Yen Flash Smash Part Two

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Tue, 07/12/2011 - 17:21 | 1449534 HitTheFan
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This is bullish though right?

Tue, 07/12/2011 - 17:25 | 1449551 Dick Darlington
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Everything is.

Tue, 07/12/2011 - 17:28 | 1449552 TruthInSunshine
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This means Fukushima Daiichi has been successfully fixed with some Quikrete and some chicken wire.

Also, the Japanese National Debt was slashed from 214% of GDP to 213.999999999997% of GDP, pending revisions.

They are free to print another quadrillion yen now.


Tue, 07/12/2011 - 18:02 | 1449652 redpill
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Could be a result of revelations that Japanese across the entire country have been eating radioactive beef for months:


Or maybe that radioactive ash is being collected in Tokyo:


Or maybe that the Fukushima "Contaminated Water Filtration System" is on the brink of catastrophic failure which will eventually result in the poisoning of the ocean along the entire Japanese coastline.


OR it could be the revelation that the technology does not exist today to remove the melted fuel from the bottom of these reactors, and that long term entombment and continued poisoning of Japan is inevitable.


Tue, 07/12/2011 - 18:20 | 1449710 Fukushima Sam
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We're even getting a little of the action in peaches!

10:05 pm 10-minute INTERIOR average: 39.9 CPM
9:50 pm 10-minute EXTERIOR average: 45.6 CPM NORMAL
4:00 pm INTERIOR spot reading in Santa Monica market with approximate background of 39 CPM – Two peaches sustained 81 CPM and above or over two times background (208% of site background).
3:40 pm 10-minute INTERIOR average: 39.6 CPM
3:25 pm 10-minute EXTERIOR average: 47.0 CPM

Tue, 07/12/2011 - 18:11 | 1449681 SwingForce
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Down here in South Florida, at the Condo-minium we use Bubble Gum & Duct Tape, only thing holding this place together! Y'all oughta try it some time, ya' hea?

Tue, 07/12/2011 - 19:19 | 1449835 Charles Wilson
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I always knew that there had to have been a nuclear accident somewhere in South Florida sometime ago, probably when Schnellenberger took over the Miami Hurricanes Football team.

The above post proves it.



Tue, 07/12/2011 - 20:43 | 1450034 Jack Napier
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HAH!! People who live in vitrified houses shouldn't throw rocks, Jeb!

Tue, 07/12/2011 - 23:06 | 1450388 Charles Wilson
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Thanx, Jack -

Speaking of Jeb!, we're already getting a preview of the mud slinging to come. When Nancy "Her-eyes-seem-to-follow-you-everywhere" Pelosi was stunned the other day when Obama stated he would accept SocSec cuts ("But..That's our Strategy for the Election..."), I was reminded of (Put your right hand on your heart, get misty eyed and look to Heaven) Lawton Chiles and his race against Jeb! for the Senate a few years back.

A few days before the election, Saint Lawton hired a phone bank to call all the SocSec Seniors and tell them, "Thay's gon slyce yer Soshul Secur'ty!!!"  The tactic (by concensus) worked. After the election, Saint Lawton apologized - sorta' - and did another term in the Senate. Just a little ofal soiled Saint Lawton's pant leg.

Meanwhile, George W., the younger, was running against Anne Richards (I believe) and was supposed to lose. So: Jeb! was supposed to win and springboard to the Presidency and lost, GW won and became the President.

Mission Accomplished!




PS: This election that's coming may be one of the lowest, smarmiest mud slinging elections in history.  There are pigs alive today who would not lie in the filth that's coming.


Tue, 07/12/2011 - 17:26 | 1449556 Tidewater
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Yeah, I wonder who let the new guy near the keyboard.

Tue, 07/12/2011 - 19:04 | 1449810 francis_sawyer
francis_sawyer's picture

was it Waddell, or Reed?

Tue, 07/12/2011 - 17:38 | 1449587 Long-John-Silver
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This is great for Japanese exports as long as no one checks the products for radiation.

Tue, 07/12/2011 - 17:44 | 1449604 sdmjake
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Tue, 07/12/2011 - 18:23 | 1449722 ihedgemyhedges
ihedgemyhedges's picture

Just like your avatar............

Tue, 07/12/2011 - 18:35 | 1449750 fuu
fuu's picture

gravity is a harsh mistress

Tue, 07/12/2011 - 18:41 | 1449766 SWRichmond
SWRichmond's picture

Dude, you said a mouthful...oh, wait...

Tue, 07/12/2011 - 18:10 | 1449680 camoes
camoes's picture

Efficient markets, bitchez

Tue, 07/12/2011 - 17:22 | 1449536 Caviar Emptor
Caviar Emptor's picture

Flash Crash! What a feeling......

Tue, 07/12/2011 - 17:49 | 1449615 NotApplicable
NotApplicable's picture

Damn you for putting that song in my head!

Tue, 07/12/2011 - 17:53 | 1449630 Caviar Emptor
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Tue, 07/12/2011 - 17:24 | 1449538 The Count
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HFT is the crystal meth of the markets. Won't stop until the consumer bites the bullet. Don't expect our 'regulators' to end the shenanigans, they are on the take.


Tue, 07/12/2011 - 19:24 | 1449847 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Jim Carey crystal meth tribute:

Tue, 07/12/2011 - 17:26 | 1449555 steveo
steveo's picture

Check GBP also


This is what I call the "False Flag Break".   A deceptive move of the markets, scaring the longs out of their position before continuing upward.   The PTB HBB crew does everything they can to rack the retail over the coals.   And they collude through direct phone conversation, pit talk, and complicity of quant programs.   Fair? No.  Legal, No?    The way it is?  Yes.


I remain long GBP

Remember this is expiry week, more fireworks tomorrow and usually a slow down of volatility into Thurs Fri


Tue, 07/12/2011 - 17:28 | 1449559 FranSix
FranSix's picture

When the ¥ flash crashes, ppl listen.

Tue, 07/12/2011 - 17:49 | 1449616 TruthInSunshine
Tue, 07/12/2011 - 18:01 | 1449565 Cojones
Cojones's picture

Take Profit hunting. 

Tue, 07/12/2011 - 17:29 | 1449568 fxpert
fxpert's picture

I had a small position before this crash and now gobbled up some more. 

Tue, 07/12/2011 - 17:30 | 1449571 mynhair
mynhair's picture

Carry trade moving again?

Tue, 07/12/2011 - 17:38 | 1449576 oldmanagain
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Not too big on conspiracy theories unless it was Bush/Cheney.  But why aren't we doing more to confront the lack of regulation that occurred under them and Clinton.  So far we are batting about .165.

Tue, 07/12/2011 - 20:50 | 1450049 Jack Napier
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If you want to talk about lack of regulation ask Ted Butler. Political parties may change, but policies do not. If you see someone on TV you can be certain they don't make any decisions. It defeats the purpose of being in control if you are on the hook with the public.

Tue, 07/12/2011 - 17:35 | 1449579 DollarDive
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It takes a bald headed bankster to get a dirty job done !

Tue, 07/12/2011 - 22:58 | 1450381 Ned Zeppelin
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Yeah where is that traitorous leech Hank Paulson when you need him? 

Tue, 07/12/2011 - 17:35 | 1449580 a_ext
a_ext's picture

Where's the duct tape?


Tue, 07/12/2011 - 17:40 | 1449590 Long-John-Silver
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It's sitting on the shelf with the bailing wire.

Tue, 07/12/2011 - 17:52 | 1449624 TruthInSunshine
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And next to that 860 million dollar batch of H1N1 'Avian Flu' Immunizations, that don't work, bought from Gilead Science (Rumsfeld used to be their CEO...huh).

Tue, 07/12/2011 - 19:54 | 1449912 knukles
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And them scanner thingymebobs in the airports that Chertnoff sold.

Tue, 07/12/2011 - 19:59 | 1449916 knukles
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And finding that $3.2 trillion gone "missing" at the Pentagon?  (Lotta corners that coulda disappeared into.)

Tue, 07/12/2011 - 22:48 | 1450358 delacroix
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Tue, 07/12/2011 - 23:28 | 1450433 TruthInSunshine
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What's a trillion or so difference between criminal friends.

Silverstein had...what...8 separate policies of insurance on WTC 1 and 2?

And whatever did happen to the somewhat important CIA, DoD, IRS and other government records 'lost' on that day?

I know...I know...crazy talk.

Tue, 07/12/2011 - 17:57 | 1449637 mynhair
mynhair's picture

Why?  Are you on a plane?

Tue, 07/12/2011 - 18:26 | 1449726 augie
augie's picture

I'm sorry,

was that a conkers bad fur day reference? because if it was, that is the most obscure reference i have ever come across. If i am mistaken, i apologize for my insanity.

Tue, 07/12/2011 - 17:35 | 1449581 Sutton
Sutton's picture

Something wrong, something not quite right.

Tue, 07/12/2011 - 18:05 | 1449659 mick_richfield
mick_richfield's picture

You don't know what it is, but it's there -- like a splinter in your mind.

Tue, 07/12/2011 - 20:00 | 1449933 knukles
knukles's picture

What's the topic?  I forget.

Tue, 07/12/2011 - 21:01 | 1450078 Jack Napier
Jack Napier's picture

Hacking, techno, white rabbits, red pills, batteries, Skynet.

Tue, 07/12/2011 - 21:06 | 1450092 knukles
knukles's picture

Oh wow.

Like, uh       I was   uh    getting lost   there.
Thanks.... .  . .    . .   .  . .. .   .  .      . .  .     .

Tue, 07/12/2011 - 17:42 | 1449596 DollarDive
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Banksters need to give sheeple the illusion that markets are really not coming unglued.  They need to show that AUD, NZD - risk based currencies are not crashing.  By killing the USD, it seems that AUD/USD and NZD/USD are moving higher.  We just lose more purchasing power here in the good ole USA.

Tue, 07/12/2011 - 18:29 | 1449713 alexanderstollznow
alexanderstollznow's picture

US$ index is at its highest level since April, and AUD is dead middle of the range for the last 4 months.  what is more, you need to have less purchasing power in the USA - the trade deficit blew out 15% last month, and the economy is rooted.  so a weaker currency is required to foster exports, curb imports, and encourage foreigners with cash to buy your assets.  that is why we have floating currencies, remember? 

Tue, 07/12/2011 - 17:44 | 1449600 alexanderstollznow
alexanderstollznow's picture

god, here we go again...

this is exactly the same circumstances as the 'last' such move:  it has occurred a few minutes after interbank close in NY.  ie when there is minimum liquidity in the fx market.  it doesnt mean anything, and it isnt a problem for anyone unless of course they sell out a long position at the low.  as it was only down there for a few minutes, i daresay that did not happen, and JPY is almost back where it started.  talk it up!

Tue, 07/12/2011 - 17:44 | 1449601 swissinv
swissinv's picture

FX markets are hard to manipulate, how the fuck they always bring it down?

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