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Title: COMMUNIST WAY OF HANDLING CRASHING STOCK MARKET - Chinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders
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URL Source: http://www.zerohedge.com/news/2015- ... -stock-sellers-rumor-spreaders
Published: Jul 10, 2015
Author: Submitted by Tyler Durden
Post Date: 2015-07-10 01:19:03 by HAPPY2BME-4UM
Keywords: CHINA, STOCK MARKET, MARKET CRASH
Views: 507
Comments: 14
Not only has the Chinese regulator specifically asked all listed companies to submit reports, within the next two days, on the measures they will take to prop up their shares, according to the 21st Centruy Business Herald; but, as we warned yesterday, Chinese police have begun a "nationwide action plan" to work with stock regulator CSRC to crack down on now 'illegal' stock and futures trading. As SCMP reports, police are checking who sold off Ping An and PetroChina stocks in last 30 minutes of trading July 8 while Government was buying to boost index... Who needs QE? This is worse, much worse... Market sources: Police checking who sold off Ping An, PetroChina stocks in last 30mins of trading July 8 while Gov was buying to boost index — George Chen (@george_chen) July 10, 2015 MORE: Chinese police to work with stock regulator CSRC to implement "nationwide action plan" to crack down illegal stock and futures trading — George Chen (@george_chen) July 10, 2015 BREAKING: Securities Crime Bureau of Public Security Ministry investigating 10+ "malicious shortsellers" who sold off stocks, futures July 8 — George Chen (@george_chen) July 10, 2015 * * * Which explains this... * * * And here is what Rabobank thinks... “China managed to stage an impressive equity rebound yesterday. One could call it a dead cat bounce, but we don’t even have an entire cat, so it was more parts of a dead cat bouncing, aided by news that anyone caught selling short would be arrested. To say that doesn’t look sustainable is an understatement, especially with PPI (Producer Price Index) slipping to -4.8 per cent (Year-on-Year), and CPI (Consumer Price Index) edging up to 1.4 per cent only on vegetable prices.” 
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#4. To: HAPPY2BME-4UM (#0)
(Edited)
PS Anytime I hear someone that made their fortune in the markets talk about "working hard for their money," I realize that I'm in the presence of a lazy fool, or worse, and someone that's more a part of the problem than anything even close to a part of any solution.
In terms of this conversation it sounds like you've confused working with investing.
No, Katniss is correct! Only a fool invests in the stock market these days. What happened in China will have rippling effects in the U.S. market as well. And don't forget that since Greece is an ally of the U.S. we will wind up bailing Greece out putting our own economy in turmoil.
Who advocated for investing in the stock market? I discussed the scam that the
Chinese communists are pulling off.
Well the Chinese market is not the only one in turmoil. So is the U.S. The three countries with supposedly "strong economies" are Germany, China, and the U.S. The U.S. and China's economy are on shaky ground. The U.S. is long overdue for another correction. The last time there was a Black Friday correction was in late November of '87. My comment was that anybody investing in the stock market these days is an idiot and deserves to lose all they invested. The U.S. has strong ties with the Chinese state controlled industries (which by China owns many factories in the U.S.). China is ordering their financial officers not to sell shares in those factories right now. Many of these factories are in the U.S.
Who said it was?
Have you been watching the business news reports of China lately? It's been all over the news. And this weekend Greece needs to come up with a backup plan on how to fix their financial crisis right now or else stop using the Euro.
Really?
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#5. To: Katniss (#4)
Anytime I hear someone that made their fortune in the markets talk about "working hard for their money,"
#7. To: Jethro Tull (#5)
(Edited)
#8. To: purplerose (#7)
#9. To: Jethro Tull (#8)
#10. To: purplerose (#9)
Well the Chinese market is not the only one in turmoil.
#12. To: Jethro Tull (#10)
#13. To: purplerose (#12)
Have you been watching the business news reports of China lately? It's been all over the news. And this weekend Greece needs to come up with a backup plan on how to fix their financial crisis right now or else stop using the Euro.
Replies to Comment # 13.