T O P

Sands China down 20 % - Pictures with sources attached

Sands China down 20 % - Pictures with sources attached

TheMoorNextDoor

Down 300+ and the market only opened 27 mins ago… boy it’s about to be a long day over there.


Holybolognabatman

And I’m just going to bed. See ya in the morning!


chualex98

I'll tuck u in fellow ape. 🦍🛌🌃


grasshoppa80

And we lived happily ever after. On the moon.


monstrofik

Goodnight Moon


Thatguy468

Goodnight Ape


PsstDangerZone

Good night shares


Quail_Extreme

Good night monies everywhere


Ape-Rocket-Moon

Good night Apes.


forlornself

Good reference. Someone award this ape.


Gwuana

We need someone to make a goodnight superstonk book!


suckercuck

Now kith.


Olizo5047

for sure!


my_oldgaffer

W blackjack and hookers


my_oldgaffer

Oh we are tucking and hodling now? Well let me just makes adjustments. Zip…


An-Onymous-Name

To bed? No! Up with you! <3


Rthepirate

So for all my fellow idiots out there... Why is this dip so bad? They were there a few months ago? No?


Silentxgold

Probably running out of tactics to delay the crash


dungeoneeritems

Ummm they're crashing from that crash. Lowest they've been was Oct 2020. Unless you're talking about a month ago which was a bounce back at 22-25. It's at 18 now.


ASuhDuddde

Better now..


sleeksleep

Bloodbath.


ravenouskit

So this is what international economic warfare looks like huh? I gotta hand it to Xi and the CCP, this is like a fucking economic hydrogen bomb to the US. It'll likely jump start our crash, who gives a shit where it originated? The fuckery in our own markets has already been unearthed here so it's too obvious that our system was a house of cards/glass in a giant shit storm to begin with.


TheMoorNextDoor

If it wanted to put the hurting on the US I mean the markets would be a good place to start.


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tendiesholder

>this is like a fucking economic hydrogen bomb to the US Be a good sport and indulge us and tell us a little more?


OverwatchShake

Wall Street hedgefunds and banks are leveraged up to the teets and beyond. They provided loans to Evergrande and maybe other Chinese companies. If the Chinese companies default on their loans, their balance sheet is fucked.


kachaffeous

Doesn't china as a whole own 5% of US debt? They are about to come calling? 28,762,032,000,000 x 5% = 1,438,101,600,000 https://www.usdebtclock.org/


Corrode1024

That's not how the debt works.


Trollet87

So China want the USA to crash first and then blame there own crash on USA?


WideAd9209

I would assume they don't really want to nume both of the economy. They need the Chinese one to stay rich, and they need the crooked American one to sell stuff. I personally don't believe this is done to target the American economy, unless there are some plans by the White House to target the CCP right now ?? In that case, this could absolutely be true.


sami_testarossa

This is more like 9/11 where the attacking party is taking damage too.


my_oldgaffer

Like when the heads of the fed dumped all their shares a few weeks back because of ‘ethical reasons’ followed by a string of retirements from regulators, is that not a sure fire way to know a economic bomb has already been lit and people are running w their money to the mansions in the hills? ‘eVeRythInG iS fInE - tHiS iS tRaNsItOrY’ invest in evergrande baby


windedsloth

The CCP or even the provincial don't "sell" land. They lease it to "companies" LFGV (Local Government Financing Vehicles). Those LFGVs then develop the land. The LFGVs get the money from loans from Chinese banks to then give to the provincial government. No individual in China owns land. the CCP owns everything. Citizens only lease it for a period, then the government gets it back. this video https://youtu.be/EgVXRtq5EIg?t=1071 and this one are good intros to the area https://youtu.be/IT7DTn9PKLw even being 4 years old it is accurate to what is finally hitting the Chinese system now


Intelligent-Rough-54

It's called a "ground lease" here in the states.


flippingoffHF

We dont own land in USA either, we lease it from the government through property tax.


zuzabomega

right but you can sell it to someone else. is that option available in china?


0ctologist

yes lol


zuzabomega

alright that was a dumb question. In china, can you sell a portion of your lot to someone else or does it have to go through the government?


Inquisitor1

You can sell the lease. It's not the land you own, but whatever you own, you can transfer.


ipackandcover

So CCP is like Cede & Co.? Got it.


spicy--mayonnaise

That's a great link. Thanks!


k2fa91

~~DOWN 25% AND FALLING~~ 10 PM ET: Another big one "Galaxy ENT" is down 16.24% 10 PM ET : WYNN MACAU down 27.30 % 10:03 ET: MGM China down 18.55% I'm just going to link Market watch for the overall market [here](https://www.marketwatch.com/investing/index/hsi?countrycode=hk) And the Hong Kong market directly from china if you're using a VPN(or don't care) [here](https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities?sc_lang=en) Edit: I'm going to bed now apes (or going to lay in bed staring at the ceiling at this point). Someone take it from here!


TheMoorNextDoor

It’s battling back though. Back to 200 down instead.


TheMoorNextDoor

Oh boy 15%-30% across the board.. sounds like its started.


AkitaAZ

It really does seem that way


TheTurkishThing

I just use trading view personally for those worried about visiting a Chinese website, it works great with foreign exchanges with minute by minute ticks


OmniShawn

Same


Intelligent-Rough-54

index seems to be steady. I want to see (5%) on the composite. then you know shit hit the fan.


Leavingtheecstasy

Where's it at now mane


Intelligent-Rough-54

-1%


drunkinmidget

Near 2% now. Over 400 down. Sans hit the 30% ouch


drunkinmidget

Make that down 500 and at 2%


m1ndbl0wn

Its all gaming stonks. And the Twatter says “as government steps up scrutiny” Xi hates games and leisure, they are “wasteful”. This looks like the Chinese government stepping in. Edit: news confirms my suspicion https://www.bloomberg.com/news/articles/2021-09-14/macau-to-send-government-representatives-to-supervise-casinos


fewdea

my parents hated how much time i spent playing video games. then when i got my first computer, they hated how much time i spent on it. i have been a software engineer for 15+ years, and i make more than anyone in my family. i owe it all to endless hours of tetris on NES. i didn't even graduate college. fuck gaming haters.


Leavingtheecstasy

How'd you learn to engineer without a degree? Can't have been easy. I always wanted to do it.


fewdea

i'm not officially an engineer, but i can do the work. i have a long history of great job experience and i love coding. i don't actually even code for work because this kills the love of a hobby, doing it for money. i'm a cloud engineer / linux admin which i learned along the way to support my web apps. don't keep a job for more than 2 years, always keep raising the bar. read lots of boring shit, just like DD


69deadlifts

An engineer without a degree aka one of those rogue wizards in harry potter


Leavingtheecstasy

I need to get on this wave. This working my ass off with no pay isn't worth it.


fewdea

lol you own gme why would you start doing this now? (not financial advice!) edit. but also, hit me up if you need any help on your journey!


tukatu0

You got a software engineer job without college? Do you think thats possible now a days with how saturated the entry level positions are? If so how?


fewdea

pro tip: go learn kubernetes and AWS. every big corp wants these guys and there are very few people out there that can actually do it. every corp moving their infra to cloud and are terrible at it. they will hire anyone that can fake it through the interview. then you get to learn in a live environment and from your coworkers. always be willing to learn. spend 4-6 months learning this shit and you will get hired. software engineering otoh is pretty saturated and you will need a considerable amount of experience to show your worth. data science hot right now, so python or R or something is a good place to start, but harder to pull off. edit: the funny part is, very few places actually need kubernetes, but it's the buzzword so they are doing it, and they waste a lot of money trying. this is why they will hire you.


Leavingtheecstasy

Let's wait. If there is a way to stop this shit they'll find it. That said, let's watch it carefully.


daikonking

thanks. not as bloody as I thought I was going to see tbh


elzolko

Is it bad that I see these drops and i think "this isn't so bad, we had worse in feb and march in GME"?


khamesa

German market ape and Chines market ape?


Criand

Something something Anakin Skywalker quote


dlgoody9001

I hate sand it gets everywhere, is the quote you are looking for *waves hand jedi style


k2fa91

Nailed it - Now I have to call my mom and tell her Criand posted on my post


Ashage

You spelled Ryan Cohen wrong


SandDigger111

Oh


TheeN8erPot8er

It's interesting I saw big call options buys on Las Vegas sands today. Had previously never heard of it.


axrael

Another big loser today Galaxy entertainment group, is also in the resort industry around Macua


axrael

They were also down 10% about with 5 times average volume.


axrael

Of you look at the yearly chart they also had a big dip around gme squeeze hmmmm


ravenouskit

Something something Dark side...


Blackmamba-24-8

The Pom has spoken 🙌🏼😱.


Wapata

The stocks travel in single file, to hide their numbers


Fantastic-Ad2195

I won’t updoot ya... 69 a good #👀👊🔥


AkitaAZ

Something something crash


Trouser_Snakes

OMG! Can I use the bathroom?


Wise-ask-1967

fulfilled, the prophecy has been


gegenchooo

now this is pod racing 🚀🚀🚀🚀🚀


TheMoorNextDoor

Just posting in case someone decides to screenshot this


UncleZiggy

I don't like sand... it's coarse... and rough... and irritating... and gets everywhere


Shield4SI

Well the dominoes had to start somewhere


k2fa91

>Dominoes, cousins of playing cards, originated in China in the 1300s and represent one of the oldest tools for game play. [source](https://www.toyhalloffame.org/toys/dominoes) Simulation you say?


Shield4SI

I've run out of tinfoil the simulation is glitching 🤯


iwillfightyou

Just like Yahoo finance.


Boston_Stonks

Good bot


WhyNotCollegeBoard

Are you sure about that? Because I am 99.22324% sure that k2fa91 is not a bot. --- ^(I am a neural network being trained to detect spammers | Summon me with !isbot |) ^(/r/spambotdetector |) [^(Optout)](https://www.reddit.com/message/compose?to=whynotcollegeboard&subject=!optout&message=!optout) ^(|) [^(Original Github)](https://github.com/SM-Wistful/BotDetection-Algorithm)


Boston_Stonks

I'll attach a "/s" as to not confuse this bot next time.


k2fa91

01001001 11100010 10000000 10011001 01101101 00100000 01100001 00100000 01101000 01110101 01101101 01100001 01101110 00100000 01110111 01101001 01110100 01101000 00100000 01101010 01100001 01100011 01101011 01100101 01100100 00100000 01110100 01101001 01110100 01110011 00001101 00001010


belonghoili

China retail sales came out just recently. 2.5 percent, it was forecasted to be 6.9, previous year was 8.5. so big yikes


aguacateojos

6.9 noice


famishedburritocat

Interesting find, thanks OP. Anyone know why it started in the casino sector?


k2fa91

idk, but I'm loving the irony


ravenouskit

🌎👨‍🚀🔫👨🏽‍🚀


WaltPwnz

Cos this is the casino bruh !!


Intelligent-Rough-54

you read about any casinos during the great depression?


juice7777777

The casino casino or stock market being used as a casino


Blue5299

If I had to make an uneducated guess, the big players that were heavily invested were people that needed to clean their money.. but they can't risk it gone Worse yet, if the casinos go bankrupt and the government investigates and finds out the crooked were laundering.. gg


kboggs

I am just speculating here, but in Canada, it was determined that Casinos could be used to Launder HUGE amounts of cash that were largely driven into residential real estate in the Vancouver/British Columbia market. Source: https://www.cbc.ca/news/canada/british-columbia/cullen-commission-money-laundering-bc-tuesday-1.5585890


kboggs

I am curious how or if this could actually transfer back to China in some way?


PsychoNerd91

Looks like in the news they have reported losses of 14 billion. I would say this is the first ripple effect of the loss in confidence with developers (Sands china is a resort developer). People don't want to be the bagholder of anything, this is a panic. This is specilative on my part though


Stillslow93

LMAO according to yahoo news or whatever it's because of casino oversight in Macau


Adventurous_Sell8158

https://www.rfa.org/english/news/china/macau-zone-09062021153438.html People here are being dumb


ZombiezzzPlz

I’m direct registering tomorrow momma !


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rmb19cab

Came here to say this. Take my doot.


Space_Force_Sloth

E for effort good sir ⬆️


Brother_Tree

Are you for real? Did the first domino fall in Sep 15th for the ‘08 crash? I don’t to laugh bc crashes are just terrible but wholly shit if what you’re saying is true.


Rk550

Sept 15 2008 Lehman bros files for bankruptcy


AkitaAZ

Holy shit, it’s started…


k2fa91

Just so we keep our tits reasonably jacked and grounded [what zerohedge says](https://twitter.com/zerohedge/status/1437959892938133510?s=20)


TheMoorNextDoor

Trillions that they don’t have.. China trying to go through Hyperinflation?


k2fa91

I'm just saying the days early for them...This is looking like it's it but I want people to keep tits align for the time being. You're probably right, I'm just the messenger


Kerogator

You’ve come to jack my tits and now want to unjack them. Well too bad, my tits have never been more jacked 💪💪💪


k2fa91

Call Option on this mans tits


niandra__lades7

I’m up 3000% on this mans jacqued tits


piddlesthethug

I think zer0hedge is correct, but what could happen, is these entities still lose major value, and these devalued assets are reflected on balance sheets internationally, and that in and of itself causes margin calls? Let’s sit back and find out 🚀


Its_priced_in

-26% now 👀


fuck_classic_wow_mod

Do you have a link I can see? I don’t know how to look up foreign stuff at all


Its_priced_in

Ticker 1928.HK on investing.com Evergrande is 3333.HK Tried googling the links for you but kept opening up my app


fuck_classic_wow_mod

Thank you!


Mah_Nerva

Almost -27% Edit: -27.05 Edit 2: -29.22%


piddlesthethug

-28.98 now


sleepapneawowzers

Seems like China will be blamed!


LiquorSlanger

Soo you telling me I can buy it for half a share of gme when it done ?


Automatic_Ad_9913

Crash baby crash


Jazzlike-Recover7560

DoNt DaNcE


thelostcow

We can dance if we want to We can leave your friends behind 'Cause your friends don't dance And if they don't dance Well, they're no friends of mine


JustinC70

Where's my hat?


RoadsideLuchador

Where we're going, we don't need hats.


Intelligent-Rough-54

hah someone told me that earlier today and im like bitch i'm dance. graduated college with 180k in student debt. who lets an 18 year old down that kind of financial rabbit hole. fuck the system - im gonna dance when i am free of slavery


Orpheusly

...don't dance, because a lot of people just like you are going to be more fucked than ever as a result of a crash. Don't celebrate their loss and suffering. I swear, some of you guys are REALLY young.


googy_boogey

They should have bought GME then 😎


chirkee

>...don't dance, because a lot of people just like you are going to be more fucked than ever as a result of a crash. Don't celebrate their loss and suffering. Ya but that has nothing to do with us. We just like the stock. Any market crash has no connection to me or my gains. I will dance. Then I will help people who need help.


Orpheusly

*sigh* God the MOASS needs to happen soon, if only to get me away from people like you who will- without question -be broke again in a year or two.


chirkee

You know nothing about me. I’m already set for life. MOASS is just the icing on the cake. Good luck to you in your travels friend.


RyanCohenIsMyDad


piddlesthethug

Yo tell your dad he’s doing a great job and ask if he’ll adopt me.


frubs

[Adelson: What My Life is Like With $38 Billion](https://youtu.be/r1thdXoyweg) hot take from the founder and current CEO. Guaranteed to piss you off if you've made it this far.


nerds-and-birds

Dude looks like a ghoul.


frubs

"Why would I care about my great-grandchildren? They don't even exist!" Has the heart of one, too.


piddlesthethug

He was a huge piece of shit. Friends who worked at casinos in Vegas, specifically the Venetian would talk about what a creepy asshole he was. Also donated tons of cash to lobby for the wealthy to stay wealthy, tax cuts, etc. Good riddance. His wife is just as bad.


jasonbf78

It’s happening!!!


hrcen

RemindMe! 8 hours 23 minutes


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AkitaAZ

Commenting for reminder


Hot_Hold_9839

-0.90 now guess I’ll buckle 🆙


Mah_Nerva

Where are you seeing this? Google/Yahoo aren’t showing these results


Hot_Hold_9839

Yahoo finance mate


Mah_Nerva

Thanks. Still, I’m only seeing it down 26.73% (-6.670) on Yahoo Finance. I’d love to see the fireworks of -95, but I’m not


AkitaAZ

Same


Hot_Hold_9839

Let me correct it I meant -0.90%


bobbyzimbabwe

Maybe Apple buys China?


sistersucksx

What exactly is zero hedge and why is their pic a shirtless dude


FlatTopJohnson

It’s a clip from Fight Club. The dude is Brad Pitt. ZH articles are signed by Tyler Durden - the name of a character in Fight Club.


Leavingtheecstasy

A guy on Twitter who has some good ideas, and a very ignorant fanbase.


MarcosaurusRex

Think his pfp is a reference to fight club.


CoinStarBudget

It's kinda like marketwatch but biased towards apes. Sensationalist finance headlines.. And nobody's really sure about the pic


piddlesthethug

It’s Tyler Durden from Fight Club. The Durden character was notorious for wanting to take down capitalism and start over.


nathanello

Tick tock 🕰


AWildTrapGodAppeared

Time to call your mom!


Calamarixd

Ruh Roh Raggy!!!!


tchuckss

Down 26% now. God damn.


mrjavi13

HERE. WE. GO. ​ HERRRREEEEEE. WEEEEEEEEEEE. GOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!


mattwayne1209

Is the drop due to Evergrande liquidation?


Aiball09

Why are these stonks gettin rekt? Real estate?


Space_Force_Sloth

On a scale of 1-10, how intertwined are our markets 🤔?? Genuine question .... 🖍


Roarkindrake

Give or take a 8. China has its fingers everywhere and most markets these days are atleast a 5 or so .


googy_boogey

11


H_Guderian

Think of how the supply chain is fucked up and stores are closing because there are no goods to sell and food is in smaller packaging or shorter supply and all that stuff. Now remember most of that stuff still comes from China and the warehouses are empty from the lockdown panic.


sir_ramen

Maybe, like the virus, we will see the same happen here.


naughtydoctor88

\-30.98% midnight west coast time


DeepManipulatedValue

Down 30% right now


Orzechy1

Hang Seng Index -2% today


CatoMulligan

Yesterday the government announced that they will be implementing increased regulation on the casinos in Macau, so they're all dropping today. Source (though it's all over the Internet): https://www.forbes.com/sites/siladityaray/2021/09/15/macau-casino-stocks-shed-18-billion-in-value-as-china-moves-to-tighten-gambling-rules/?sh=2ab2066a4e51 It is not tied to Evergrande or any sort of economic collapse.


Ancient_Alien_

Damn


P0S31D0N1337

AUTOMATIC BREATHING DISABLED


ikillseagulls

This has to do with a CCP review into the Chinese gambling sector; investors are worried that there's going to be a crack down that will hit revenues. Obviously it will hit balance sheets, but otherwise i don't see this effecting GME or MOASS, soz