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China’s Stock Plunge Is Scarier Than Greece

07-08-2015, 05:25 PM #1
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China's stock market is crashing, and the NYSE was shut down for three hours today because of a "technical glitch".

The Wall Street Journal has an article here, and another here.

Quote:There are four basic signs of a bubble: prices disconnected from underlying economic fundamentals, high levels of debt for stock purchases, overtrading by retail investors, and exorbitant valuations. The Chinese stock market is at the extreme end on all four metrics, which is rare.
The following 1 user Likes Thunderian's post:
  • Centaura

07-08-2015, 07:04 PM #2
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well the nyc stock brokers dont appear to be too worried. they all took to the beaches today and rooftop bars to celebrate their unexpected time off.

07-08-2015, 08:58 PM #3
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When was the last time NYSE was shut down because of a glitch? The whole system is B.S. because it's all rigged. On that note, if you know how to beat em', join them. Exploit their system... being said trading is very time consuming and difficult, and you'll lose if your'e not crunching data in excel all day.

07-08-2015, 09:49 PM #4
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anonymous kinda claimed responsibility for this