Chinese Stock Market is Falling again right now

-7.97% now

Friday it dropped, and today it's dropping again is it just adjusting or a sign of things to come.

Will post more info when I get it, but you can watch it at the link below.

www.google.com...

The Shanghai composite is the main Chinese index was down 7.4 per cent on Friday but is only down 1 per cent today,Tokyo is down over 2 per cent and Australia close to 2 per cent,big flight from shares to bonds in Australia today

a reply to: MohammadsFriend

That's greater than 15% in two days. Pretty bad. If you look at their trends you'll see 4-7% dives fairly often, but it usually jumps right back up the day after. As I said on Friday I think we need to wait this out a little bit, but damned that's kinda a double whammy with whatever the heck is going to happen with the Euro since Greece is finally falling apart.

Oh, yea you're seeing that incorrectly. That's still the data from Friday. False alarm. Hopefully there's a bit of a rebound or at least not too much downward movement.

Did the Chinese gov do anything with the interest rates …possibly?

Phhht; what do I know?

Never mind

…edit… WOW I just noticed that I received 666 stars today; I must be the devil's spawn or something worthy of starting a thread. Maybe I will as a form of self-flagellation.

Okay wait, what? I must be confused... not the first time. So this is legit. It dropped an additional 7% or so within a few minutes of trading today. Wow! I'm seeing 8% even drop right now.

a reply to: MohammadsFriend

Good for the dollar right

a reply to: pl3bscheese

That index is more or less the Chinese Nasdaq the main Chinese index is about 2 per cent down.

a reply to: pl3bscheese

So is it a 15% total drop between today and friday

a reply to: khnum

Okay can you post a link and tell me what the name of the main index is called please?

Thank you.

I bought some underwear and t-shirts at Wal Mart today.
Maybe that will help them out.

a reply to: MohammadsFriend
Black Monday for China. Interesting to watch the world self destruct over bankers games, military buildups, and belligerence of nations like my own. There is no way out of the mess they created without the wheels coming off this train. It is not going to be easy at all. I was watching Naked and Afraid Survival and thinking about all these people with bug out bags that think they are going to run into the forest and live off the land and laugh. Most of them can't make it in 21 days without global upheaval and wars. Survival is not something 98% of the idiots with those ideas have any clue how to actually survive totally off grid in the wilderness for long periods of time.

a reply to: pl3bscheese

Sorry Ive learnt you tube videos but not links yet the index is Called the Shanghai composite yahoo,google,bloomberg all the majors have it

a reply to: notmyrealname
Okay…. someone just ruined it! Someone went ahead and thoughtlessly just spoiled my symmetrical 666….

I am so at a loss for words relating to this catastrophic egregious violation of my personal sovereignty, I am blank. Thank you 666+1 and I forgive your intended slight.

Don't ask me what I am blathering about… I am just in a strange jovial mood and figured I would have fun here….

P.S. if you take this seriously, you need decaf.

looks like it froze at -8.05

I wish someone who knew what they were talking about would add color commentary for us.

Such as, how will this affect the dollar, and NYSE, NASDAQ etc

Possibilities as to why this is happening...

What does this have to do with Greece if anything...

Yadda, yadda,,,

a reply to: slayerfan

The Chinese Prunge Plotection team perhaps,20 per cent drop in 3 days on that index may of motivated someone to open the yuan spigots.

a reply to: spirit_horse
So what do you care about whether someone tries to prepare or not? Are you jealous or are you insecure or are you potentially just being derogatory for the fun of it?

Hypothetical What if everyone just stopped trying because they might not have what it takes….

Sad situation if you ask me.

I will stick with the premise that you cannot understand how far you can go unless you risk going too far.

a reply to: khnum

Thanks it's down 3.6% for today. It's also down over 15% from it's peak last week.

Link

SSE Composite Index = Shanghai
www.google.com...

originally posted by: onequestion
I wish someone who knew what they were talking about would add color commentary for us.

Such as, how will this affect the dollar, and NYSE, NASDAQ etc

Possibilities as to why this is happening...

What does this have to do with Greece if anything...

Yadda, yadda,,,

If you ask a specific question you may expect a specific answer. If you are vague, it makes attempting to answer the question quite laborious as we must remain PC in our responses as well as speculative as to not take responsibility for another's actions.