The market staged another strong recovery this week as the SP500 regained its 20 WMA after briefly dipping below the last couple weeks. How quickly this market responds is a testament to why sticking to the long-term trends and keeping an open mind are so beneficial for proper money management. During this most recent “meltdown” (where the SP500 declined only […]
China is taking a one-two punch to the gut as the nation’s previously high-flying economy begins to weaken. First, the stock market there is suddenly collapsing after a major boom. Then just as things are looking bad, the auto industry posted its first sales drop in over two years.According to Bloomberg, citing figures from the China Passenger Car Association, vehicles […]
REUTERS/Bobby YipDespite bouncing back today, Chinese stock markets have been in crisis and banks are warning that if efforts to put a floor under the market don’t stick then the turmoil could get as bad as the US crash in 2008 and the debt crisis in Europe in 2012.The main Shanghai Composite collapsed over 30% in the last month, despite repeated attempts by the government to […]
China’s stock market bounces back, after govt steps in to stop huge slidePublished time: July 09, 2015 02:25Edited time: July 09, 2015 12:06Get short URLReuters / Tyrone SiuTagsEconomy, Investment, MarketsChinese stock indexes rebounded Thursday. The Shanghai Composite added about 6 percent after the securities regulator made a bold move and stopped shareholders with more than a five percent stake in […]
At the risk of being considered a Pollyanna or a perma bull, of which I’m neither, I think we are going up hard soon. Now I know said the technicals were in the bulls favor after yesterdays bullish reversal, and they were, but then the most advertised and telegraphed Black Swan happened….China.Greece is still front and center and the NYSE […]
Nosedive PanicThe crash in Chinese equities continues amid regulators’ talk of panic and irrational selling.Ironically, China has banned the use of terms like ‘equity disaster’ and ‘rescue the market’ in analyst’s reports on the stock market.Over Half of Companies HaltedThe Guardian reports China Stock Markets Continue Nosedive as Regulator Warns of Panic.
Chinese stock markets tumbled again on Wednesday as investors […]
Flickr/IstolethetvChinese markets have fallen by around 30% in three weeks.China’s stock markets are in turmoil right now, with the benchmark Shanghai Composite collapsing 29% in just the last 3 weeks.The collapse closely mirrors the Wall Street Crash in the US in 1929 and the Chinese government has been desperately scrambling to try and stop the fall. The People’s Bank of China […]
AP ImagesFour members of the House of Morgan stand on a balcony outside the Senate Banking Committee room just before the committee resumed its investigation into the banking institution’s practices, May 31, 1933, in Washington.While attention is focused on Greece, China is having a serious market meltdown.After exploding earlier in the year because of deregulation, China’s benchmark Shanghai Composite has […]
BEIJING (AP) — More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the country’s free-falling stock market.The 28 companies, which had obtained permission from China’s securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would postpone them due to recent market […]
Capping an extraordinary week of stock market losses that defied state intervention, China decided to double down on Saturday – hoping to avoid a “Black Monday” when trading resumes after the weekend.Meeting in Beijing, 21 major brokerage houses said they would contribute 120 billion yuan – the equivalent of $19.3 billion – to purchase blue-chip “exchange traded funds” to stabilize […]
