99StockGT Posted July 27, 2015 Report Share Posted July 27, 2015 http://money.cnn.com/2015/07/27/investing/china-stocks-shanghai/index.html Been watching this for the past few months, granted most people have a limited exposure to the markets there but....thoughts? Quote Link to comment Share on other sites More sharing options...
Exodus Posted July 27, 2015 Report Share Posted July 27, 2015 http://money.cnn.com/2015/07/27/investing/china-stocks-shanghai/index.html Been watching this for the past few months, granted most people have a limited exposure to the markets there but....thoughts? Terrible to see people lose money in this market. Waiting for it to happen here next. A Greece or a Zimbabwe can happen here in the us. Quote Link to comment Share on other sites More sharing options...
o0n8 Posted July 27, 2015 Report Share Posted July 27, 2015 I pulled everything out of China years ago against my financial adviser's advice. 6ish months later 60 Minutes did a report on China's Ghost cites. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted July 27, 2015 Report Share Posted July 27, 2015 I'm surprised that today's drop in China hasn't affected the U.S. market as much. I'll keep an eye on Alibaba, Baidu, for opptys... Quote Link to comment Share on other sites More sharing options...
99StockGT Posted July 27, 2015 Author Report Share Posted July 27, 2015 With all the money thats been "made" there in the markets the past few months everyone seems to be glossing over how many people have lost everything the past 2 months. Getting in late, buying on margin, then a couple massive drops... Quote Link to comment Share on other sites More sharing options...
Lauren Posted July 27, 2015 Report Share Posted July 27, 2015 I pulled everything out of China years ago against my financial adviser's advice. 6ish months later 60 Minutes did a report on China's Ghost cites. My father in law is a contractor in the auto industry and currently over sees a few factories outside of Shanghai. The stories he tells me if these ghost cities and just pure emptiness is insane. Quote Link to comment Share on other sites More sharing options...
oh8sti Posted July 27, 2015 Report Share Posted July 27, 2015 Can vouch for the Ghost cities. Twenty one pilots is playing a show here in Shanghai tomorrow. We took the tour bus to the cities just to look around. It's the most bizarre thing in the world to me. They aren't even far from HUGE metropolitan areas. It's just people here avoid them just to piss off the government. The weirder part is they are building MORE. They also pay the villagers that are local to the cities to clean the buildings every week or so. They all look ready to move into, just no one is inside or walking the streets. It's like a rich version of the walking dead. Quote Link to comment Share on other sites More sharing options...
Turbs3000 Posted July 27, 2015 Report Share Posted July 27, 2015 I had heard that none of the cities were complete yet and the idea is to have people move in once the whole city is done. Also that they don't expect to need them for 5-10 more years, they are just trying to plan for the growth. but then again what is true in China... Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted July 27, 2015 Report Share Posted July 27, 2015 Well, I guess if China crash what will that do to our economy? Can we pay our bills yet? May be gold will be back down to $500? Quote Link to comment Share on other sites More sharing options...
Tractor Posted July 28, 2015 Report Share Posted July 28, 2015 I have always stayed away from China, they don't follow rules, they have no problem miss reporting financial data, eta. IMO not good unless you know of something specific. Quote Link to comment Share on other sites More sharing options...
Lauren Posted July 28, 2015 Report Share Posted July 28, 2015 Can vouch for the Ghost cities. Twenty one pilots is playing a show here in Shanghai tomorrow. We took the tour bus to the cities just to look around. It's the most bizarre thing in the world to me. They aren't even far from HUGE metropolitan areas. It's just people here avoid them just to piss off the government. The weirder part is they are building MORE. They also pay the villagers that are local to the cities to clean the buildings every week or so. They all look ready to move into, just no one is inside or walking the streets. It's like a rich version of the walking dead. Did you notice if they were like little villages for specific country groups? The way the FIL explained it to me is they built a bunch of little Italy's or the GERMAN village where all those ex pats would live as they came over from their country to work. Quote Link to comment Share on other sites More sharing options...
Exodus Posted July 28, 2015 Report Share Posted July 28, 2015 Quote Link to comment Share on other sites More sharing options...
Exodus Posted July 28, 2015 Report Share Posted July 28, 2015 I have always stayed away from China, they don't follow rules, they have no problem miss reporting financial data, eta. IMO not good unless you know of something specific. Lol... What rules? I don't believe a thing that comes out of the markets here either, nor do I have a solid expectation of anyone to follow the "rules" Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted July 28, 2015 Report Share Posted July 28, 2015 China fucks everything up. Quote Link to comment Share on other sites More sharing options...
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