See other Business/Finance Articles
Title: COMMUNIST WAY OF HANDLING CRASHING STOCK MARKET - Chinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders
Source:
[None]
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: 501
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.” 
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 14.
#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.
================================================ The terrible irony of this is that vast amounts of US stocks are based on FOREIGN STOCK MARKETS (hint: C-H-I-N-A). Furthermore, do any of you have LARGE amounts of S&B's to divest, as in 24 hours? The federal tax penalty can be up to 40%, forcing S&B holders to STAY.
I wouldn't put a dime into the markets even if I had 100M and didn't know what to do with it.
There are no replies to Comment # 14. End Trace Mode for Comment # 14.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#11. To: Katniss, jethro tull, purplerose (#4)
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.
#14. To: HAPPY2BME-4UM (#11)
Replies to Comment # 14.