Jokes reveal people’s unhappiness with lax stock market management

Jokes reveal people's unhappiness with lax stock market management

Editor: Draco Cooper | Tactical Investor

Jokes reveal people’s unhappiness

If you owe the bank $100, that’s your problem.

If you owe the bank $100 million, that’s the bank’s problem.

BULL MARKET: A random market movement causing an investor to mistake himself for a financial genius.

BROKER: The person you trust to help you make major financial decisions. Please note the first five letters of this word spell “Broke.”

A stockbroker and his two friends took a month off to sail across the Atlantic.

Midway across they hit a hurricane and the yacht sank, leaving barely enough time for all three to radio for help and scramble into a rubber life raft.

The raft was riding very low in the water and being circled relentlessly by six or seven sharks when a Coast Guard launched a small rescue boat.

A giant wave came along and swamped the survivor’s raft. In an instant, the sharks mauled the two stockbroker’s friends into little more than hamburger but then broke apart to form a pathway and escort the survivor safely into the hands of the Coast Guard.

“Damn!” gasped one of the astonished sailors. “That was a miracle!” “Nah,” explained the stockbroker modestly, wringing the seawater out of his shirt. “Just professional courtesy!” Full Story

Jokes reveal people’s unhappiness with stock markets

DOMESTIC STOCK MARKETS experienced a huge, unexpected fall on Monday. On the Shanghai Stock Exchange, about 100 stocks fell to their daily limit, and the start-up board fell by more than 5 per cent. On the Shenzhen Stock Exchange, the index fell by 4.51 per cent. Yet people made jokes about it, blaming a sculpture near Beijing Financial Street for having brought bad luck. Such black humour shows people are unhappy with the management of the domestic capital market, says a column on Beijing News:

Whenever there is a dramatic drop in the stock market or abrupt fall in stock prices, people always make witticisms pinning the blame on whatever sculpture is on Financial Street for bringing bad luck.

When stocks fell on Monday, the sculpture was a group of naked children, and people jokingly said they mean “we are too poor to have clothing”.

Before this, other sculptures had come, provoked witticisms, and gone; in one instance within half a day.

It is a mistake to regard these comments as people just trying to be funny. People are unhappy with the management of the capital market, yet they cannot change that. There are always insider trade deals in the capital market, and some can always make use of the loopholes in the stock market. Full Story

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