Do you think shorting on China (like YANG) is a good idea now that China's economy is collapsing?
Why is AMC still gaining if the arbitrage is confirmed? It should be meeting the price of APE correct?
It's incredible to see where people still pretend there are market fundamentals compared to where people act like it's all a made up casino game.
Old baldy Solomon will have to pick up some more DJ gigs on the weekend to supplement.
Options speculation was the reason the market got run up in the first place, not sure why they are surprised when it also drives it down.
China Evergrande files for chapter 15 bankruptcy in US - court filing
Country Garden with 4x the projects is downgraded to junk status after bond defaults - it's not looking good for Chinese real estate
Looks like ghost cities are finally coming home to roost. *edit* corrected citys to cities.
If OP zoomed out further you’d see Jpowws money printer cocked and loaded ready to ease his quantity all over the 🌈🐻
Tomorrow is sideways because I’ll open with a call credit spread to make money on a drop again. Or better yet, it will go up
Never a smart idea to play with Chinese stocks. They don’t obey any economic principles, they just go wherever the party wants.