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The Chao Gu Episodes

Posted: Thu Jul 09, 2015 5:42 am
by Royal

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.


Re: The Chao Gu Episodes

Posted: Thu Jul 09, 2015 7:43 pm
by Pigeon
Looks like to over valuation has been repaired.

Re: The Chao Gu Episodes

Posted: Fri Jul 10, 2015 5:10 am
by Royal
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.

Re: The Chao Gu Episodes

Posted: Fri Jul 10, 2015 1:13 pm
by Pigeon
Of course. The machine has learned how to prevent itself from being consumed in the feeding frenzy. Now it just get fatter.