"6" is also a "lucky number"...
Greenspan's comment on may 23 about the climb in stocks being unsustainable, drove Asia's richest man Li- Ka-Shing to reply " the market must be a bubble" , also the Peoples Bank Of China governor Zhou expressed the same concern a couple of weeks earlier
Companies in China last year earned a total profit of 1.88 trillion yuan, according to the statistics bureau, compared with total shares sales of 197 billion yuan.
Investors on May 28,2007 opened 455,111 new accounts to trade mainland shares, including mutual funds, bringing the total to 100.3 million, according to the China Securities Depository & Clearing Corp. Over 20 million accounts have been opened at brokerages so far this year, four times the amount in the whole of 2006, according to the clearing house. ...Taking these factors into effect ....China's government has tripled the stamp duty on the trading of shares in what analysts say is a bid to cool the country's overheated stock market specifically for speculators. The tax will rise from 0.1% to 0.3% with immediate effect, Beijing said.
DA
day trading
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I am guessing that the number 8 is "luckier" than 6 though? Anybody able to confirm this?
I wonder what effect a crash in China will have on the US market? There will definitely be some correlation and co-movement but I'm not familiar enough (yet) with those market dynamics to make an educated comment.
I wonder what effect a crash in China will have on the US market? There will definitely be some correlation and co-movement but I'm not familiar enough (yet) with those market dynamics to make an educated comment.
GI
Gioachino
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Many Chinese believe in lucky numbers, usually based on the pronunciation of the number itself.
1: can mean unity
2: easy
3: live
4: considered bad omen
5: me, myself
6: easy and smooth
7: together
8: sudden fortune, prosperity
9: long in time
48: 4 sounds like 'death', when placed in front of the prosperous 8 becomes 'determined to prosper'.
518: I will prosper
5189: I will prosper for a long time
516289: I will get on a long, smooth prosperous road
5918: I will soon prosper
168: a road of prosperity or be prosper together. Many areas in China, charged telephone service numbers starts with 168 (similar to 900 number in U.S.)
289: Easy long-term prosperity, mostly in south east China and Hong Kong
1: can mean unity
2: easy
3: live
4: considered bad omen
5: me, myself
6: easy and smooth
7: together
8: sudden fortune, prosperity
9: long in time
48: 4 sounds like 'death', when placed in front of the prosperous 8 becomes 'determined to prosper'.
518: I will prosper
5189: I will prosper for a long time
516289: I will get on a long, smooth prosperous road
5918: I will soon prosper
168: a road of prosperity or be prosper together. Many areas in China, charged telephone service numbers starts with 168 (similar to 900 number in U.S.)
289: Easy long-term prosperity, mostly in south east China and Hong Kong