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Chovanec: China Destroyed Its Stock Market | naked capitalism

Yves here. We’ve stressed that, generally speaking, stock market crashes aren’t anywhere near as serious as bank runs or credit market seizures because stock market bubbles are generally the product of a serious excess of animal spirits, as opposed to leveraged speculation. That in turn is the result of most modern stock exchanges drawing on the US stock market as […]

Stock market investors lose N1.032trn in 2 months – Vanguard News

By PETER EGWUATUNearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction,   high political risk, feud in the federal   legislature, no ministerial appointment, amongst others.MUHAMMADU BUHARIThe recent drop in the Nigerian stock market indicators […]

Interpreting information in China's stock markets | Michael Pettis …

Anyone who reads my blog is already likely to know the story. Until the market peaked on June 12, with the Shanghai Composite at 5,178, China had experienced a stock market boom that saw the Shanghai index rising in what seemed like a straight line by more than 135% in one year. The boom seemed almost inexplicable from a fundamental […]

Why the real Chinese economy is more important than the stock …

David Dollar | July 16, 2015 8:00amWhy the real Chinese economy is more important than the stock marketChina’s stock market has been on a roller-coaster ride over the past year. It more than doubled in value in the 12 months ending on June 12. Then it took a breathtaking plunge, wiping out a third of its value (more than $3 […]

This Is Yellen's Response When Asked If The Fed Is Too Worried …

This is the response that Yellen gives a senator when asked if the Fed is too worried about the stock market.

I would push back against the notion that we are unduly affected by the ups and downs of the stock market, we are certainly very focused on the fundamentals and economic statistics that describe where the economy is in terms […]

What the Chinese stock market crash teach you – Get Rich Slowly

This article is by staff writer William Cowie.By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.Media reports have ranged from indifference to breathless comparisons with the great stock […]

Why China's stock market bubble was always bound to burst | Orville …

Over the past few weeks, punters in China underwent a near-death experience when their country’s two stock exchanges entered freefall. The rapidly inflating bubble that had driven share prices to dizzying heights had suddenly burst. By this spring, the stock markets in Shanghai, with 831 listed companies, and Shenzhen, with 1,700, boasted a combined market capitalisation of $9.5tn, which made […]

3 charts that explain China's stock market fall – Business Insider

The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent, wiping away nearly $2 trillion in value. To put this in perspective, the gross […]

Janet Yellen made a terrible stock market call one … – Business Insider

Janet Yellen is facing Congress on Wednesday for her semi-annual testimony.And one year ago today, Yellen’s monetary policy report warned about stock market valuations, particularly in social media and biotech stocks. It was an awful call. Yellen’s testimony last year said:”Some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013. However, valuation measures for the overall market in […]

'Buy the dip' is not working – Business Insider

Flickr/Craig LloydMore down than up in the stock market this year.”Buy the dip.”Since the Federal Reserve announced its third quantitative easing program in the fall of 2012, the running joke in the US stock market has been that to make money, all you need to do is buy the dip. But it wasn’t even really a joke: in 2013 and 2014, […]