super account.
The people who will be hit the hardest are the same people who find it hardest to sell. They may see a top in the market, but they don't have a sell button to press. They have to contact their super provider and change the risk weighting of their plan. Too late.. It's gone.

Meanwhile, an interesting little factoid.

Six of the ten best single day gains in the Dow Jones Industrial Average happened during the financial crisis of 2008 and 2009.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Ex BP Golly
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Terry
26 Aug 2015, 10:24 PM
No, most people don't realize what's going on. Why should they? They only become interested and aware when it affects them personally. Kochie and co might address it because they've "seen it all before." Only when the media realizes, assuming that the impacts are negative, it's usually too late. But as our leaders know, it's all about not panicking, even if the implications are adverse. People like old wives' tales. Whether or not they apply in the current situation is unknown at this stage.
Yep, they lose 30-40% of their retirement packages, but love the manipulator class because they get given $900 at Christmas by them.

What kruddy lives!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jimbo
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Ex BP Golly
27 Aug 2015, 05:58 AM
Yep, they lose 30-40% of their retirement packages, but love the manipulator class because they get given $900 at Christmas by them.

What kruddy lives!
I've bought and sold shares since the 80's and one thing I have learned, is that it is far easier to buy than it is to sell.

Digital platforms make things far easier, but most people in the market didn't get in that way so they can't get out that way either.

A large number of people invested in stocks don't even know that they are involved at all. They have a super plan. They have no idea where it is invested or what it is doing.

They might panic when the front pages tell them that stocks are down and super funds may take a hit. But before they can do anything, the next days headline talks about a rally.

Everything is fine, business as usual. Phew.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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