Chinese stock market

[Euler]

History should be there from us to learn from, but only the smart seem to realise it and they get pilloried for point it out!

http://www.bbc.co.uk/news/business-33435603

[Archangel]

Trading was suspended on the NYSE today, blaming a " technical issue"
Wonder did they get hacked

[Euler]

When the selling starts the panic sets in and causes more selling. I think this still has some way to go don't you?

http://atimes.com/2015/07/china-stocks- ... n-8-years/

[Archangel]

Dont know much about the China market. But i have a short position on US equities which i think are overpriced. Having said that i have had this position for a while and you definitely need to be able to hold it. I would like to see the VIX (volatility) a bit higher, which should mean selling

[Euler]

Well VIX is a multi-year lows at the moment, so that's usually a precursor to a bit of volatility.

[Archangel]

Yeah VIX around 12.6 is very low. would like to see closer to 20. Its also better for trading. more volatility means more to work with

[Euler]

Dull delivery but an interesting presentation from last year: -

https://vimeo.com/user20236372/review/9 ... 727cb75527

[Archangel]

It took traders by surprise...... China has devalued it currency, cementing the fears that they are slowing even more than was feared
Such a move will really hit larger global brands as Apple who export to China
On the plus side... a nice jump in volatility today

[Euler]

Yuan devaluation for two days in a row.

http://www.bbc.co.uk/news/business-33875061

[Euler]

Love the way it's been coined the Great Fall of China.

[marksmeets302]

Something is wong

[Dallas]

Something is wong

Wok?

[Archangel]

After a day when the margin departments across America deserve combat pay,US presidential candidates made political hay out of what has been a 6 Standard Deviation drop in the S&P 500 since last Wednesday’s close. Unhealthy relationship with China? Er, they only represent about 2% of US GDP. Rigged markets? Even the evil Wall St. institutions wouldn’t purposely undo 10 months of rally in 3 trading days. Look, I don’t blame them for trying to make news, but they promote the myth that a President, or anyone, can have some control over a random market. Ultimately , the market will do what it needs to do to correct itself

[Euler]

That'll sort it then

China cuts interest rates after days of market turmoil

http://www.bbc.co.uk/news/uk-34052618

[Euler]

How farmers from rural China bet on the stock market and lost

https://www.washingtonpost.com/world/as ... story.html