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If you short tesla money already in pocket. Still waiting when people already cash in
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Serious The Next Opportunity to Buy Cheap Ahem Financial Crisis
- Thread starter Asterix
- Start date
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- Aug 12, 2008
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Give your money to the PAP, they are the best investments Managers on this earth, some say all the way to Planet "X". Their maverick investment mangers can make your CPF monies, grow & glow. You can see how large it has become...but, but...you can't tell, if that is a mirage.
But PAP is the best...invest with them, be responsible.
But PAP is the best...invest with them, be responsible.
- Joined
- Oct 7, 2012
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The rout in Chinese equities is throwing the spotlight on $613 billion of shares pledged as collateral for loans.
Loans extended to company founders and other major investors who pledged their shareholdings as collateral emerged as a popular financing channel in recent years. But given the losses in equities -- Shenzhen’s stock benchmark is down 34 percent in 2018 -- there’s a growing risk that brokerages will be forced to sell the shares, accelerating the downturn.
At least 35 companies have seen pledged shares liquidated by brokerages since the start of June, more than triple the 10 in the first five months of the year, according to company filings. At least two firms announced after Monday’s close that their shares were at risk of forced selling, including Jilin Zixin Pharmaceutical Industrial Co., which plunged by the 10 percent daily limit.
"There’s a liquidity crisis in the stock market, and pledged shares are again starting to sound the alarm," said Yang Hai, analyst at Kaiyuan Securities Co. "If there are no real policies to cure the array of problems and ailments in our market, no one will be willing to take the risk."
About 4.24 trillion yuan ($613 billion) of shares have been pledged as collateral for loans, according to Bloomberg calculations using China Securities Depository and Clearing Corp. data, accounting for about 11 percent of the country’s stock market capitalization.
Forced selling is adding to the long list of issues facing investors in China’s $5.3 trillion market, from worsening trade ties with the U.S. to concerns of slowing domestic demand and a slumping yuan. In a sign of how bearish sentiment is, margin debt has fallen to four-
year lows.
The government has taken steps to limit forced selling, but it’s failed to slow this year’s $3 trillion rout.
Brokerages were told to seek government approval before selling shares pledged as collateral for loans, Bloomberg News reported in June, while the top financial regulator said in August it’s closely watching corporate stock pledges.
https://www.google.com.hk/amp/s/www...out-puts-613-billion-of-share-pledges-at-risk
Loans extended to company founders and other major investors who pledged their shareholdings as collateral emerged as a popular financing channel in recent years. But given the losses in equities -- Shenzhen’s stock benchmark is down 34 percent in 2018 -- there’s a growing risk that brokerages will be forced to sell the shares, accelerating the downturn.
At least 35 companies have seen pledged shares liquidated by brokerages since the start of June, more than triple the 10 in the first five months of the year, according to company filings. At least two firms announced after Monday’s close that their shares were at risk of forced selling, including Jilin Zixin Pharmaceutical Industrial Co., which plunged by the 10 percent daily limit.
"There’s a liquidity crisis in the stock market, and pledged shares are again starting to sound the alarm," said Yang Hai, analyst at Kaiyuan Securities Co. "If there are no real policies to cure the array of problems and ailments in our market, no one will be willing to take the risk."
About 4.24 trillion yuan ($613 billion) of shares have been pledged as collateral for loans, according to Bloomberg calculations using China Securities Depository and Clearing Corp. data, accounting for about 11 percent of the country’s stock market capitalization.
Forced selling is adding to the long list of issues facing investors in China’s $5.3 trillion market, from worsening trade ties with the U.S. to concerns of slowing domestic demand and a slumping yuan. In a sign of how bearish sentiment is, margin debt has fallen to four-
year lows.
The government has taken steps to limit forced selling, but it’s failed to slow this year’s $3 trillion rout.
Brokerages were told to seek government approval before selling shares pledged as collateral for loans, Bloomberg News reported in June, while the top financial regulator said in August it’s closely watching corporate stock pledges.
https://www.google.com.hk/amp/s/www...out-puts-613-billion-of-share-pledges-at-risk
- Joined
- Oct 7, 2012
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- 5,228
- Points
- 113
Chinese shares extended the world’s deepest slump and the yuan touched its weakest level in almost two years, testing the government’s ability to maintain market calm as risks mount for Asia’s largest economy.
Fears of widespread margin calls fueled a 3 percent tumble in the Shanghai Composite Index, which sank to a nearly four-year low as more than 13 stocks fell for each that rose. Efforts by local governments to shore up confidence in smaller companies failed to boost sentiment. The yuan sank beyond its closely watched August low after the U.S. Treasury Department stopped short of declaring China a currency manipulator, a move that some interpreted as giving Beijing breathing room to allow a weaker exchange rate.
Chinese policy makers face a tough balancing act as they try to maintain financial stability amid slowing economic growth, a trade war with America and rising U.S. interest rates. Beijing has so far refrained from major market rescue efforts of the sort that followed the nation’s 2015 equity crash, but some investors are calling for bolder action. With $603 billion of shares pledged as collateral for loans, or 11 percent of China’s market capitalization, one concern is that forced sellers will tip the market into a downward spiral.
Bloomberg
Markets
China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low
Bloomberg News
October 17, 2018, 9:43 PM EDT
Updated on October 18, 2018, 6:43 AM EDT
‘Extreme pessimism’ is pervading the market, fund manager says
Shanghai Composite Index has dropped about 30% since January
Alex Wong of Ample Capital discusses the U.S. not labeling China a currency manipulator and the yuan’s outlook.
Chinese shares extended the world’s deepest slump and the yuan touched its weakest level in almost two years, testing the government’s ability to maintain market calm as risks mount for Asia’s largest economy.
Fears of widespread margin calls fueled a 3 percent tumble in the Shanghai Composite Index, which sank to a nearly four-year low as more than 13 stocks fell for each that rose. Efforts by local governments to shore up confidence in smaller companies failed to boost sentiment. The yuan sank beyond its closely watched August low after the U.S. Treasury Department stopped short of declaring China a currency manipulator, a move that some interpreted as giving Beijing breathing room to allow a weaker exchange rate.
Chinese policy makers face a tough balancing act as they try to maintain financial stability amid slowing economic growth, a trade war with America and rising U.S. interest rates. Beijing has so far refrained from major market rescue efforts of the sort that followed the nation’s 2015 equity crash, but some investors are calling for bolder action. With $603 billion of shares pledged as collateral for loans, or 11 percent of China’s market capitalization, one concern is that forced sellers will tip the market into a downward spiral.
“It’s high time the state stepped in,” said Dong Baozhen, a fund manager at Beijing Tonglingshengtai Asset Management. “The national funds cannot just sit on the sidelines and watch this atmosphere of extreme pessimism.”
Going Local
While the so-called national team of state-backed funds has intervened to support the market in the past, efforts recently have been led by local governments. Officials in the southern cities of Shenzhen and Shunde as well as Beijing’s Haidian district have moved to help listed firms in their areas, according to local authorities and media reports. At least 36 companies have seen pledged shares liquidated by brokerages since the start of June, according to company filings.
The Shanghai Composite closed at 2,486, its lowest finish since November 2014. The gauge has slumped about 30 percent from a January high.
Federal Reserve minutes on rate increases and news the U.S. plans to withdraw from a postal treaty favorable to Chinese companies added to the bearish sentiment, as did renewed weakness in the yuan. The currency traded in a tight range in the days leading up to Treasury’s semi-annual report on foreign-exchange markets, helping to buoy risk sentiment globally. But on Thursday, the People’s Bank of China weakened its daily fixing by 0.25 percent. The yuan dropped as as much as 0.3 percent to 6.9422 per dollar as volume surged to the highest since December 2016.
“There was a minority in the market who bet China would want to aggressively resist yuan depreciation to avoid being called a currency manipulator,” said Frances Cheung, head of macro strategy for Asia at Westpac Banking Corp. in Singapore. “The Treasury reoport means that bet is off. We think China would be comfortable with more weakness as long as it’s driven by the strong dollar.”
Investor attention may now shift to the release of official data on Friday. The reports will offer details on the state of China’s economy through the end of September, when the U.S. escalated the ongoing trade war. Gross domestic product probably expanded 6.6 percent from a year earlier in the third quarter, according to a Bloomberg survey of economists.
"The markets are getting more volatile each day and will probably stay so over the next two months," said Banny Lam, head of research at CEB International Investment Corp. "Investors are pricing in the scenario that China’s economy will be impacted by the trade war in the next six months, as they believe the effects will start to show from the fourth quarter."
https://www.google.com.hk/amp/s/www...ncy-depreciates-to-weakest-since-january-2017
Fears of widespread margin calls fueled a 3 percent tumble in the Shanghai Composite Index, which sank to a nearly four-year low as more than 13 stocks fell for each that rose. Efforts by local governments to shore up confidence in smaller companies failed to boost sentiment. The yuan sank beyond its closely watched August low after the U.S. Treasury Department stopped short of declaring China a currency manipulator, a move that some interpreted as giving Beijing breathing room to allow a weaker exchange rate.
Chinese policy makers face a tough balancing act as they try to maintain financial stability amid slowing economic growth, a trade war with America and rising U.S. interest rates. Beijing has so far refrained from major market rescue efforts of the sort that followed the nation’s 2015 equity crash, but some investors are calling for bolder action. With $603 billion of shares pledged as collateral for loans, or 11 percent of China’s market capitalization, one concern is that forced sellers will tip the market into a downward spiral.
Bloomberg
Markets
China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low
Bloomberg News
October 17, 2018, 9:43 PM EDT
Updated on October 18, 2018, 6:43 AM EDT
‘Extreme pessimism’ is pervading the market, fund manager says
Shanghai Composite Index has dropped about 30% since January
Alex Wong of Ample Capital discusses the U.S. not labeling China a currency manipulator and the yuan’s outlook.
Chinese shares extended the world’s deepest slump and the yuan touched its weakest level in almost two years, testing the government’s ability to maintain market calm as risks mount for Asia’s largest economy.
Fears of widespread margin calls fueled a 3 percent tumble in the Shanghai Composite Index, which sank to a nearly four-year low as more than 13 stocks fell for each that rose. Efforts by local governments to shore up confidence in smaller companies failed to boost sentiment. The yuan sank beyond its closely watched August low after the U.S. Treasury Department stopped short of declaring China a currency manipulator, a move that some interpreted as giving Beijing breathing room to allow a weaker exchange rate.
Chinese policy makers face a tough balancing act as they try to maintain financial stability amid slowing economic growth, a trade war with America and rising U.S. interest rates. Beijing has so far refrained from major market rescue efforts of the sort that followed the nation’s 2015 equity crash, but some investors are calling for bolder action. With $603 billion of shares pledged as collateral for loans, or 11 percent of China’s market capitalization, one concern is that forced sellers will tip the market into a downward spiral.
“It’s high time the state stepped in,” said Dong Baozhen, a fund manager at Beijing Tonglingshengtai Asset Management. “The national funds cannot just sit on the sidelines and watch this atmosphere of extreme pessimism.”
Going Local
While the so-called national team of state-backed funds has intervened to support the market in the past, efforts recently have been led by local governments. Officials in the southern cities of Shenzhen and Shunde as well as Beijing’s Haidian district have moved to help listed firms in their areas, according to local authorities and media reports. At least 36 companies have seen pledged shares liquidated by brokerages since the start of June, according to company filings.
The Shanghai Composite closed at 2,486, its lowest finish since November 2014. The gauge has slumped about 30 percent from a January high.
Federal Reserve minutes on rate increases and news the U.S. plans to withdraw from a postal treaty favorable to Chinese companies added to the bearish sentiment, as did renewed weakness in the yuan. The currency traded in a tight range in the days leading up to Treasury’s semi-annual report on foreign-exchange markets, helping to buoy risk sentiment globally. But on Thursday, the People’s Bank of China weakened its daily fixing by 0.25 percent. The yuan dropped as as much as 0.3 percent to 6.9422 per dollar as volume surged to the highest since December 2016.
“There was a minority in the market who bet China would want to aggressively resist yuan depreciation to avoid being called a currency manipulator,” said Frances Cheung, head of macro strategy for Asia at Westpac Banking Corp. in Singapore. “The Treasury reoport means that bet is off. We think China would be comfortable with more weakness as long as it’s driven by the strong dollar.”
Investor attention may now shift to the release of official data on Friday. The reports will offer details on the state of China’s economy through the end of September, when the U.S. escalated the ongoing trade war. Gross domestic product probably expanded 6.6 percent from a year earlier in the third quarter, according to a Bloomberg survey of economists.
"The markets are getting more volatile each day and will probably stay so over the next two months," said Banny Lam, head of research at CEB International Investment Corp. "Investors are pricing in the scenario that China’s economy will be impacted by the trade war in the next six months, as they believe the effects will start to show from the fourth quarter."
https://www.google.com.hk/amp/s/www...ncy-depreciates-to-weakest-since-january-2017
- Joined
- Jul 19, 2011
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Ho Jinx buys high and sell low and was able to grow our reserves to so big. Ho Jinx is the man to emulate.
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I’m still shorting the market. Wish me luck bros. 
- Joined
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(Bloomberg) -- U.S. futures extended losses, with contracts on the Dow Jones Industrial Average off more than 400 points, after results from Caterpillar and 3M added to concern that corporate profits have peaked. The yen, gold and Treasuries all rose on demand for haven assets.
The sell-off in U.S. equities put the S&P 500 Index on track for its 12th loss in 14 days as investors grow concerned that the trade war and rising interest rates have put an end to runaway expansion of corporate profits. Caterpillar sank 6 percent in early trading after flagging concern over rising materials costs, while 3M dropped 5 percent after cutting its forecast.
The Stoxx Europe 600 Index slid toward the lowest level since December 2016 as Asian equities teetered on the verge of a bear market. Some of the steepest losses were in Japan, Hong Kong and China, where shares had posted the biggest jump in more than two years a day earlier. Disappointing earnings from Renault and some European tech companies added to the pain in Europe. Gold headed for its highest close in three months and benchmark Treasury yields dropped to 3.16 percent.
Investor nerves are on full display in the flight to quality beginning to take shape after global equities tried and failed to stem this month’s declines. U.S. growth data later in the week as well as earnings from companies including Amazon, Alphabet, Microsoft and Intel could be key to how far much further the drop will go. In the meantime, uncertainty over the death of a Saudi journalist, Italy’s budget and Brexit are among the factors weighing on sentiment.
“Global financial markets continue to struggle to rally as various geopolitical concerns weigh on investor confidence,” Nick Twidale, chief operating officer at Rakuten Securities Australia, said in a note. “With the rest of the world looking much more pessimistic in the current environment,” markets were poised for “a firm correction,” he added.
Equities failed to get any reprieve after China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world’s second-largest economy. The State Council announced it would support bond financing by private firms, and said the central bank will provide funding to facilitate this.
Elsewhere, oil traded near the lowest in almost five weeks. Emerging-market equities slumped as Turkish President Recep Tayyip Erdogan said a team including Saudi generals conducted the killing of writer Jamal Khashoggi.
https://www.swissinfo.ch/eng/u-s--f...profit--trade-concerns--markets-wrap/44491782
The sell-off in U.S. equities put the S&P 500 Index on track for its 12th loss in 14 days as investors grow concerned that the trade war and rising interest rates have put an end to runaway expansion of corporate profits. Caterpillar sank 6 percent in early trading after flagging concern over rising materials costs, while 3M dropped 5 percent after cutting its forecast.
The Stoxx Europe 600 Index slid toward the lowest level since December 2016 as Asian equities teetered on the verge of a bear market. Some of the steepest losses were in Japan, Hong Kong and China, where shares had posted the biggest jump in more than two years a day earlier. Disappointing earnings from Renault and some European tech companies added to the pain in Europe. Gold headed for its highest close in three months and benchmark Treasury yields dropped to 3.16 percent.
Investor nerves are on full display in the flight to quality beginning to take shape after global equities tried and failed to stem this month’s declines. U.S. growth data later in the week as well as earnings from companies including Amazon, Alphabet, Microsoft and Intel could be key to how far much further the drop will go. In the meantime, uncertainty over the death of a Saudi journalist, Italy’s budget and Brexit are among the factors weighing on sentiment.
“Global financial markets continue to struggle to rally as various geopolitical concerns weigh on investor confidence,” Nick Twidale, chief operating officer at Rakuten Securities Australia, said in a note. “With the rest of the world looking much more pessimistic in the current environment,” markets were poised for “a firm correction,” he added.
Equities failed to get any reprieve after China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world’s second-largest economy. The State Council announced it would support bond financing by private firms, and said the central bank will provide funding to facilitate this.
Elsewhere, oil traded near the lowest in almost five weeks. Emerging-market equities slumped as Turkish President Recep Tayyip Erdogan said a team including Saudi generals conducted the killing of writer Jamal Khashoggi.
https://www.swissinfo.ch/eng/u-s--f...profit--trade-concerns--markets-wrap/44491782
- Joined
- Jul 19, 2011
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- 27,848
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I don't short but I will buy puts. Loading up on SPY puts.
- Joined
- Oct 7, 2012
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- 5,228
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Really? After yesterday’s (24/10) 600 points drop, Dow is now below that Thursday’s low!
One may get lucky once in a while trying to catch a falling knife but the odds are against you getting it right consistently. So it’s better not to guess ahem I mean forecast and just let the market tell you where it wants to go.
With 20/20 hindsight (which anybody can have) that Thursday and Friday was a dead cat bounce!
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- Jul 22, 2013
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Big crash in east and west. You be mad to gk in now
- Joined
- Jul 19, 2011
- Messages
- 27,848
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And you give back lots today (day after quarterly result).
- Joined
- Jul 19, 2011
- Messages
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Time to trade the VIX.
- Joined
- Apr 15, 2016
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buy gold.is going to rise sharply.
- Joined
- Jul 22, 2013
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- 11,371
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Well i cant help it when retards want to invest. If ypu dont know when to quit join temasick.
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