Bitter Medicine: A Preview of the Post-Olympics Cliff-Edge

2008/8/8 15:20:58

This morning, someone tried to stump this ID with the inane question of why the Shenzhen Component Index has broken through its bottom on four consecutive tests while Shanghai hasn't. I wonder—does today's market action count as an answer? This ID would also like to ask: why can't you complete the following fill-in-the-blank: "Since even the Shenzhen Component Index has given up and broken down, can        be far behind?"

What is a cliff-edge move? These past few days, this ID's lengthy articles have repeatedly used this term. In plain language, it means giving up entirely—when confidence collapses unanimously, what can't crash? This ID said this morning that if the rally fails, dump the inventory on the bulls and let the bulls die. Someone asked back: why should the bulls die? If the bulls don't die, where would the major bottom come from? The question is: why must you stand on the side of the die-hard bulls? The world is so vast—why must you die alongside the bulls?

What caliber are the bulls? See for yourself:

"Stop dumping shares, or it won't be good for your health!" (2008-08-08 14:21:32)

Please, take care of yourself first. This ID's health doesn't need your concern.

Bitter medicine: no event can feed 1.3 billion Chinese people. Today is merely a preview. If you truly care about China and its people, then learn your lesson. The stock market is nothing—an economic cliff-edge is what's truly terrifying. After tonight, once face has been saved, do something substantive. 1.3 billion Chinese people need to eat—they can't miss a single day, not a single meal. As for the kind of meal served this afternoon, maybe eat a bit less of that.

Working to prevent an economic cliff-edge—this is the only slogan needed on August 8, 2008. As for some spectacle that a certain Liu, a certain Zhang, and a certain Zhao are all flamboyantly parading around—let it be whatever it wants to be.