Originally posted by BABABlackSheep
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stock market crash
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I am what I drink, and I'm a bitter man -
Originally posted by scooterscot View PostI don't take any pleasure in saying 'I told you so', but in your case...
A more accurate summation of your posts is "I could have told you so".
Originally posted by scooterscot View PostFools laugh, whilst the wise man listens.Last edited by Paralytic; 11 November 2020, 14:34.Comment
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2 days of massive swings to “value” stocks that have been hammered over the past 8 months.
Essentially buy anything in the FTSE apart from SMT and you would have made money.
Today seems things have calmed down. NHS and Old people going to get Vaccines which we hope won’t kill them, but its going to take many months and if this government is involved, is going to be a mess. All those people who have pilled into the FTSE will soon realise they are holding a bunch of shares in a barn where the horses have already bolted.
People will start to go back to backing the sectors that have been so successful to them previously, human nature.
In the meanwhile, lots of pressure on China FinTech sector following the regulatory issues that hit AliBABA and others. Of course we should have seen all of this coming in the charts, but hey. The thing to remember is the Chinese government have massive shares in these companies.......
...oh look ..US Elections, COVID Vaccine, Ant IPO...perfect storm, pull the plug, shares tank..Chinese government mop everything up whilst gaining more control. Why are we surprised.Last edited by BABABlackSheep; 11 November 2020, 09:25.Comment
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Originally posted by BABABlackSheep View Post2 days of massive swings to “value” stocks that have been hammered over the past 8 months.
Essentially buy anything in the FTSE apart from SMT and you would have made money.
Today seems things have calmed down. NHS and Old people going to get Vaccines which we hope won’t kill them, but its going to take many months and if this government is involved, is going to be a mess. All those people who have pilled into the FTSE will soon realise they are holding a bunch of shares in a barn where the horses have already bolted.
People will start to go back to backing the sectors that have been so successful to them previously, human nature.
In the meanwhile, lots of pressure on China FinTech sector following the regulatory issues that hit AliBABA and others. Of course we should have seen all of this coming in the charts, but hey. The thing to remember is the Chinese government have massive shares in these companies.......
...oh look ..US Elections, COVID Vaccine, Ant IPO...perfect storm, pull the plug, shares tank..Chinese government mop everything up whilst gaining more control. Why are we surprised.
A sound assessment. With the Ababa fiasco, it seems to me a free market in China is not possible with the CCP in power. For us investors in the West the culture is mind bending, you can't just buy exposure to stocks and expect the same as you might in the FTSE 100, Nasdaq etc. Most Chinese believe they are the leaders in the world - and who can blame them when we in the West have off loaded the majority of our manufacturing to them. A hard lesson is being learnt.
You for to mention B - that's the icing on the cake."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostA sound assessment. With the Ababa fiasco, it seems to me a free market in China is not possible with the CCP in power. For us investors in the West the culture is mind bending, you can't just buy exposure to stocks and expect the same as you might in the FTSE 100, Nasdaq etc. Most Chinese believe they are the leaders in the world - and who can blame them when we in the West have off loaded the majority of our manufacturing to them. A hard lesson is being learnt.
You for to mention B - that's the icing on the cake.
Regulation in FinTech is actually a good thing, and prudent. Its the timing which is very dubious.
As I said, the Chinese Government have massive interests in these companies. One day we’ll suddenly find they have agreed a deal and the shares will fly again. The figures are astounding, and can’t be ignored.Comment
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Originally posted by BABABlackSheep View PostAs I said, the Chinese Government have massive interests in these companies. One day we’ll suddenly find they have agreed a deal and the shares will fly again. The figures are astounding, and can’t be ignored.
I can't really believe that an authoritarian quasi-communist country will ever run their companies and stock-markets in a way to benefit Western investors.Comment
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FOA Scoots the non-day-trader
Just for jokes, I chucked in £2k, 7 days ago, and had some fun through the volatility.
2 images attached to show 7 day and 30 day timeframe, just to prove that I did really start on 04/11.
BTW I have extracted my £2k initial deposit already, so the numbers shown below are profit only. Or what Scoots might call "infinity returns".
Latest position from today is :
If history is anything to go by, this £ will all disappear very soon so I'm just showing off to Scoots while I canComment
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Awesome!!
What platform is this? Perhaps I can use it too if it helps shed light on the disparity between truth and belief."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Whorty View PostScooty thinks he's one of those wisemen who talks a lot ... just like Trump
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