Good morning readers
I'm looking at the iPad and I see a sea of red in Asia.
The government in China has balls, and decides to halt small stocks trading .
How stupid can one be, it's not going away, nor are people going to just forget about it either...LOL
Maybe pray or hope people won't sell....Hmmmm I would give it some weight but so many Chinese borrowed money to buy property overseas.
Now that the Stockmarket is starting to get the jitters, so to banks in regards to collateral.
This is nothing new to anyone over 50 years of age, who saw what happened to the Japanese when there market started to tumble.
SAME PRINCIPLE ,nothing has changed the west minister economic model its still the same.
30% correction in the stock market, leads to a 20-30% more collateral in property assets.
Can't raise it within 30 days then they just sell it at market prices.
Most who bought property did so from there investments in the Stockmarket.
Then you have the gearing of small funds... Geez is going to be a mess.
It didn't happen in the 2008 subprime because it was a world meltdown of the system.
This is a Chinese issue only.
Amazing how astrology never lies.
China will be the reason for the financial meltdown not Greece or Europe.
It's obvious that small margin calls are filtering through at the present time with the American indexes down 1% and Germany down 1.6% already.
Enough dancing on the graves of the Chinese for now..
They will learn the hard way that markets don't always go up.
As traders we need to be smart now and need to be aware that the market will have positive aspects as stated in previous posts tomorrow .
I'll be waiting to see where HK closes and if 5% or more will be looking to exit before the first hour of U.S open, as panic might see 2025 before it stabilises.
The phone call will come from Obama today to China.
To the Australian traders bank your profit on sycom, I think it could be dangerous waiting till the morning, might loose half of them.
This is far from over but need to be humble and surf the waves people.
It's amazing when there is trouble astrologers are called upon for there insights.
Yet all other times we are voodoo ....LOL
I hope you all make a truck load of money.
10am in Greece
I'm looking at the iPad and I see a sea of red in Asia.
The government in China has balls, and decides to halt small stocks trading .
How stupid can one be, it's not going away, nor are people going to just forget about it either...LOL
Maybe pray or hope people won't sell....Hmmmm I would give it some weight but so many Chinese borrowed money to buy property overseas.
Now that the Stockmarket is starting to get the jitters, so to banks in regards to collateral.
This is nothing new to anyone over 50 years of age, who saw what happened to the Japanese when there market started to tumble.
SAME PRINCIPLE ,nothing has changed the west minister economic model its still the same.
30% correction in the stock market, leads to a 20-30% more collateral in property assets.
Can't raise it within 30 days then they just sell it at market prices.
Most who bought property did so from there investments in the Stockmarket.
Then you have the gearing of small funds... Geez is going to be a mess.
It didn't happen in the 2008 subprime because it was a world meltdown of the system.
This is a Chinese issue only.
Amazing how astrology never lies.
China will be the reason for the financial meltdown not Greece or Europe.
It's obvious that small margin calls are filtering through at the present time with the American indexes down 1% and Germany down 1.6% already.
Enough dancing on the graves of the Chinese for now..
They will learn the hard way that markets don't always go up.
As traders we need to be smart now and need to be aware that the market will have positive aspects as stated in previous posts tomorrow .
I'll be waiting to see where HK closes and if 5% or more will be looking to exit before the first hour of U.S open, as panic might see 2025 before it stabilises.
The phone call will come from Obama today to China.
To the Australian traders bank your profit on sycom, I think it could be dangerous waiting till the morning, might loose half of them.
This is far from over but need to be humble and surf the waves people.
It's amazing when there is trouble astrologers are called upon for there insights.
Yet all other times we are voodoo ....LOL
I hope you all make a truck load of money.
10am in Greece
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