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"The Shanghai Composite rose 0.7 percent to 3,641.83 at 9:48 a.m. local time, heading for a ninth day of gains, the longest winning streak since 2007." I like
by GreaterFool 12y ago
"The Shanghai Composite rose 0.7 percent to 3,641.83 at 9:48 a.m. local time, heading for a ninth day of gains, the longest winning streak since 2007."
I like the use of the term "winning streak". No need to pretend it's more than gambling*
I hate articles that perpetuate the notion that share price is the ultimate raison d'etre.
*this is not supposed to be an absolute statement. it is to be taken with a pinch of salt!
- seanmcdirmid 12y agoSupposedly, they are finally cracking down on inside trading and the market will become more of a reliable place to make money without guangxi. So it is more like gambling with fair odds vs. having the cards all stacked against you.
- notsurewhat2 12y ago>Cracking down on insider trading, no longer needing guangxi Wumaos are on HN now?
- hobs 12y agoCalling a contribution astroturfing is a fairly serious accusation, and signing up a new account to do it shows that I doubt you believe that.
- seanmcdirmid 12y agoNever was accused of being a wumao before. I did say supposedly, I'm not sure if its really true or not. I'm not putting my money into the SH stock market yet even though I have plenty of RMB in the bank uninvested.
- Gustomaximus 12y agoFurther, it's unhealthy how the news reports the days stock movement like it's almost the daily health of the ecomomy. It feels like it creates this incredibly short term thinking over a fairly a arbitary number.