tuscl

OT: DOOMED Shanghai Composite Closes Above 3000

Monday, December 8, 2014 4:24 AM
Remember when Stevie-girl quoted that article in The Economist about how worrisome China was because it's growth was a mere 6-7% a year and they were, rightfully, worried about this dangerously low growth rate that is? Well it appears, for some irrational reason the Shanghai Composite and those exchanges linking to it are not worried. The index closed above 3000 last night, put it up around 50% YTD and about 25% since The Economist and Stevie-girl's prophecies of DOOM. WTF is going on here? I thought when Stevie-girl quoted something he always made sure it made sense and was first rate and he, definitely, is very well qualified to know this. After all he spends 1-2 to minutes a day googling and cherry picking headlines to confirm (to those already predisposed to want to believe) his notions of DOOM. How come investors just don't see it like he and The Economist do?

12 comments

  • SlickSpic
    •
    10 years ago
    Careful Doug, you might make him Shangry.
  • Dougster
    •
    10 years ago
    Nice!
  • Duke69
    •
    10 years ago
    Lol
  • Dougster
    •
    10 years ago
    Absolutely DOOMED! Because Stevie-girl said so!
  • crazyjoe
    •
    10 years ago
    Shit...we need to pull our money out asap and run to the nearest atrip club and stuff a gstring full. Doomed I tell you
  • Mate27
    •
    10 years ago
    What the hell has been happening to the shanghai today?!
  • SlickSpic
    •
    10 years ago
    I'm hungry. Think I'll make me a Shang-which. Badupp tish!
  • crazyjoe
    •
    10 years ago
    ^^^ if you want a Shang-which, meet me at the mine...Silver Mine Subs
  • Dougster
    •
    10 years ago
    Meat: down 5% last night. They excluded certain kinds of bonds as collateral over there. Biggest one day drop since 2009. Absolutely DOOMED! Because Stevie-girl said so! (When CNBC started hyping buying into China on Friday you could kind of see a this coming.)
  • Mate27
    •
    10 years ago
    Too much political risk for me to consider playing that market, even though it ripples to us over here. Either way we're "Doomed"!
  • Dougster
    •
    10 years ago
    Meat72: "Either way we're 'Doomed'!" Yep. Absolutely DOOMED! Because Stevie-girl and The Economist said so.
  • Dougster
    •
    10 years ago
    Looks like this DOOMED exchange/country had a 3% bounce back last night. Probably because stocks in the New York session, especially the NASDAQ, had a big bounce back after the overseas correction.
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