Stock market tanking away to day.

[BTCfan668]

On the tank is la stock market..

Tanking? It's still quite high compared to the recent (and all-time) high. I wouldn't worry much about it. The real problem is that the P/E is still too high.

P/E ratios being high is a good indicator that stocks are overpriced and are due for some kind of decline.

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[arbitrage001]

China property market is on the way of busting. Many will repatriate money back from abroad to either pay back bad debt or bail out the banking system. Asset price around the world will correct.

This is similar to what Japan did in the 90's.

[funtotry]

China property market is on the way of busting. Many will repatriate money back from abroad to either pay back bad debt or bail out the banking system. Asset price around the world will correct.

This is similar to what Japan did in the 90's.

People have been speculating that the chinese property market has been too hot for a very long time now. It has been rumored that skyscrapers are being build in China that end up being vacant when they are finished but are subsidized by the government and government sponsored entities.

[jofus87]

I've seen MASSIVE apartment complexes, practically small cities, completely vacant in the middle of nowhere while riding the train through China. It's strange to see nothing but farm-land, then BOOM, skyscrapers with no signs of life, then back to farmland.

[LiteCoinGuy]

oh how exiting, stock market moved 1,5%  

...bitcoin moved 15% in the same hour.


@jofus87

only saw that in tv about china. its "the same" in Spain.

[pitham1]

I've seen MASSIVE apartment complexes, practically small cities, completely vacant in the middle of nowhere while riding the train through China. It's strange to see nothing but farm-land, then BOOM, skyscrapers with no signs of life, then back to farmland.

This is the situation in other countries as well.  The real estate bubble is about to burst across the world.

[abrahamlitcoin]

The real estate bubble is about to burst across the world.

So is this good for real estate business or bad?

[pitham1]

The real estate bubble is about to burst across the world.

So is this good for real estate business or bad?

Of course it is bad for the industry.
Not so much for first time home buyers though.

[BTCmoons]

I've seen MASSIVE apartment complexes, practically small cities, completely vacant in the middle of nowhere while riding the train through China. It's strange to see nothing but farm-land, then BOOM, skyscrapers with no signs of life, then back to farmland.

This is the situation in other countries as well.  The real estate bubble is about to burst across the world.

There are really not any other countries that are doing this. China is building up a lot of skyscrapers to help their local construction industry but there is no demand for any businesses to rend the space in the skyscrapers so they sit vacant. Since no one is working in the skyscrapers and no one occupies them, there is no traffic that would cause demand for land around them (for stores, restaurants and shops) so the land surrounding them stays undeveloped. Chinia does have a massive trade surplus they can use to finance this however it is very strange they are doing this.

[Unbelive]

I've seen MASSIVE apartment complexes, practically small cities, completely vacant in the middle of nowhere while riding the train through China. It's strange to see nothing but farm-land, then BOOM, skyscrapers with no signs of life, then back to farmland.

This is the situation in other countries as well.  The real estate bubble is about to burst across the world.

There are really not any other countries that are doing this. China is building up a lot of skyscrapers to help their local construction industry but there is no demand for any businesses to rend the space in the skyscrapers so they sit vacant. Since no one is working in the skyscrapers and no one occupies them, there is no traffic that would cause demand for land around them (for stores, restaurants and shops) so the land surrounding them stays undeveloped. Chinia does have a massive trade surplus they can use to finance this however it is very strange they are doing this.

They have to. Who else will instead of them. They plan whole economy, not just infrastructure as is in most of countries.
I live in Europe and there are similar situations, well not whole cities, but there are lots of unsold apartments. Our national bank got this apartments for the loans they gave to now bankrupted construction companies.
But reason why those apartments was not sold is simple, they are not the ones customers use. or are to big or o small or poorly made or nto energetic well build. When they were constructed, everything that was build was immediately sold. and Construction business grew 20% or more per year so as worth of square meter. After 2009 things changed.

[panju1]

There are really not any other countries that are doing this. China is building up a lot of skyscrapers to help their local construction industry but there is no demand for any businesses to rend the space in the skyscrapers so they sit vacant. Since no one is working in the skyscrapers and no one occupies them, there is no traffic that would cause demand for land around them (for stores, restaurants and shops) so the land surrounding them stays undeveloped. Chinia does have a massive trade surplus they can use to finance this however it is very strange they are doing this.

They have to. Who else will instead of them. They plan whole economy, not just infrastructure as is in most of countries.
I live in Europe and there are similar situations, well not whole cities, but there are lots of unsold apartments. Our national bank got this apartments for the loans they gave to now bankrupted construction companies.
But reason why those apartments was not sold is simple, they are not the ones customers use. or are to big or o small or poorly made or nto energetic well build. When they were constructed, everything that was build was immediately sold. and Construction business grew 20% or more per year so as worth of square meter. After 2009 things changed.

[/quote]

Even if there are unsold apartments, builders are not ready to cut prices to sell them. Simple supply demand economics will tell them that prices should fall. Builders hold on to apartments in the hope that prices will rise again.
This angers me. 

[Robert Paulson]

i have predicted this 6 months ago.

https://bitcointalk.org/index.php?topic=356923.msg6362392#msg6362392

[spazzdla]

The Stock market at current prices is a bargain !
If you have some cash it's the right time to pump in for quick 2-3% profit in short term.

Seems more like a way to lose a quick 1-2% a day...

[duke1839]

The Stock market at current prices is a bargain !
If you have some cash it's the right time to pump in for quick 2-3% profit in short term.

Uh, no.  Retail investors have left the stock market.  The only thing holding it up is free money being pumped in with QE forever.  Not saying a collapse is imminent but it will happen.

[Lethn]

LOL a username called Hustler saying you should invest in the stock market, seems legit No, this is a crash I have been waiting for, I'm sure the central banks will try to breathe more life into it, but it looks like this is the beginning of the end, the global economy shall crash and burn and we will be sitting on top of the ruins.

[Eastwind]

LOL a username called Hustler saying you should invest in the stock market, seems legit No, this is a crash I have been waiting for, I'm sure the central banks will try to breathe more life into it, but it looks like this is the beginning of the end, the global economy shall crash and burn and we will be sitting on top of the ruins.

We will survive. Although stock market will drop 10-20% more.

[Lethn]

We won't just survive, we will thrive partly because the U.S government will end up bankrupt and won't be able to afford to regulate us out of existence.

[Eastwind]

We won't just survive, we will thrive partly because the U.S government will end up bankrupt and won't be able to afford to regulate us out of existence.

We will thrive. But if US gov goes down, it will try its best to take us down with it.

[leen93]

STOCK MARKET IN EUROPE WTF IS HAPPENING 
if someone wants to invest in stocks with bitcoins (go long or short with high leverage if you want)
you keep your investment in bitcoins, so if you make 100% profit you get back the double amount of bitcoins (if btc price doubles and stock goes up 1% with leverage of 100 u get double the amount of btc sworth 4 times the amount of $ u invested)
https://1broker.com/m/r.php?i=2130
if you use my referallink I'll give you a surprise

[kolloh]

Man I hope this stock market drop is only a short term thing and it recovers. This is not good for our economy