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Another sell-off caused by China?

 
moonscape
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User ID: 100809
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05/30/2007 09:22 AM
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Another sell-off caused by China?
China's stock market tumbles 6.5% after the government increases a tax on stock trading; other markets brace for a reaction. Private-equity firm Madison Dearborn Partners will acquire tech retailer CDW. Pulte Homes cuts jobs.

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MoreInvestors are hoping it won't be deja-vu.

China took another step to reel in its hot stock market, and the country's benchmark Shanghai Composite Index fell 6.5% in trading today, its worst decline since the 8.8% plunge in late February, which sent ripples around the global markets.

"Today's correction in Chinese shares is causing a knee- jerk reaction across Asia," Shane Oliver, money manager at AMP Capital Investors in Sydney, told Bloomberg News. "Markets have become skittish on this type of news given some of the extreme reactions in recent history."


[link to articles.moneycentral.msn.com]

Last Edited by Account Deleted by User on 08/28/2011 03:21 AM
Anonymous Coward
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05/30/2007 05:13 PM
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Re: Another sell-off caused by China?
China's stock market tumbles 6.5% after the government increases a tax on stock trading; other markets brace for a reaction.
 Quoting: moonscape


And the reaction of the Dow was to hit a record high. Same with S&P. NASDAQ was also up, just not as much.

Gold, silver, and copper down, as were all currencies against the dollar.




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Anonymous Coward
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05/30/2007 05:51 PM
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Re: Another sell-off caused by China?
The Dow is not CHINA. The BEARS posting got their butts wiped again.How ignorant can they be? All of these prognostigators want to be the one that says--I called it first on the 45th try.

IGNORE THESE MORONS.
Anonymous Coward
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05/30/2007 08:33 PM
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Re: Another sell-off caused by China?
perhaps the Chinese are trying to 'tell' their investors something by raising that tax. trying to tell them something [ like maybe don't be investing right now ] without coming out and directly saying it to cause a panic.

maybe they are getting ready to get rid of ALL their dollars. one way or another.
Anonymous Coward
User ID: 134485
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05/30/2007 08:33 PM
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Re: Another sell-off caused by China?
perhaps the Chinese are trying to 'tell' their investors something by raising that tax. trying to tell them something [ like maybe don't be investing right now ] without coming out and directly saying it to cause a panic.

maybe they are getting ready to get rid of ALL their dollars. one way or another.
Gentle Ben
User ID: 243619
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05/30/2007 08:43 PM
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Re: Another sell-off caused by China?
Goddammit !! I told you people to QUIT worrying about China, inflation, oil prices and real estate busts...

You DON'T know our plan so QUIT speculating, its irritating to me and the boys....So for the LAST TIME..We got it ALL under control. In another month, you wont know whether to shit or go blind so QUIT worrying about this stuff that doesn't concern you !
The boys over at the "Plunge Protection Team Headquarters" (in Bermuda) are pulling all the strings and twisting all the knobs...Go back to watching the new show Pirate Island and pay those ARM mortgages when they increase next quarter, will ya ?

Love,
B. Bernanke





GLP