8-Jul-15 World View -- China halts trading on 1,000 companies as stock bloodbath continues

[John]

8-Jul-15 World View -- China halts trading on 1,000 companies as stock bloodbath continues

Report on Obama's plans for the Mideast strategy into total fantasy

** 8-Jul-15 World View -- China halts trading on 1,000 companies as stock bloodbath continues
** http://www.generationaldynamics.com/pg/ ... tm#e150708


Contents:
Greece's Tsipras shows up at Brussels empty-handed
Greece's finance minister tells himself not to gloat
Report on Obama's plans for the Mideast strategy into total fantasy
China halts trading on 1,000 companies as stock bloodbath continues


Keys:
Generational Dynamics, Greece, Alexis Tsipras, Euclid Tsakalotos,
François Hollande, Saudi Arabia, Salman bin Abdulaziz al Saud,
Islamic State / of Iraq and Syria/Sham/the Levant, IS, ISIS, ISIL, Daesh,
Syria, Bashar al-Assad, Yemen, Houthis,
Al-Qaeda in the Arabian Peninsula, AQAP,
China, Shanghai Stock Exchange, Market Stabilization Fund

[Tom Mazanec]

Code: Select all

Index                        Country   Change  % Change Level     Last Update
Australia ASX All Ordinaries Australia -107.50   -1.93% 5,456.50  2:11am ET
Shanghai SE Composite Index  China     -219.93   -5.90% 3,507.19  3:27am ET
Hang Seng                    Hong Kong -1,440.68 -5.77% 23,534.63 4:01am ET
Mumbai Sensex                India     -519.21   -1.84% 27,652.48 5:59am ET
Nikkei 225                   Japan     -638.95   -3.14% 19,737.64 2:28am ET
Taiwan TSEC 50 Index         Taiwan    -274.05   -2.96% 8,976.11  1:33am ET

[/b]

[vincecate]

Halting trading on stocks is extremely dangerous because it exacerbates the pressures that caused the losses in the first place, meaning that the fall will be far more precipitous when trading begins again. If trading remains halted for more than a few days, then a secondary market will be created, where investors trade the losing stocks outside the stock market, and that can cause additional harm.

Imagine an investor has 10 stocks and gets a margin call. If 5 of them are no longer trading, then he has to make up all his margin trouble by selling the 5 that are still trading. So they go down even faster.

People who advocate messing with markets usually don't see the unintended side-effects of their plan.

[John]

I wonder if the same issues apply to the NY Stock Exchange,
which halted trading half an hour ago.

[shoshin]

Best discussion I've seen on the "Greek problem" from my favorite philosopher, Slavoj Zizek...

http://www.newstatesman.com/politics/20 ... ope-awaken

[John]

> Best discussion I've seen on the "Greek problem" from my favorite
> philosopher, Slavoj Zizek...

> http://www.newstatesman.com/politics/20 ... ope-awaken

> Slavoj Zizek’s is a senior researcher at the University of
> Ljubljana in Slovenia and international director at Birkbeck
> Institute for the Humanities. His latest book is “Trouble in
> Paradise: from the End of History to the End of Capitalism” (Allen
> Lane)

So a far-left communist is rooting for the destruction of the
eurozone. What else is new?

[Tom Mazanec]

Index Country Change % Change Level Last Update
Australia ASX All Ordinaries Australia -0.20 -0.00% 5,456.30 2:10am ET
Shanghai SE Composite Index China +202.14 +5.76% 3,709.33 3:29am ET
Hang Seng Hong Kong +876.23 +3.73% 24,392.79 4:01am ET
Mumbai Sensex India -114.06 -0.41% 27,573.66 7:16am ET
Nikkei 225 Japan +117.86 +0.60% 19,855.50 2:28am ET
Taiwan TSEC 50 Index Taiwan -61.98 -0.69% 8,914.13 1:33am ET


The "fool's rally"?