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Is that surprising at all? If we take a look at the Shanghai Composite index in the past 5 years the bubble is pretty obvious [1]. That makes me wonder whether
by rndn 11y ago
Is that surprising at all? If we take a look at the Shanghai Composite index in the past 5 years the bubble is pretty obvious [1]. That makes me wonder whether a simple averaging/smoothing law could mitigate such crazyness without limiting sensible business traffic significantly. I don't know enough about the stock market to say how and whether this could work, but the fact that a monstrous apparatus like this is allowed to develop such abnormalities seems absurd.
[1] http://i.imgur.com/gpHe1gc.png http://i.imgur.com/gpHe1gc.png
- pjc50 11y agoAveraging of what? Prices are what they are, despite limits on daily movements (closing "limit down"). Price controls can work on commodities in some limited circumstances but not on a pure abstraction like a stockmarket.
- icebraining 11y agoIt's not exactly simply "being allowed", China has been implementing a lot of new measures regarding this crisis (e.g. banning short selling, limiting price drops). Some people argue those have been making it worse - though for a layman like myself, it's hard to distinguish honest from biased opinion.