This is clearly another rumour created by speculators and market manipulators. Yes, they may find somebody somewhere to utter some words or do something to justify the rumour and to sustain it for a while. Sometimes I feel rather sad to see how the Hong Kong Stock Casino has degenerated to a market for such low taste gossip or no-brainer rumours. But that is perhaps what the herd wants after all.
As long as someone can invent something to enable them to speculate, the speculators and the herd will fly. They don't care about the truth; what they need is a light that can burn up the market so that they may sell short or buy long ...or just to continue the gamble in the Hong Kong Stock Casino. The whole scene is pure degeneration of human dignity!
Wake up those guys who follow the herd. Yes, they should buy good stocks but they must not buy on speculative rumours. The rumour of stimulus package for Chinese stocks has been used for too many times. Aren't you bored by it?
What I think our Central Government might possibly do is to introduce new measures that would attract the inflow of more "legitimate" capitals into our Chinese stock market, and vice-versa (e.g. outbound Chinese investments in overseas businesses). The listing of foreign international companies in Shanghai should be one of the best examples.
Our Central Government is never a vehicle for speculators to steer for profits! Please do not dream up unreal delusions and try to assert pressures on our Central Government. China is our motherland, our nation, our land and our world. If anyone wants to cause any disorders in or manipulate our stock markets, I demand all Chinese people to stop it!
What we need is to decouple from the slowdown in US and elsewhere and consolidate our own economic development and growth whether domestically or in other parts of the world. Unlike the situation in US, the stock market in China does NOT rule China. China will not turn into a country ruled by a power like Wall Street in NY! No, this is not and must never be the right way for China.
Tuesday, August 19, 2008
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