Stock market meltdown imminent?
 

Since the Chinese stock market is CRASHING and the Greek Exit is roiling Europe, do you guys see these 2 factors colliding to cause some nasty TURBULENCE for global stock markets? China unveils new steps to prop up stocks, but market dives - Yahoo Finance

I'm a fan of volatility and I'm taking advantage of the premium. I think China will have much more effect than Greece.

What the Chinese government is doing is HARDCORE... but it can't seem to stop the BLEEDING....

Shanghai has been in a bubble for some time -- it popped.

http://quotes.ino.com/charting/histo...=15&a=50&v=d12

Greece is more a local event to the EU stock markets.

The US markets are maybe overpriced ... More so overpriced as they are markets of refuge now, propped up by event driven demand.

could be.
and why ? because I saw advertisment titled "invest on stock market during times of growing markets".
I remember seeing similar advert luring to play on futures for oil in 2008, when oil was for 150 $... few months later it crashed to 20- something ;-)

The China stock market is acting like Wall Street on Black Monday or worse !!!

Down what 30% in a week? Amazing.......

NYSE Suspends Trading in All Securities - Bloomberg Business

NYSE is offline....... ALL SECURITIES.

And China has been replicating the failures that precipitated 1929 crash. Insure your favorite investors. Their flying out a window might have a positive side to it for us. :thumbsup

That's because the Chinese have been keeping their economy afloat for years with fairy dust and unicorn wishes.. Now it's time to pay the piper.. It's been waiting to collapse for a long time..

NYSE halts trading of ALL STOCKS. Following the Chinese government's approach to prevent sliding shares? NYSE halts trading due to 'technical' issue - Yahoo Finance

In the US. As long as interest rates are at 0 people have nowhere else to put their money. So I don't see a market crash lasting long in the US.

Don't listen to me though. I thought the Ipad was stupid and bitcoin was overpriced at $10.

(response posted to wrong thread)

Where you part of the GFY crowd that said 1) Buying Google stock was stupid and 2) Facebook stock was a ripoff? :winkwink:

Bitcoin SPIKED UP when the NYSE froze

INteresting times.

They are up ahead.

This is the bit that would worry me for quick recovery:

"In China, some 80% of investors are individuals, many of whom have borrowed from a broker to play the stock market."

China stocks bounce back after days of panic selling among investors | Business | The Guardian

Bitcoin did well during the Cypriot bank run if I remember correctly - If I had any money it would be under my mattress:2 cents:...