Whose fault was it?

Whose fault was it?
Jun 20, 2008 04:13
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	Just in ten days, Chinese stocks has slumped to its lowest point, which was below 2800 points. Really a great blow to those investors. Most of them have lost a lot of money due to the slump. Now some investors claim that the government should be responsible for the slump. In their opinions, the government could have done something. But they haven't. To be precise, they haven't done enough. One or two months ago, they had lowered the stamp tax on stock transferring according to those investors' request. However, it has taken effect very well. Thus, the investors blame the government for the slump and require them to do more to recover the confidence of the market. However, was it only the government's fault for the slump? Shouldn't they think about themselves? Whose fault was it?

Jun 20, 2008 04:13

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

Just in ten days, Chinese stocks has slumped to its lowest point, which was below 2800 points. Really a great blow to those investors. Most of them have lost a lot of money due to the slump. Now some investors claim that the government should be responsible for the slump. In their opinions, the government could have done something. But they haven't. To be precise, they haven't done enough. One or two months ago, they had lowered the stamp tax on stock transferring according to those investors' request. However, it has taken effect very well.

Thus, the investors blame the government for the slump and require them to do more to recover the confidence of the market. However, was it only the government's fault for the slump? Shouldn't they think about themselves? Whose fault was it?

Jun 20, 2008 04:18	#1
WCTMAN Points: Join Date: Dec 17, 2005 Status: Offline	Ooops, sounds like somebody forgot to tell the general public that investing in the stock market is risky business.

Jun 23, 2008 21:23

JIMMYB
Points:
Join Date: Feb 7, 2007
Status: Offline

To invest in the stock market is t0 speculate. As for speculating, there are two results: win or lose. It is not surprising that those investors have lost a lot of money. What's more, those investors have been told many times that there is indeed a big bubble in the stock market. However, they don't seem to care about it and still invest in the market. Right now, the market slumps. They just blam the government. When making profits last year, they had no complaint. When losing money this year, they have many complaints. Shouln't they examine themselves?

Jun 26, 2008 10:51	#3
APAULT Points: Join Date: Mar 11, 2006 Status: Offline	The stock market is not the government's responsibility beyong setting fair rules of behaviour and then managing the economy to the best of it's ability. perhas the market was overvalued - obviously some investors thought so - so there were more sellers than buyers and prices dropped. FANTASTIC - a great opportunity to buy.... if you believe in the Chinese economy......and i do!

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