The Chao Gu Episodes

Post Reply
User avatar
Royal
Posts: 10562
Joined: Mon Apr 11, 2011 5:55 pm

The Chao Gu Episodes

Post by Royal » Thu Jul 09, 2015 5:42 am

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.


User avatar
Pigeon
Posts: 18055
Joined: Thu Mar 31, 2011 3:00 pm

Re: The Chao Gu Episodes

Post by Pigeon » Thu Jul 09, 2015 7:43 pm

Looks like to over valuation has been repaired.

User avatar
Royal
Posts: 10562
Joined: Mon Apr 11, 2011 5:55 pm

Re: The Chao Gu Episodes

Post by Royal » Fri Jul 10, 2015 5:10 am

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.

User avatar
Pigeon
Posts: 18055
Joined: Thu Mar 31, 2011 3:00 pm

Re: The Chao Gu Episodes

Post by Pigeon » Fri Jul 10, 2015 1:13 pm

Of course. The machine has learned how to prevent itself from being consumed in the feeding frenzy. Now it just get fatter.

Post Reply