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World Stock Markets Trading Discussion - Burpy bounce


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w?s=%5EAORD&lang=en-AU&region=AU

 

All Ords rebounded, closing +0.7%.  Telecomms led the charts, +1.5% followed by Financials +1.2% with Gold -1.3% and Miners -0.2% the only down sectors.

Over in Asia, China +0.6%, Hong Kong +0.1%, Japan +0.9%, India currently +0.5%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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The interesting case of China Huishan Dairy 

 

So the stock falls 85% in one day - $4 billion wiped out.

 

Carson Bloch says he doesnt know why?

 

Well let me offer a possible explanation why???

 

If you look at the stocks chart you can see fairly clearly that some one was supporting the stocks price since September 2015.

 

Some one has been keeping the stock pumped up since then.

 

Obviously they have run out of money to keep the stock pumped and the market reality price SUDDENLY ADJUSTED to the actual real reality price of the stock. 

 

Was the pumper borrowing the money to keep the price pumped and the lender (possibly a chinese bank) said NO MORE!!!

 

Who sold stock between September 2015 and NOW at the high prices????

 

Whoever did was a winner of the Chinese new world.

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Hmmm take a look at SIMON PROPERTY GROUP

one of the largest and most popular retail-focused real estate investment trusts (REITs) in the market. 

 

Simon Property Group invests in mall properties, including those under the Premium Outlets and The Mills brand names. Simon owns or has an ownership interest in 229 properties with about 190 million square feet, and is the largest publicly traded U.S. REIT.

 

 

?s=spg.us&c=3y&t=c&a=lg

 

https://stooq.com/q/?s=spg.us&c=3y&t=c&a=lg&b=0

 

additionally - they dont like interest rise, as usual.

 

Could be a canary in the coal mine.

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