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Current market carnage - anyone selling or buying?
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As I understand it, a large proportion of Chinese shares are held by retail investors who tend to be more likely to base their buy/sell decisions on emotion/ tarot cards/whatever - thats why prices swing so wildly. Apparently the underlying Chinese economy is still growing at 7% a year, which is less than it was, but its productive growth, not unproductive housing cost growth like England.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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Glen_Clark wrote: »As I understand it, a large proportion of Chinese shares are held by retail investors who tend to be more likely to base their buy/sell decisions on emotion/ tarot cards/whatever - thats why prices swing so wildly. Apparently the underlying Chinese economy is still growing at 7% a year, which is less than it was, but its productive growth, not unproductive housing cost growth like England.
The main reason for the tank this time round from what I can tell was that the expiry date for large investors to be able to sell was coming to an end from the last emergency measure not tarot cards.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
The main reason for the tank this time round from what I can tell was that the expiry date for large investors to be able to sell was coming to an end from the last emergency measure not tarot cards.
In hindsight, the Chinese Authorities attempt to limit market volatility by closing the market (which applies to all investors) after a 7% swing may have made matters worse?
Either way if you are invested in equities for the long term, its the underlying value in the shares that matters, because that will resurface in time
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
I have a f ew stocks on my buy list so may do that.
but I just paid 5K in Uni fees so my cash pool is shrinking. And the OH's 15 yr old car needs replacing.0 -
Here we go. A market is in decimation thread. I knew it wouldn't be long. Totally unnecessary of course because we are all here for the long term so this momentary volatility is quite normal and shouldn't be phasing anyone.0
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A_Flock_Of_Sheep wrote: »Here we go. A market is in decimation thread. I knew it wouldn't be long. Totally unnecessary of course because we are all here for the long term so this momentary volatility is quite normal and shouldn't be phasing anyone.
Depends which shares you hold. As there's going to a shake out.0 -
Respect to whoever here invested in Pantheon Resources0
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No one would be investing at the moment unless they enjoy playing with falling knives.0
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A_Flock_Of_Sheep wrote: »Respect to whoever here invested in Pantheon Resources
Aaah, Meesster Sheep.....
We've been expecting you! 0
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