ATS you need to be paying attention to the SSE Composite Index (China's Stock Market)

SSE Composite Index started out below -7% today.


www.google.com...
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Check out the oil prices

www.wsj.com...


Just a heads up!!!!!!!!!!!!!!

a reply to: 9thWatcher

I have been watching the chinext stocks drop hundreds and hundreds of points the last few weeks.
They are down around 30%.

That is a total crash.

www.google.com...

Notice that just this past monday chinext droped 200 points.

There were -19 points a few minutes ago at -0.81%

a reply to: alphastrike101

It is a crash and it;s still going.

Oil back down to 52.10
Silver back under 15 at 14.92
10 Year treasury gaining strength, down to 2.21
Eur-Dollar at 1.09
Almost all stock futures are down
Every stock market that is open is down

a reply to: 9thWatcher

I think with the whole greece deal the euro market would take a hit.

But the interesting thing about chinese stocks is that china was supposed to launch its new big bank this summer.

The S&P took a slight dip but finished well over it's opening point today. I would look at this more as the Chinese bubble bursting. The real question is how much of an impact that pop makes in the global market in the next couple weeks. So far, not much.

a reply to: Vector99

The dowjones ended +93 points today and nasdaq +5 points.

a reply to: alphastrike101

I usually only refer to the S&P for US markets, it reflects the best of both.

Well, the Chinese have wiped out a quarter's worth of earnings. If it's mere bubble, and doesn't truly stall things out for the real economy, then it hopefully can remain fairly well isolated. If it drops more, and does affect the economy quite a bit, then that'll eventually translate to our own economy, and markets. There was a ton of gain this year with the Shanghai index. If that's wiped, and it stabilizes, hopefully not so bad.

a reply to: pl3bscheese

I think that is what is going to happen, but it will slightly over-correct leaving them slightly below the annual opening. Definitely something to keep watch on, I'm hoping it will drive gold and silver down more, well gold I could care less about, but a low silver price is what I'm waiting to invest in.

a reply to: 9thWatcher

I have viewed China's buying up of mining and oil rights, among others as a form of money laundering, a blatant attempt to bail from their own 'currency' as it was near worthless.

Now it looks like they knew this bubble burst was coming- at a guess- and that bailing from their own currency was a slick move.

Could a further 'devaluing' of their currency give them the option of re-buying at a huge profit or is it likely they stay away from it entirely?

Their gold purchases, and they have been massive, of late, points in the same direction.

I really don't know what I'm talking about, so please correct me if I'm too off base....

a reply to: 9thWatcher

Its too complicated for me to understand but imo it looks like some economic warfare going on ,on different fronts .I wonder how many USD's vanished into some black hole . You wouldn't think oil prices would be falling considering in some places it's not business as usual and more and more oil is going to the black market . I found this to be interesting and may be some kind of a factor

a reply to: the2ofusr1

How do I find this on YouTube

a reply to: the2ofusr1

OK I checked this guy out......He is nuts.....And wrong. If what he says actually came to pass WW3 would happen for sure. Southern Europe and Western Europe ditching NATO and heading for Russia.....YA that would work.

a reply to: SubTruth

One thing to realize when people are towards the end of their lives, they either fear the inevitable or not.

Projecting their own demise out onto the world, or seeing it clearer than those stuck trying to make it to the crisis point this man obviously can't bust through.

any way you choose me; we won't be long

a reply to: pl3bscheese

We interviewed this guy on ATS live if memory serves me right and he was sounding a lot like that guy who's always on Alex Jones, Max Kieser or whatever that guys name is from New York with the big nose.

He was telling us to buy gold and crash this and crash tha it's happening.

originally posted by: pl3bscheese
a reply to: SubTruth

One thing to realize when people are towards the end of their lives, they either fear the inevitable or not.

Projecting their own demise out onto the world, or seeing it clearer than those stuck trying to make it to the crisis point this man obviously can't bust through.

any way you choose me; we won't be long

Funny you would say that......I was trying to figure out why he would say this......I think you are right on the money. It was so far off the scale of logic from a clearly educated smart man........

originally posted by: onequestion
a reply to: pl3bscheese

We interviewed this guy on ATS live if memory serves me right and he was sounding a lot like that guy who's always on Alex Jones, Max Kieser or whatever that guys name is from New York with the big nose.

He was telling us to buy gold and crash this and crash tha it's happening.

I actually Love Max and he is pretty grounded.....This guy is not grounded.

a reply to: SubTruth

Educated or not people talk like this after a fracturing or trauma happens.

Maybe he lost someone real close or had something happen to him that cause the trauma and it remains to be dealt with.

a reply to: SubTruth

I disagree.

I remember listening to him after 08 nothing he ever said was true or happened.

The only that happened was the price of gold went up because our currency was devalued massively and inflation has been crushing us.