Chinese shares drop in dramatic slide

http://www.bbc.com/news/business-34037122 ^

[TigerClaws]

Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders.

The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's sharp losses.

The sell-off continued despite China's latest attempts to reassure investors.

Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.

[TigerClaws]

Black Monday on the way?

[LukeL]

The Nikkei and HSI are both down around 4.5%.

[TigerClaws]

These guys seem saner every day:

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015

https://www.youtube.com/watch?v=rkELgi6EkNo

[SeaHawkFan]

Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.

Do that and there is going to be a new revolution.

[Signalman]

DJIA futures down 388 @ 9:36 PM PDT.

[TigerClaws]

I think we’re going to have a 10% drop this week in U.S.. Major correction.

[steve86]

Not sure because of the potential for a vicious bear-market rally (at any time), but it would only be a correction to an even more vicious bear market trend.

[packrat35]

I think we are already down 10% for the year. Another 10% is possible as there is blood in the water and the sharks are feasting.

[familyop]

Have a look at the Dow future.

http://www.bloomberg.com/quote/DM1:IND

[Jim from C-Town]

I though the stock market was over valued when it hit 12,000. I was positive when it hit 14,000.

[DoughtyOne]

Give it a few weeks or months. Great time to buy back in...

[july4thfreedomfoundation]

How do you make a small fortune in the stock market?

Start out with a large fortune.

[PAR35]

Dow futures now down 401.

[silverleaf]

Excellent

[tatown]

Especially true if you let me pick the stocks to buy.

[WilliamofCarmichael]

Simon Littlewood, president at business advisory firm ACG Global told the BBC there were concerns that the world's second biggest economy was "a one-trick pony as they have been trying repeatedly over the past few months to put more liquidity into their economy", yet so far have failed to calm markets.

I recall seeing articles over the past year or so about wealthy Chinese moving the liquidity (money) OUT of Red Chins -- I think most wealth is in the hands of Communist Party members so that ought to suggest what's really going on. Total collapse? Border-to-border Tiananmen Square? Revolution? Mao coming back.

No more Red China is a hell of a lot better than war with them.

[LukeL]

" one-trick pony as they have been trying repeatedly over the past few months to put more liquidity into their economy"

Unlike the US economy and US government strategy.

[Jack Hydrazine]

Everyone should watch that video.

[Jack Hydrazine]

The 21st century is when everything changes. And Freepers are ready.

[gaijin]

Later