What Happened To This Guy ? Bohemian Rhapsody In China

I think they should stop arresting people and make a new rule – Nothing less than a High School diploma before anyone can open an account.

 

And instead of real estate collateral, maybe ask for BODY PARTS ? Like healthy kidneys ?

Otherwise we all just end up with stuff like this.

 

Bohemian Rhapsody was playing in my head for the whole of yesterday as I thought of banana trader.

Is this the real life?
Is this just fantasy?
Caught in a landslide
No escape from reality;
Open your eyes
Look up to the skies and see

I’m just a poor boy, I need no sympathy
Because I’m easy come, easy go
Little high, little low
Anyway the wind blows, doesn’t really matter to me,
to me

We have a huge rebound today but in a paralysed market where more than half the counters have been suspended and the rules are that they can only be suspended for 5 days before a review kicks in.

Offshore, we have Nomura and Daiwa in Japan blocking customers from trading in Chinese equity funds. http://www.bloomberg.com/news/articles/2015-07-09/nomura-daiwa-stop-redemptions-on-chinese-equity-funds-amid-rout

Bonds being dumped with Chinese HY bonds falling 1.35% yesterday, as reported by Bloomberg.

Hang Seng’s revival today has cancelled all her losses of yesterday but I suspect we will hit a wall soon because there is a lot of clean up to do in the days ahead with those margin calls.

 

Such Earthquake-like corrections usually come with a Aftershocks !

Defaults, scandals and such should be good for investors who will finally follow the Chinese policy makers’ preference for a “slow bull, not mad cow” market. http://blogs.wsj.com/chinarealtime/2015/04/27/in-stock-market-stampede-china-welcomes-slow-bulls-and-mad-cows/

I would keep those pennies handy to buy on selling frenzies.