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 The Chao Gu Episodes 
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Joined: Mon Apr 11, 2011 6:55 pm
Posts: 6494
Post The Chao Gu Episodes
Grandmas, cab drivers and college kids were all making small fortunes in a frenzy of "chao gu" or stir-frying stocks -- Chinese slang for trading.

And the stock rally came at a time when the wider economy was slowing, puzzling many financial analysts. But now they say gravity is taking effect.

"China's stock market had become detached from the reality of China's own economy, and appallingly overvalued," Patrick Chovanec, managing director at Silvercrest Asset Management, posted on Twitter.


Thu Jul 09, 2015 6:42 am
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Joined: Thu Mar 31, 2011 4:00 pm
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Post Re: The Chao Gu Episodes
Looks like to over valuation has been repaired.


Thu Jul 09, 2015 8:43 pm
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Joined: Mon Apr 11, 2011 6:55 pm
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Post Re: The Chao Gu Episodes
Very much so. nomo chowgew

Wondering if this was a grand set up much like it was in the US- Banks seizing assets / bailouts. Mouth watering revo.


Fri Jul 10, 2015 6:10 am
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Joined: Thu Mar 31, 2011 4:00 pm
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Post Re: The Chao Gu Episodes
Of course. The machine has learned how to prevent itself from being consumed in the feeding frenzy. Now it just get fatter.


Fri Jul 10, 2015 2:13 pm
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