(forget Greece) "China Crash Accelerates..."

[neilgin1]

China Crash Accelerates, Drags Composite Under 4000; US Futures Flat Ahead Of Nonfarm Payrolls


"If it was Greece's intention to crush the Chinese stock market instead of Europe's, well - it succeeded. Because despite the PBOC and politburo throwing everything but QE at the stock market, China stocks closed down sharply on Thursday after another wild trading day as investors shrugged off regulators' intensified efforts to put a floor under the sliding market, by cutting trading fees and easing margin rules, which has now crashed 25% in about two weeks wiping out $2.5 trillion of the peak $10 trillion in Chinese stock market cap as of June 14. This ultimately resulted with the Shanghai Composite closing under 4000 for the first time since April.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 4,107.99, while the Shanghai Composite Index lost 3.5 percent, to 3,912.77 points, on volume of 58.3 billion shares as margin calls are accelerating and as regulators realize that investor took leverage upon margin upon leverage.
"

rest of article with charts:
http://www.zerohedge.com/news/2015-07-0 ... onfarm-pay

note.......2.5 trillion evaporates?....oh boy, batten the hatches.

[Cu Penny Hoarder]

These losses are so miniscule, they're not even worth reporting. The histrionics at ZH have always been high.

Wake me up when the market loses 10-15% in one day.

[beauanderos]

These losses are so miniscule, they're not even worth reporting. The histrionics at ZH have always been high.

Wake me up when the market loses 10-15% in one day.

I have to agree. What's a measly 2.5 trillion? (where's the sarcasm smiley?)

[Cu Penny Hoarder]

These losses are so miniscule, they're not even worth reporting. The histrionics at ZH have always been high.

Wake me up when the market loses 10-15% in one day.

I have to agree. What's a measly 2.5 trillion? (where's the sarcasm smiley?)

The Shanghai has crashed and lost trillions before and came back. Same for the US market in 2008/09. The comeback was all due to the Fed Reserve money pumping.

When people are expecting/predicting a crash it never happens. Yes, it will happen to the US market someday, but it could take months or years. TPTB are not ready to let it go yet. The next big US market crash will be epic... it will come like a thief in the night, without warning. ZH has been calling for a US market crash since they first appeared in 2009... they've been wrong this whole time. What a fantastic contrary indicator they have been. Maybe if ZH goes off-line the US market will finally crash.

[68Camaro]

These losses are so miniscule, they're not even worth reporting. The histrionics at ZH have always been high.

Wake me up when the market loses 10-15% in one day.

I have to agree. What's a measly 2.5 trillion? (where's the sarcasm smiley?)

The Shanghai has crashed and lost trillions before and came back. Same for the US market in 2008/09. The comeback was all due to the Fed Reserve money pumping.

When people are expecting/predicting a crash it never happens. Yes, it will happen to the US market someday, but it could take months or years. TPTB are not ready to let it go yet. The next big US market crash will be epic... it will come like a thief in the night, without warning. ZH has been calling for a US market crash since they first appeared in 2009... they've been wrong this whole time. What a fantastic contrary indicator they have been. Maybe if ZH goes off-line the US market will finally crash.

It never happens, of course. Until it does. That it is a future event doesn't make the criers wrong, only premature. You seem to take joy in noting that it hasn't happened yet. Sadly, that this is happening slowly is far, far worse than if it happened quickly. If this has been resolved in 2008-9 like it should have, we would be well along in a global recovery. Instead, every month and year the can gets kicked the eventual end game gets worse. At this point, on the path the world is on, it can only end in global financial collapse, or global war, or global totalitarianism - or some combination of any and all of those three.

Of course TPTB don't want to let it go. They don't ever want to, and some of them know the end game and are preparing for it themselves. It will go out of control for them eventually. Looking for signs for when that happens, and thinking about what to do before that happens, has merit. Yes, the tipping point will probably be a singular point in time, but it might not be obvious that it has happened until it is the rear view mirror. But those predicting eventual catastrophe are right about the ending. While neither the specific means to that end nor the timing are sure, for those that are paying attention it is not the timing that is critically important; it is being prepared for it that is important.

As another blogger noted, one can "over prepare" by being unbalanced and by not considering the possibility that one path is for this to take many more years to fail. But it is almost always generally better to prepare than to not.

[beauanderos]

what HE said

[68Camaro]

And I'll note that while the market hasn't literally crashed yet, some years from now we might look back and say that the tipping point just occurred, or actually already happened last year, or in 2013...., or 2008.

[Cu Penny Hoarder]

It never happens, of course. Until it does. That it is a future event doesn't make the criers wrong, only premature. You seem to take joy in noting that it hasn't happened yet. Sadly, that this is happening slowly is far, far worse than if it happened quickly. If this has been resolved in 2008-9 like it should have, we would be well along in a global recovery. Instead, every month and year the can gets kicked the eventual end game gets worse. At this point, on the path the world is on, it can only end in global financial collapse, or global war, or global totalitarianism - or some combination of any and all of those three.

Of course TPTB don't want to let it go. They don't ever want to, and some of them know the end game and are preparing for it themselves. It will go out of control for them eventually. Looking for signs for when that happens, and thinking about what to do before that happens, has merit. Yes, the tipping point will probably be a singular point in time, but it might not be obvious that it has happened until it is the rear view mirror. But those predicting eventual catastrophe are right about the ending. While neither the specific means to that end nor the timing are sure, for those that are paying attention it is not the timing that is critically important; it is being prepared for it that is important.

As another blogger noted, one can "over prepare" by being unbalanced and by not considering the possibility that one path is for this to take many more years to fail. But it is almost always generally better to prepare than to not.

I agree with you. BTW, I take joy in NONE of this, I am just stating the obvious. This propping up of the entire economy and financial system is getting very long in the tooth. All I'm saying is that we could be waiting much longer for this crash than anyone here expects.

[silverstacker]

And I'll note that while the market hasn't literally crashed yet, some years from now we might look back and say that the tipping point just occurred, or actually already happened last year, or in 2013...., or 2008.

Here here!!! Great point and along the lines of my thought on the subject

[neilgin1]

These losses are so miniscule, they're not even worth reporting. The histrionics at ZH have always been high.

Wake me up when the market loses 10-15% in one day.

I have to agree. What's a measly 2.5 trillion? (where's the sarcasm smiley?)

The Shanghai has crashed and lost trillions before and came back. Same for the US market in 2008/09. The comeback was all due to the Fed Reserve money pumping.

When people are expecting/predicting a crash it never happens. Yes, it will happen to the US market someday, but it could take months or years. TPTB are not ready to let it go yet. The next big US market crash will be epic... it will come like a thief in the night, without warning. ZH has been calling for a US market crash since they first appeared in 2009... they've been wrong this whole time. What a fantastic contrary indicator they have been. Maybe if ZH goes off-line the US market will finally crash.

truth spoken.

[neilgin1]

It never happens, of course. Until it does. That it is a future event doesn't make the criers wrong, only premature. You seem to take joy in noting that it hasn't happened yet. Sadly, that this is happening slowly is far, far worse than if it happened quickly. If this has been resolved in 2008-9 like it should have, we would be well along in a global recovery. Instead, every month and year the can gets kicked the eventual end game gets worse. At this point, on the path the world is on, it can only end in global financial collapse, or global war, or global totalitarianism - or some combination of any and all of those three.

Of course TPTB don't want to let it go. They don't ever want to, and some of them know the end game and are preparing for it themselves. It will go out of control for them eventually. Looking for signs for when that happens, and thinking about what to do before that happens, has merit. Yes, the tipping point will probably be a singular point in time, but it might not be obvious that it has happened until it is the rear view mirror. But those predicting eventual catastrophe are right about the ending. While neither the specific means to that end nor the timing are sure, for those that are paying attention it is not the timing that is critically important; it is being prepared for it that is important.

As another blogger noted, one can "over prepare" by being unbalanced and by not considering the possibility that one path is for this to take many more years to fail. But it is almost always generally better to prepare than to not.

MORE truth spoken.