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Rumor Nikkei To Remain Closed For Rest Of Week On "Margin Issues"
Copy/paste of what we got from a trading desk:
Mkt rumour nikkei to remain closed for the rest of week..margin issues.....some rumbling all afternoon, but as we head towards the end of European trading more people asking
More if we get it...
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What are the odds the DJIA will end green at the end of the day?
Seriously, right? Only down 1.6% now. What a crock of shit.
zero chance ....this is a real market, not a rigged one, don't you guys get it? ....has Bernanke been able to reflate the mortgages and MBS's on his own balance sheet?
In all seriousness, it appears we are probing the limits of the Fed to prop this turd up.
Could get a selloff to the 1100 area before all the margin calls are finally met. Then it's back to the printing presses.
i'm serious in that nobody has answered the question how does anyone believe the Fed or PPT drives up the very large Indexes if the Fed can't even prop up the MBS's on its own balance sheet? ...this myth only occurs while Indexes are going up. When they fall we then swap to another myth, that the Big Banks are shorting! The shadow pools and advance order computers are certainly manipulation and dirty dealing but driving up Indexes takes way too much money to do IMO ...wait for this drop to accelerate as i think it will and see what happens to this Fed/PPT myth
The Fed acknowledge manipulating the bond market, every CB around the world is manipulating their currencies, and you think it's a stretch to believe they manipulate equities as well?
I don't think they're always the culprit, but they don't need to be. Once HFT routines have been trained to "spot" the buy-at-330 pattern, armed with cheap money PROVIDED BY THE FED, they will start bidding up the market again, and again, and again.
But if the monetary policy actually resembled anything sane, they wouldn't have access to money this cheap, and the HFT boxes couldn't act as a proxy PPT.
As for the MBS'es, we still see widespread bankruptcies. Who exactly do you expect to eat the losses, but for the owners of the MBS'es?
could be because nobody wants to be in tokyo and trade ?
6.4 earthquake at the base of mt Fuji.
volcano eruption???? that would suck
I think I read somewhere that millions of people live near it, and that they projected if it ever erupted like it did in the past, it would literally kill millions (without proper warning ofc).
If that earthquake is sign of something to come (and I remember reading here that about 30 days after a similar incident, Mt. Fuji erupted)...Not good.
Zero.
Zero, huh?
Currently @ -136.
A business like CAT will get more orders with the impact of this crisis on Kamatsu.
The USA and Germany have most of the high end manufacturing plants other than Japan.
A few things every investor about Japan should know http://bit.ly/dOWfho
A few things every investor should know about Japan http://bit.ly/dOWfho
Seems like a reasonable action to allow the markets to settle and absorb the incoming information.
'Seems like a reasonable action to allow the markets to settle and absorb the incoming radiation.'
There, I fixed it.
:)
If Faber is right, that uncertainty could go on for even a couple of months, I wonder how long it might actually close for.....
And you know how much "markets" (meaning HFT algos at this point) hate uncertainty....right?
So Japan is Egypt?
No, but Bahrain is Serbia.
and Europes indexes not just Japans
is your avatar a rotor from a wankel?
More like lop off your wanker.
O/T: Radition network site for US 404, yet Japan is still up. Anyone else find this as well? Curious!
This just in from UBS Retail Research:
Overall, based on our current understanding of the situation in Japan,
we are inclined to stay the course regarding our recommended
tactical asset allocation positioning. We continue to recommend an
overweight position on global equities vs. bonds but stress the virtues
of purchasing downside protection at a currently still reasonable price.
While the VIX volatility index - a rough measure of the price of
downside protection - has picked up somewhat in recent days, it
still remains significantly below levels that would make downside
protection appear expensive.
We believe that valuations and the cyclical picture remain reasonably
supportive of equities for the time being, absent emergences of further
tail risks. We also believe that the fact that pressures in the oil
market appear to be receding somewhat is a positive sign. For the
S&P 500, we maintain our 12-month price target at 1350.
Translation from "Swiss German" to "Honesty":
"Remain in your seats here in the theatre. That smoky smell means nothing. Oh, and we're going to be outside if anyone has questions."
It's a disgusting industry, my friend.
Yes. Here's the thing that I think <might> happen, but isn't being discussed directly. We all know Japan has a borrowing/debt and demographics problem. I think this might be the trigger for a Japan bond default. Not right away, but over the course of the next few years. Revenues will be down. Costs will be up. Economic activity will be on hold for weeks, months, etc. This is the tipping point for them not being able to make their bond re-payments.
If the Japs are smart they will use this crisis to clean up their 20+ year old banking mess.
Heres an idea for downside protection : sell some of what you have. Vix Schmix.
First Egypt closed and now the Nikkei - have to be a fool to have money in stocks
Rosie said something to that effect @666
Did Rosie bang your sister?
The subject of the prior post having sex with the poster's relations is your comeback to every comment you can't understand.
Kiss me?
I guess he banged her in the butt.
Rosie was naive to think that the gov't wouldn't step in with $trillions to give to the primary dealers to synthetically prop the equity markets up...But obviously you saw that one coming.
Economist David Rosenberg and investor Marc Faber have wagered a bottle of scotch whiskey on whether U.S. 10-year Treasury yields can go lower than 2 percent:
Faber won that bet.
http://www.businessinsider.com/marc-faber-and-david-rosenberg-bet-a-bott...
Better to own a piece of a profitable company than FRN's or government debt. This is Martin Armstrongs thesis
Why are those the only choices? I think partial ownership in a company that is dedicated to enriching its executives, doctoring numbers through non-GAAP earnings, and then offshoring employment doesn't really suit my desires...
how will anyone BTFD?
And the Japanese wouldn't sell U.S. stocks or bonds to raise margin cash, right?
Buy the dip! I'm sure that nothing bad will happen ;-)
Geithner stated more or less exactly that (Japan do not need to sell treasuries) earlier today. I'm not fucking kidding.
As CD says, it's not a market, it's a crime scene.
http://seekingalpha.com/article/258322-why-is-the-yen-rallying
So that is what just tanked this little attempt at BTFD?
I see said the blind man.
Would this not indicate that meltdown is imminent?
It has already occurred in Units 1-3. Also, all four spent fuel pools are either lost or about to be.
No more aerial photos allowed. Why? Most likely, the containment of Unit 2 has followed its neighbors and has also blown sky high. If there had been a fire in the Unit 4 spent fuel pool, then its reactor building would probably also show the result.
All four units are in dire straits, the reactors and the spent fuel pools. The explosions have been attributed to hydrogen. That is the least likely explanation since hydrogen from damaged fuel is released to the primary containment, not the reactor building surrounding it. The explosions were of such magnitude that they were most likely caused by failed containments due to the inability to remove heat and reduce pressure. A less likely cause of the failed containments is that the fuel melted and breeched the reactor vessels causing steam explosions in the containment that they were never designed to withstand.
The authorities are hinting at the severity of the situation. Since only about 50-70 personnel have remained is very telling. All non-essential personnel are gone and it is most likely that the remaining few are volunteers who are trying desparately to mitigate a very bad situation. And, indeed, they are heroes, but their task is insurmountable.
If only there was a big pool of water, or a large pile of sand, or a nice thick set of steel domes nearby. Risk assessment is undoubtley running full throttle.
>> No more aerial photos allowed. Why?
They are afraid of two things most likely
1) photos will shot horrific damage to the reactors and possibly the containment vessels.
2) Cores are breached and pilots and passengers will take radiation if they overfly it.
#2? THAT is probably the more damning evidence. If your reporters come back glowing, you have a deep kimchee problem and there is no containing it.
Wouldn't the satellites from Google's Google Earth be able to pick up imagery of these reactors?
Uhhhhh... Google Earth isn't real-time. You do know that, right? Did you read a lot of William Gibson by chance?
Ag-no, kimchee is across the way ;-)
But reporters? did you pick up on Anderson Cooper's worry about glowing? First, he has the snot beat out of himself, then:
http://www.huffingtonpost.com/2011/03/14/anderson-cooper-in-japan-should...
- Ned
Hi CC, I was aware of the other three reactors going, but not Unit 2. However, I guess I was more referring to a "meltdown announcement" being imminent. Especially since the MSM is not reporting what is being reported here on ZH or Alex Jones.
is that Japanese nuclear plants or European stock markets?
Hmm... the coming weekend is going to be interesting. The big sigma events unfolding, somehow gives credence to the timewave zero theory by TM.
March 20 2011, is the day when the next leg down starts, not that I’m a follower/believer, but makes me wonder…..
Has the next downleg not begun already or does your illusory correlation depend on a specific date?
Price discovery is the new terrorism
It's all just several hundred years of theory. Where's your proof price discovery actually works? However we do know that POMO works every time.
So as Ben likes to say BTFD or you will be executed at dawn......bitch.
If POMO works it's because price discovery works. They're just trying manipulate reality by constantly moving the bar. If price discovery didn't work, the soviet union would still be around.
You are correct. I keep on forgetting sarcasm isn't recognized as sarcasm any more. This happens as we edge further and further into the Twilight Zone.
My bad. Oversensitive these days.
I am as well.
Wanna fight to relieve our frustrated impotence? The king would approve of the plebs fighting among themselves instead of storming the castle. :>)
a series of Japanese Govt errors has led to this ...the unforseen consequences (fall out) of political policies
Not to mention that Honshu moved a skoshi more than 2 meters. - Ned
The wrong banks and hedge funds got caught on the wrong side of the trade and thus they will need bailouts and accounting fraud to make the rich even richer.
In Japan, margin call closes exchange (rather than investor's position).
The good ole "American Way" rewards for speculators who do not assume risk liability and punishment for the prudent.
NO, NO, NO! Ben will stand there and bid for Japan!
no margin on silver and gold held on deposit in your sock drawer.
Sounds about right. The BOJ bought the dip, with the help of a megaphone idiot from the JP Morgue...pushed it up 500 from the low...now wants a quick close on the market.
However, this strategy will fail...and they will pay for this move dearly if they try to rig their market in this way. Could be why, already, dip buyers in the US are asking themselves...WTF am I doing?
Buy VXX.
Or CMG. It's up 0.60% so far today.
You have to understand that the long CMG crowd is a very special breed of stupid. My sense is...Chinese guys about three feet away from a baccarat table...with not enough English in them to understand what was said during the last CC...which was "our growth will be fucked for the next three quarters because we have no pricing power."
So...in case you are using them as a gauge...you should know who they are, anyway.
You're in rare form these days, Cdad. Whatever you're drinking, make it a double.
Thanks Helluva,
So how's about we short some fucking REITs?
Man, I'd love to. I'm out of dry powder. 60% short and somehow down today. My SLW got DESTROYED.
I hear you...I kept a little SLW too...although I had reduced. Soon, that is a dip we shall be buying.
Sellers just stepped in again. I don't think you will be finishing negative, brother. I think we go back to the morning low...or lower. Not enough hockey helmet wearing NYSE brokers got out this morning. Zero capitulation...and that ahead of "containment breach" is all you need to know for now...
Chin up.
If they are doing this to "calm" things it's a huge miscalculation.
The NK futures are well up today - ride it out - don't make people think they can't get their money out. Already the rumour alone is hurting markets.
What ever happened to trades settled at end of day or we liquidate you?
Only counts for small players. Big players get bailed out.
That's how the free market works, in case you should wonder. Geithner/Bernanke's free market, to be exact.
That was just in "Trading Places."
Oh, and "The Godfather."
Words of wisdom:
"Leave the gun. Take the cannoli."
Geithner said they are a rich country and will not sell USA treasuries to raise money....200% debt to GDP is a rich country to ole Timmy.....and we have margin calls.....going to get interesting...there is a trillion going down somewhere in the world this week me thinks....and its not at the Irish bars on Thursday..
+317
I wonder if it will ever reopen?
Things we have taken for granted can no longer be.
Also, when the Nikkei closes, watch for all hell to break loose elsewhere as the Japanese people MUST raise money to stay alive. I wouldn't be too surprised in their central bank did the same thing.
What about the CHF?
All time highs are about to smash Austrian banks.
and then Hungarian mortgages
Cheaper than the BOJ pumping in another few trillion of yen, I suppose
SPX
Update.
http://www.zerohedge.com/forum/99er-charts-0
the small coqs dont want to trade. they just want to hide in their little hoods again until this goes away
WHY would they do that?
STOCKS CAN GO DOWN 10% FOR THOUSANDS OF DAYS!
Because they are central planners.
As soon as the next batch of accurate information is allowed to be released about Daiichi, everything tanks.
Whether they allow that before or after 4 pm est I leave for others to speculate.
In the meantime, helicopters attemting to dump water on Daiichi (why they would do this is beyond my imagination) or cooling that is evaporating due to boil off will not be widely reported to the masses -
Coolant in fourth Fukushima reactor might be 'boiling away'
I think either way, this rally gets puked out....for one reason alone. Check the intraday chart of the Roach Motel [SPY]. See how little selling there actually was. There was some shit in the premarket...then an open and a moon shot with buyers taking it straight up.
Way more people need to sell this crap rally...and especially the Roach Motel [SPY].
Buy the freakin' VXX.
Long TZA calls. Russell will be a source of funds.
9/19/08 $175.31
11/20/08 $702.08
Its obviously hard to try and comprehend the other side of this argument (especially since your money is most likely on a market dip/crash) but mark my words, we're not going any lower barred any unforseen disasters from the nuclear plants.
This dip will be bought, and QEx will maintain the stupidity of the ever revolving liquidity trap which is the US stock market. I'd take my profits on your Vix's and such as we won't stay down here very long..
LOL! No chance of that happening...right? News has been so good on that front lately.
How wonderful will the fed statement be today???
BOJ behind EWJ buying?
Yes.
Perhaps they are closing the markets in order to confer with Bernanke on how to succesfully fix prices in a stock market. Faber was dead on when he said Ben things the S&P is the economy.
AS Tyler has pointed out before,Cairo,London now Tokyo,if the market looks like it is going to tank,just close it down and blame the computers
I can't understand why they didn't do it earlier.
NFLX up 7.7%. Amazing.
FFIV, CMG, and WFMI (Whole Foods) in the green too.
Yeah, thought that was cool too. CMG - the company who is not hedged against inflation, and whose number one ingredient is Rice.
Yet food coomdities are down accross the board.
ROFL....Did you see why nflx was up so big today? Goldman came out with a report highlighting their "strong" position in the video market. How fucking stupid are people. The giant squid issues a buy rating and they immidiatley send the stock up 7%. This country is hopeless.
..
Japan nuclear crisis eclipses Three Mile Island, nears 'Chernobyl League' ---Fifty workers and fire hoses are all that remain at Japan's Fukushima I plant to cool three hot reactors and six pools containing spent fuel rods – perhaps for months to come.I was on the phone last night when all this broke. As we were talking I jokingly said "we buy some nflx on this" ha ha ha we had a big laugh.
The market is down 4% to 5% in 4-5 days... Expect a little sideways action and maybe a quick "close the gap" from this mornings open... before turning lower again.
Anything can happen, of course, but longs have already WAY overstepped since the first ten minutes of the market. Many more of them have to liquidate ahead of the next rad reading out of Fukushima...as not enough of them sold the opening this morning...which is why JP Morgue put out the note ten minutes in that the bottom was in...which is exactly why the bottom is not in.
I know that they know that I know that you know....buy the freakin' VXX.
They should have never opened the Japanese market on Monday. Japan has suffered a catastrophic level disaster. That would have been a good enough reason to keep the market closed for a few days so people could assess the situation and trade in a more orderly fashion.
IF they close the market tomorrow it better be because of undue influence by the nations catastrophie and not because big banks and oligarchs have fucking margin calls, or because wall street has ordered them to shut it down because its affecting our fucking ponzi here.
I've cried and prayed for Japan's people....I will focus better now, for a moment I forgot about oligarchs. While Japan's 99.9% percent are rescued may the oligarchs somehow end up standing on the exposed core. Scumbag pricks.
You mean as they encourage the people from their fallout shelter.
Good comment.
Today I lit a candle for the Japanese victims.
May they rest in peace.
We all wish Japan and the Japanese to recover quickly from this major disaster,
although this will probably take a decade.
Oh oh...here comes the DTFC crowd.
where do you guys get this sht from? nky +6.5% in asia