Interesting times

[Bob Wildes]

Chinese have done just about everything to halt the slide. Up around 6% yesterday, and right now, about 6.2%; just short of 4k. Most of the time, there is about a 50% retracement on a big down. Closing in on that. I think they can't keep this market up.

We are breaking down right now. Market stalled out in May. We'll see. Fiat money and debt, the can they have been kicking down the road might turn to cement.

There is a radio commercial in the Metro Atlanta market now that is hawking "learning how to make short sales". This is playing right up their alley.

[bennyonesix]

My buddy told me his econ professor wife is waiting for the EU to impose "melting money". Retention of money past a certain period incurs a tax. So like if you don't spend it in two weeks you pay a fine/fee/penalty. If you wait another two weeks same same.

Of course, this would need to be in excess of what the minus interest rate is lulz.

[Gary John]

Chinese brokers aren't taking sell orders. Good move.

[bennyonesix]

I wonder how many hedge and mutual funds are allowed under their contracts to lodge money with China now that they did that?

[terra]

A buddy of mine in Australia talks about how the huge real estate bubble there is going to pop soon

Quite possibly.
As long as it holds off long enough for me to pack my carpet bag full of cash, i don't give a shit...

The government has created a situation where anyone with a bit of equity in one property can buy as many as they want and receive all manner of tax incentives to do so. Not ot mention the ease with which offshore investing is fucking everything.

These twats have artificially inflated the property prices and rent essentially creating a situation of 'haves' and 'never will haves', when it comes to property.

Fuck em all, let the prices tumble...

[DikTracy6000]

Chinese brokers aren't taking sell orders. Good move.

Been shorting the whole China market the last few weeks along with oil. No complaints here. Might do same with Brazil, haven't pulled that trigger.

[Sangoma]

I envy you and regret I am not in the market. This move down should be fairly easy money if you don't go crazy with the size.

[Gary John]

Greek deal! Market will be up a thousand points tomorrow.

Wait, nevermind.

[DikTracy6000]

I envy you and regret I am not in the market. This move down should be fairly easy money if you don't go crazy with the size.

Keeping it modest on shorts plus stops on EVERYTHING. Sangoma, what's your take on the Russian market? Isn't that your homeland?

[Sangoma]

I am not following markets at the moment. Looking at the Russian market year chart I would rather be bullish. It is definitely in an up trend since January. What's going to happen next week is of course a mystery.