Posted on 08/25/2015 12:34:19 PM PDT by RinaseaofDs
Watching the end of the trading day on Fox Biz when the market dropped from 300 to 103 in two minutes. Trader told Liz Claman that the rumor is going around the trading floor that there may be a coup underway in China, and troop movements are being reported in Beijing. It was funny watching a trader hand news to a journalist.
Claman was caught flat-footed. Fox hasn't done anything about the rumor in the five minutes it was reported. Nothing on Drudge about China yet.
(Excerpt) Read more at foxbusiness.com ...
I think 50 North Korean submarines are still 'missing.'
This shutdown must cost somebody a fortune.
There were reported military movements along the border between China and NK over the weekend, during the latest crisis on the peninsula. Probably a routine move; Beijing has long feared a humanitarian wave when the Kim dynasty collapses, and Chinese leaders were simply taking normal precautions.
But the economic troubles in the PRC are far from over, and we will continue to feel the effects over here.
“I think 50 North Korean submarines are still ‘missing.”
Maybe those 50 subs sailed up Joe Biden’s wazoo.
Isn’t it illegal to float rumors in an attempt to influence the market?
Per some reports, China is moving tanks and 30K military toward their border with NKorea.
They tend to make such moves when a border state shows signs of military conflict.
==
Nothing is showing up in Google about troop movements in Beijing.
Factories in the Beijing down to Tianjin are basically shut down until for another couple of weeks for a planned “Parade”
This shutdown must cost somebody a fortune.
Not cheap for sure not to mention the delays in shipping, but its all part of the game and one comes to expect these things.
Most aggravating thing is flying in country and it seems every 3rd flight I take is delayed 2-4 hours due to the airspace being shut down for military exercises.
Susan Rice was recently outed as a patron of Ashley Madison. John Podesta too.
The specific rumor involved a power struggle between Xi and Li, and the troop movements were in the city of Beijing. Between the Chinese economic meltdown and the recent massive explosions at major plants, maybe the heat is on in terms of a leadership change.
It was THAT specific flavor or rumor that turned the market, nearly on a dime, with less than 20 minutes to go in the day.
Down -204. That’s a swing of over 600 points intraday.
Six days down on the S&P. A coup in China would be a not very good thing globally.
Russian President Vladimir Putin and ROK President Park Geun-hye are among the leaders expected to attend celebrations in Beijing on Sept 3.
Shutter factories for two weeks? Is that a normal thing over there? Boeing always shuts down between Christmas and New Years. It’s the only time they do it. Is that what we are talking about?
Why would they raise dividend rates?
Yeah, the U.S. fatcorps CEO's who've become wealthy beyond description. All while the American middle class declined while getting economically gang banged.
Here’s something creepy, as numbers go...
Dow Jones Industrial Average 2 Minute
Dow Jones Indices: .DJI - Aug 25 4:33 PM ET
15,666.44
Price decrease204.91 (1.29%)
15 ?
666 - Number of the beast
44 - 0bama
Maybe in relation to this:
“China on High Alert, Detains Critics, Protesters Ahead of War Parade”
http://www.rfa.org/english/news/china/alert-08252015110153.html
Also this on the tensions between Xi and Li:
This [today’s late drop in the Dow] Could Be Very Bad News Ahead Of China’s Open Tonight
http://www.zerohedge.com/news/2015-08-25/could-be-bad-news-ahead-chinas-open-tonight
That's Joe Biden's IQ.
That was quite a wild swing from up about 600 to down 204.
I bought a handful of puts when that came out. Scalped for a couple hundred bucks. Nice way to end the day.
Is it true? Does it matter?
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