10 percent of maids in Shanghai resigned because they made more money trading s

Discussion in 'Trading' started by Bogan7, May 30, 2007.

  1. And people are saying the market is overheated?

  2. bluud


    I bet today they were happy for what they did :D
  3. They need dips like these to let everybody in and suck them into the madness :p
  4. down 6.5% tonight

    the buyers will be back later again

    not a big deal at all
  5. Yes the maids will be down the brokerages doubling up first thing tomorrow
  6. asap


    ohh i see, it is the MMM - maid money management.:D
  7. just21


    Bloomberg TV were reporting that 408,000 brokerage accounts were opened on May 28th. 20 million this year.
  8. http://www.ft.com/cms/s/2ca3603c-08cb-11dc-b11e-000b5df10621.html

    The explosion in day-trading has created some unintended consequences in Shanghai in the form of unwashed dinner dishes, badly ironed shirts and dusty floors. In recent weeks the city has developed a shortage of ayis, the domestic helpers who do chores in the homes of middle-class families, because some have found more gainful employment playing the market.

    Sheng Min, who runs a Shanghai agency that recruits ayis, says it started to face problems finding new domestic helpers in April because of the stock market fever and now has 50 per cent fewer women on its books than usual.

    "We occasionally receive phone calls from employers complaining about their ayis," he says. "Some of them seem to be more interested in chatting about stocks with their friends than working."

    Zhang Wei works most weekday mornings in houses around the city, but recently she has been visiting a brokerage in Shanghai's Hongkou district in the afternoons. "Last month I made almost half my salary from investing," she says.

    With an eye on the new day-traders, an advertisement was placed on the Taobao auction site last week selling doctors' certificates for one month off work for Rmb100 ($13, €9.70, £6.60). It has since been removed.
  9. No actually 4 million were opened
  10. 4 million in one month not 400k otherwise how could they open 20 mill in 5 months?
    #10     May 30, 2007