One Minute Macro Summary - Earthquake To Be At Least ¥2.75T Hit To Japanese GDP (For Now)

Tyler Durden's picture

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Spitzer's picture

Looks to be just another up day.

Thorlyx's picture

yep. Problem is, there won't be any dips more to buy.

Shit, too late.

oh_bama's picture

Did I tell you guys to BTFD a few days ago???



Now just wait. for the next dip. And the BTFD!!


cowdiddly's picture

Even the infamous Rally Monkey is wearing a tin foil hat.(with lead liner)

oh_bama's picture

The demage is NOTHING when compared with the 1 quadrillion yen QEs in the pipe!!

Go BOJ! !



Battleaxe's picture

Thankfully the economic toll is worse than the market toll.

cossack55's picture

I understand Japan's GDP definition has been changed to

Gross Damage Projections

ivars's picture

There are more and more double dip recessions coming forward (UK, New Zeeland, Japan) so If Portugal goes Irelands way, you can buy the dip at DJIA 10500 in May but beware to SELL in June at 11500 before stocks go down from July 2011-March 2012 and beyond. See this February 6th chart which predicted the dip on February 18th, and also continues to predict the current and coming dip to 10500 in June, but also predicts second recession in the USA in q1 2012 and decline in stocks prior to that to 9500 in 2011 and 7500 in March 2012:


Basic reason for second recession on top of all other "black swans" - Oil prices-also february 6th graph-let us see if the second peak in April ( Brent 125-130 USD) is also timed correctly:



A Man without Qualities's picture

As mentioned elsewhere, the Japanese figures do not include any costs linked to the nuclear accident.... so add a large number.

Judge Judy Scheinlok's picture

Bullish Nikkei-sons are true Kamikaze. The floor should drop very soon.

goldenbuddha454's picture

You can be sure if the winds were blowing that radiation towards Shanghai the Chicoms would be fit-to-be-tied!  As it is though, the winds are blowing that crap towards the USA so they don't give a damn.  Actually, they're probably looking at us like "those Americans deserve all they get" cause we're never paying them back for the junk bonds we sold them.  Excuse me, I mean treasury bonds.

sangell's picture

Until Japan gets that power plant under control any estimate on what the costs or impact on GDP will be are worthless. I note the US 80km evacuation zone ends just as Sendai begins. If the contaminated zone goes to 100km then you've got a city of 1 million people that needs to be 'replaced'. Extend it south towards Tokyo and you have the end of the world as we have known it.

vxpatel's picture

Surprised this hasn't gotten more airtime on ZH!


"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point."


oogs66's picture

Sovx a few wider now 177.  Irish and Portuguese 10 year yields back to wides  9.9% and 7.5% respectively.  The HY market is getting a bit squishy.  No serious liquidation, but the bid side of market is flaky and small. 

The Axe's picture

If this market has proven to me ONE thing,,never fight a central bank when they create liquidity thru easy money policy.

goldenbuddha454's picture

If Tokyo gets thoroughly contaminated with the radioactive fallout, will it become like the Bikini Atolls where it will be uninhabitable for 100,000 years?

disabledvet's picture

obviously "this is not knowable." it get's to the heart of why in a NUCLEAR crisis it is LIES that you have to fear most.  Right now "this looks like Bhopal to me."

asteroids's picture

While QEII exists you can't short this market. Too dangerous. Wait in cash.