FinTwit's going nuts: https://twitter.com/search?q=Evergrande&src=typed_query
"WHY ARE WE WATCHING FOOTBALL WHEN EVERGRANDE IS IMPLODING"
Good video clip on it: https://twitter.com/Reuters/status/1439811556792049674?s=19
$305 billion AUM. China is staring down their own 2008 Great Recession event. If the commies don't bail this bank out (lol), the Eastern world's economy is FUBAR.
Remember Michael Burry, the neurodivergent guy from The Big Short who made boatloads of cash from predicting the housing CDO bubble? Here's what he's saying
Bad news for the global economy, good for Dramacoin
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How do I profit from this?
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Defense industry lol, if the economy explodes Xi is either going to invade Taiwan or India to not get walled.
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hope you're right
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R-slurs take their investing advice from wsb, real investors go to rdrama.net
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Absolute mad lad. I want to check in a month to see if this would have actually made money, lmao.
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china doesn't really have a history of invasions tho
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Except for invading Vietnam Tibet and India lol
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buy longs on the company that manufactures anti-suicide nets
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Start a chinese rope manufacturing company
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But how to stop workers from necking with your own product long enough to establish market share?
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Use Uighur labor. Suicide sends them to Jahanam
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If you're hearing it first on r/Drama after it was all over Twitter, Wall St. probably already beat ya to it.
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I'm still trying to figure out how the superstonk r-slurs think this is going to trigger GME to MOASS.
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they think reverse repo means that banks lack liquidity so that it going up = MOASS. Also something about ComputerShare
I mentioned it on another post but GME's basically a quant playground and tends to just do whatever it wants. It only had a 6% drop today, which by GME standards is just a slight hiccup of a day.
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The SCMP was running articles about evergrandes inevitable collapse last Monday.
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Darn, you caught it early. Do you work in the Asian markets?
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Fintwit's been talking about Evergrande for a little while. The post from InArteCarloDoss or whoever isn't his first on the matter. There was also that conspiracy theory about Tether being backed by Evergrande commercial paper.
When the bond yields spiked to like 50% or whatever, a bunch of people took notice
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No I just read the South China Morning Post.
https://scmp.com/business/markets/article/3148457/china-evergrandes-restructuring-quasi-unavoidable-amid-distress
8 days ago. I guess that’s not quite missing debt payments. But it’s distress has been in the news.
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Invest in dramacoin.
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Offer glorious leader Xi your bussy to take out his frustration upon in exchange for North Korea.
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The only relevant question at this time.
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unironically buy the dip. timing the market gets memed on but theres gonna be a serious crash in the near future
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wat to buy though? 🤔
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some index fund. checking on your stocks every day is no better than a middle aged woman playing candy crush
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Some chinese
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Just get in the money LEAPS on an index fund and go as far out as you possibly can. Just get a strike that doesn’t have some atrocious spread and go off that. I have an “emergency stock” fund just sitting there waiting for time when the market looks like it’s on fire.
We’ve had bear markets before, sure, but modern economic theory is here for the foreseeable future in the west; we’re gonna just have constant inflation for the indefinite future. Might as well ride it.
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So when's the bottom of the dip? Might have to... time the market
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Chink company. It is very risky
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Find the trading partners of Chinese construction companies that seem particularly vulnerable to a down turn in Chinese construction. And then short sell them.
Like this - https://nasdaq.com/market-activity/stocks/cat/real-time
Now that's already being done. So you're gonna need to double down. Be like "it's not just these one motherlovers, all of China's gonna Titanic in this b-word."
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Well if you want to gamble there are probably places to short various china exposed markets. But I wouldn't call it free money. Can't ever count on the chinamen not pulling something out of their asses.
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buy puts before the next opex unwind, buy index calls in a bit, sell some puts on low margin stocks ~weds/thurs
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