/biz/ - Business & Finance

>>1030925
Xi worked it out. not even an issue

In an hour and 20 mins*
Woops

>>1030927
;^)

How many of you actually trade in the Chinese market, I'm just curious. How profitable was it before the crash?

>>1030925
>What will today hold?

if d.u.bs, -10% first 5 minutes and then they close again.

>>1030927
What did he do to try to fix it?

>>1030977
But anon, they have said they won't close anymore, only hold it open

>checked

when did you fags get IDs?

WORLD WAR THREE!

This going to be one hell of ride post yfw the Chinese stock collapses triggering the start of the apocalypse

>>1030989

>>1030977
i

>>1030989

my finger is ready on short 2:15 - let it burn

>>1030989

I was JUST getting my life in order now it's fucking happening 1929 style I'm FUCKED

FUCK this shit

>>1030989

From my understanding, most people have their savings tied to stocks in China. A big correction could melt the shadow banking system in China which would fuck everything

>>1031007
So should we invest in Africa instead now?

>>1030989

>>1031000

Ha! Jokes on you, I've never had any money at all.

>>1031000
No no no, this creates tremendous opportunity anon. Find yourself a way to gain knowledge of which assets crash the hardest and buy them. Look at oil as an inverse chart and look for a top. If you see a top, buy oil with leverage if possible and you can make a decent profit.

>>1031000
Nice trips.

>>1030989

>>1031007
actually my financial adviser told me this like a month ago

lots of people are getting money and buying like 1 share in big companies which caused the index to (artificially) rise

now with China's big anti-corruption shit they are trying to recalibrate their indices and people are losing money bigtime

>>1031015
I've been thinking oil but maybe it will stay low longterm.

>>1031015
>>1031021
Saudis are going to cut oil back in 6 months so consider that

>>1031007
That's the overall fear.

Too much debt, banks get lending from rich investors, rich investors get losses, try pulling their loans, banks won't pay back yet, rich take money out of the country, yuan devalues, cycle continues.

China needs to do three things today.
1. Allow the stock market to drop up to 20%.
2. Announce increased fiscal spending.
3. Announce no more monetary loosening for a while.

This will allow the stock market to fall to a proper level. 2,500.
Put a floor under the commodity markets.
Strengthen the yuan temporarily.

We will see what they do soon. Tick tock tick tock

>>1031024
Interesting. Any particular source you trust for this kind of info?

>>1031021
You don't understand, even if it falls to $28 then bounces up to $42, That's a 50% gain. Look at when Natural Gas just made it's low a week or two ago. It's already up 25%. These are the best times to buy cheap assets. Just stay on point and only buy the things that are too cheap and you'll do excellent.

>>1031028
stratfor

they have reported that the Saudis need to strike some sort of deal with a few other ME countries (Kuwait, UAE, and Qatar, iirc) before they cut back oil production because without a coordinated cut said countries will lose a lot of money

atm, the Saudis are okay but are close to running a deficit so they must rely on other countries to cut with them, same with said countries

>>1031029
It just seems too easy. It makes me nervous. Is this stuff really that hard for people to figure out?
>>1031033
Thanks

>>1031024
>>1031033
That's the thing, if they can't cut back, we'll get oil companies going under and it'll force a cutback. That will then lead to a shortage and a serious price spike.

>>1031027

I agree that they need to let the market have it's way, and removing the circuit breaker was a good idea.

The last few days have been like a dentist who, when pulling a tooth, simply yanks on it for a while each day without actually pulling it.

Without the circuit breaker, there's a better than average chance that the chinese markets are going to crash and burn in a spectacular way...

... but only for a while. Once everyone knows it's game on, there will be a certain level at which the bottom feeders will come in and buy.

It's a tough lesson, and it (may) make for an interesting day tomorrow in New York, but the market will do what the market will do; and the more time you spend trying to fight reality, the harder it hits when reality wins.

>>1031040
So buy several different companies?

>>1031038
The thing is, most people wanna jump onto a moving train. They want to buy something that's been in a bull market for years instead of something That's cheap, Think of it like going shopping. Are you gonna do better if you look for discounts and deals or if you throw all your money at something that's overvalued. If just one decent scuffle breaks out with all the tensions in the middle east, oil double it's price overnight. The upside isn't guaranteed but can you not see how it just looks to good to pass up. Also, if currencies like the Yuan and Ruble continue to struggle, a little bit of money in bitcoin could also be a good idea.

>>1031046
No, buy the oil but let the companies crash. After the companies crash, oil swill have a shortage and you'll make money.

I think a question worth asking is its...

IF china goes to shit in the first hour (like down 20% as one poster suggested)... will china chicken out and shut the market anyway?

If they do, it would only make matters much worse.

>>1031062
The more they intervene the more panicked investors get. The more panicked they get, the more likely it is the yuan will crash also. The halted markets means bitcoin will probably make a gain. That is the functionality of bitcoin in the modern system.

3 minutes...
looks like it might go up 2 %

>>1031067

Of course, that's why their fucked in the first place.

There is a general opinion in the world (true in my opinion) that china doesn't play by the rules.

1. Massive fraud involving fake companies sucking in foreign investors.

2. Buy a stock, and worry that china may ban selling that stock with no notice.

3. Etc.

A free market, while messier, is cleaner.

Bull trap confirmed, or Chinese gov tampering.

>>1030925
shoots up like a rocket ship

>>1031071
>There is a general opinion in the world (true in my opinion) that china doesn't play by the rules.
but they are working on it, imo

but that requires devaluing their artificially created bubble

>DOOMSAYERS
>BTFO

what do you guys use for live stock info? Charts and ect.

/POL/ BTFO

>>1031073
kek

>>1031077
BLOOMBERG


CHINA IMPLOSION STARTS NOW

>>1031070
whoop whoop.

+2.69%
easy money

>>1031080
hahahahahaha, retards thinking they can time the market

It's starting to go down

>>1031080
>>1031087
Do you know how I can tell you are inexperienced?

>>1031089
I'm too inexperienced to know.

>>1031078
You are an idiot.

China is printing and buying stocks like crazy, they are sacificing the value of the yuan for the stock market


/pol/ was 100% right, currency crisis is about to ensue

Its dropping really fast

grab on to your butts!

>>1031092
hovering around 3169, really

>>1031092
circuit breaker, please

Link My negro??

>>1031091
You're an idiot if you think you're certain about the market responding to that. Like I said, don't try to time the market.

>>1031091
Do you know how much they are buying?

Nikkei is lift off.

>>1031098
http://www.google.com/finance?cid=7521596

oh look its fucking nothing

Some of you guys are alright.

Don't go down to Shanghai tonight

>>1031103
Thanks senpai.

>>1031102
https://www.youtube.com/watch?v=8tS51CPOWxc

>+2%
crisis averted

hope some of yall bought some chinaman stock

>>1031107
Typical day for a Japanese trader?

>>1031101
lots i am assuming, but i dont work for chinese government so i have no idea desu

It's beginning to drop... now @ 0.90%

the down pressure is strong.

>>1031109
motherfucker you spoke too soon

>>1031111
very nice

Can´t the chinese gov do something?

-0.31%... OH FUG

OH SHIT

I set a limit for $UVXY at $32.00 the other day and it didn't go though because it jumped to like 35 in first minute.


Should I cancel the order and put in a market order for $UVXY, or do you think that the ride is over?

what do i do /biz/

Everything's fine guys

ITS HAPPENING

Time to short lads

we negative now

>>1031123

Idk bub. I have tvix from $7.00 in december. Ask yourself, is the federal reserve gonna intervene?

Is it really happening?

Down she blows.

>>1031119
come back from the bathroom and see this oh wow

>>1031135
Here we go boyyyyyyssssss

Hit -2% already

The sell pressure is so strong jesus christ. The times we live in...

the other yellowmen across the sea seem to have figured it out.

>>1031132
sheeit i wish i worked there

>>1031141
Chinese sell off prevention expired today


It's coming back up. -0.7% now

pls let stock be kill

I can't handle this back and fourth.

don't worry guys they're buying it back. free market quote unquote :^)

>>1031141
Japan literally asks the financial sector to make ETF's just so their central bankd can buy the ETF's. Fucking zipperheads man.

GOIN GREEN AGAIN BOYS

sooooo
how much money will the gubment pump into the market today?
the index has turned into a fucking rocket ship now.

where do you get this real time charts

how many billions was that? lol at elast 50 billion I say.

>>1031151
https://www.google.com/finance?cid=7521596

1 min delay

watch bloomberg for real time charts

>>1031150

>>1031151
https://www.google.com/finance?cid=7521596

>>1031154
3065.22 @ 9:48

3139.4 @ 9:52

top kek

I don't want to say there is a direct link to this price and BTC but it sure seems like there is a bunch of emotion on both right now.

>idk which boat to jump to

>>1031135
>>1031136
fucking kek

their own government cant keep that shit up

Btfd is on.

>>1030933
very. It flourished after China lifted investing sanctions. It's when they pumped the brakes that everything went to shit.

>>1031158
>>1031160

https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

You guys realize we do it too right? you can see it in the technicals when FED stopped buying stocks this morning and just let it fall out.

Down again

>>1031129
how?

IT'S ALL IN THE GREEN BOYZ, NOTHING TO SEE HERE

>>1031159
When they're forcing prices or freezing markets, it tends to boost bitcoin just due to the nature of what bitcoin is.

>>1031165
no one was saying that we dont

stop >implying

>>1031145
the current back and fourth is the necessary evil for the upcoming rally

>>1031168
Shitposters can't afford to short anything. You gotta have big money to short something.

/POL/ BTFO AGAIN

>>1031174
it's definitely going to rally back up to 3500, the question is when

>>1031176
is there something similar to $UVXY with china market

>>1031176

you can buy an inverse ETF

http://finance.yahoo.com/q?s=SPXS

1% IN THE GREEN AHAHAHAHAHA

>>1031181
Possibly. Search for a leveraged Shanghai composte ETF.

>>1031183
you are literally retarded
>>1031178
you are literally retarded

>>1031182
wish i had bought that wednesday night

>>1031181

This is not a volatility ETF but a tracking one of shanghai. http://finance.yahoo.com/q?s=YANG

thank you based crashi-chan

thank you based crashi-chan

whats the ticker for s&p futures

Well it's seems it won't be happening

D
..E..........T
....A......A..B
......D..C......O
.....................U
........................N
...........................C
..............................E.

>>1031020
Wtf that makes no sense

>still rising

>>1031188
thanks

wtf is nikkei doing?

s&p futures up 0.9% in aftermarket

http://data.cnbc.com/quotes/%40ES.1

>>1031217
roller coaster mode

>>1031201
ES1:IND

>>1031217
TUMBLING DOWN

>>1031222
>>1031219

Asian markets are crazy as fuck lmao. How is Europe going to do for friday?

>>1031193
>thank you based crashi-chan

>>1031207
Well, the CSI 300 did incredibly well up until last summer. Everyone basically thought it was magic and, yes, lots of people even took loans to invest.
Which, in hindsight, is obviously retarded.

>>1031225
Buggered if I know.
I'm going to guess the DAX and FTSE will rebound a bit, but not enough to erase Monday and Thurday's losses.
Fingers crossed for a better week next week, though a weak January is usually a bad omen.

>>1031193
>Thank you based crashi chan.
>I don't feel bad leaving early.

Welp Shanghai is up 1.6% and S&P futures are up 1%

tomorrow will be a good day assuming everything continues to go well tonight

I can only speculate that the US has been playing chicken with China over this, and China must have folded, allowing us capital to support their markets a la plunge protection team. The US probably has China by the balls now, geopolitically speaking. Just speculation of course

>>1030989

Fuck this gay earth.

>>1031258
To elaborate this would do the following:

China doesnt need circuit breakers anymore which makes their market appear legit
Also supports the NYSE by not killing China
Gives the US total geopolitical control over china

Am I crazy?!?!

Fuck!

>>1031275
how often do you listen to glenn beck or rush limbaugh

>>1031275

I think there is an oversimplification here. China still holds a mountain of U.S treasury bonds.

So The chinese market appears to have stabilized.

How will Trump's presidency affect this?

>>1031290

I think it is too early to call it completely done. I know a lot of global investors trying to exit their chinese positions still.

>>1031290
Don't be so quick to judge, Anon. Tuesday and Wednesday weren't so horrible, either, and it still tanked Thursday.
Generally, though, give it time, this too will pass.

Related note, is AAPL a buy now, or will the iPhone 7 be SHIT and everything come crashing down?

>>1031295

im not buying AAPL.
i'm thinking about putting some $ into JNUG or NUGT

>>1031289

China holds treasury bonds both in order to keep its currency devalued relative to the dollar and as a function of its high trade surplus with the US. It's not a fucking bludgeon to use against the US.

>>1031298
I'm not sure about AAPL, honestly. I bought them at 101 and sold them at nearly 52wk high, 132.
So, I feel like repeating that, but obviously that clouds my judgement somewhat. Eh. I'll watch a bit longer.

And gold is flying right now, for obvious reasons, as is anything related.

>>1031304

I mean more like a cyanide pill. Mutual destruction kind of thing.

>>1031295
iPad sales are down
iPhone sales are down
AAPL just bought some shit AI company
they are trying to buy GPRO, whose stock is plummeting

why would anyone buy apple at this point

>>1031312
Because they will reveal some stupid useless gimmick for the iPhone 7 in September and go up again, I guess.

>>1031305
Buy it if you're into the whole buy high sell low strategy.

>>1031313
Actually, that's a good point.

This company they bought uses AI to read emotions, so they'll probably get it on the iPhone 7 and say that you no longer have to add your own emojis because your phone can predict your emotions by the blood flow in your fingers or some shit

>>1031289
Never. But if you think you have all the information you are deeply mistaken. I believe those controlling the markets are several steps ahead of the public. Do you have a better explanation for all the unprecedented market behavior?

>>1031312

Apple business cycle:

>release new iPhone
>exceed previous sales records by significant margin
>corresponding stock bump
>sales slow down
>speculation that iPhone is over, Apple is finished
>repeat
And everybody continues to not give a shit about iPad sales, as usual.

>>1031322

I don't sit here pretending like I know what is going on. I think there is an overall bubble regarding credit, debt etc. Brought on by 0% interest rates and QE. Global over valuation of assets by easy money and shadow banking.

I just think there is going to be a reset soon. Go look at the S&P 500 max chart and make your own judgements.

I really wanted this shit to crash and burn, so I could get a bargain tomorrow. Oh well, placing limit orders tomorrow to get all the shit I want, still good prices.

>>1031335
It's slowly going down again

/k/ here. not usually into this but i guess i'm
what gook piece of crap should i be following,

https://www.google.com/finance?cid=7521596

this


or

https://www.google.com/finance?cid=10893934

this?

Chinext or SSE?

>>1031345
sse

http://quotes.money.163.com/0000001.html

1.21%

>>1031341
Slowly going down isn't good enough, I was hoping chinese stocks would shit the bed for 5-10% so I could get some really juicy deals. Anyway, setting up limit orders, shorts and idiots who actually sold their shares got fucked by this bear trap.

>>1031322
This was intended for ...286

Hard to say how long the circus can keep going, but you're right, speculation isn't really useful. I just want people to think this way, there's so much behind the curtain and if you stop thinking about it, they will keep winning

>>1031352
Not if they sold a couple + percentages ago. Can just re-buy for a profit.

>>1031347
thanks. i'm actually interested in learning the basics of the stock market. is there any series that starts from the basics and then goes on to intermediate knowledge? i dont know shit about stock. is there any youtuber, online article, etc, that goes on the issue?

>>1031072
Tampering. They aren't restricting sales either, like on Tuesday (suspiciously low volume). Which means they are burning money like crazy. But they have to have a good day today, it's their only way out. They need to buy a weekend for a good propaganda campaign. Wait for next week.

>>1031310

Ain't going to do jack shit to the US.

It's over 2 again. By the end of this week prices might be back to normal. Then everyone pulled out of the market for no reason. Or serious tampering by the Chinese government

>>1031392
They admitted to tampering earlier this week.

Today they probably won't though. They have a lot invested in it looking like an organic stabilization.

>>1031365
I'm also new to this so I'm not really the person to ask. I'm currently going to school and I've been reading some books of my own on the side. I'd recommend browsing /biz/, picking up some reading material, and maybe discussing financial stuff with some of your friends or something.

>>1031400
I knew they tampered with it before, but I heard this time they would let the free market decide. Whether they actually do or not who knows.

It would be amazing if the stocks can regain its losses from this week without government interference

¯\_(ツ)_/¯
Fun while it lasted
I'm glad my money will be back tomorrow at least
Hoping for a huge US rally after everyone kicks themselves for panicking

It's clear that all is not right with China, but it might be a slow descent down. At least until something major happens. 2016 is going to be a bearish year, I have little doubt about that. The question is how bad?

American here, I heard im gonna lose all my money and there will be a depression, should I sell my stocks real quick?

>>1031565
Absolutely.

>>1031341

I'm going with this. What we are about to experience is no more than a rally, than a drop once more. We're going into a correction whether we like it or not. Corrections are not a measly 10% drop and it's fine after that. No corrections are more than 20% - 45% drop, as we've experienced in September. After this correction, it will be smooth sailing from there. Personally, I've made 4% shorting the market and will continue to do so on Monday, as Friday will be no more than a rally with a hint of dropping towards mid day.

>>1031290

Defense stocks are to be looked at...

>mfw you didn't have any stocks from Chinese companies
>mfw I didn't move to Shanghai to chase the China meme like some of my friends
>mfw all my investments had little interest in Chinese market

This was expected back in August when China stop the market from selling for 4-6 months. When those measures were lifted the market continue to go down because China economy is propped up by trillions of dollars worth of shit. Think 2008 on steroid with mutant radiation. It will take down the whole world with them.

>>1031731

It's funny how our whole world economy is held up by shit. Literately shit. How has it not fallen?

>>1031725
is this a lesson to meme chasers not to invest in markets that aren't free

>>1031780
Sounds like it to me. So many of my friends left for Shanghai and now they're dealing with this crap. Glad I stuck it out in the US of A desu.