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Mrs Watanabe Is Back And Now Has Record Margin

Tyler Durden's picture




 

It is now clear that Abe and his pals are all-in on the reflation strategy - albeit scorned in their unilateralism by the G-7. Stocks (and oil prices) have surged as the JPY plunged - but things are getting even more critical in the land of the rising sun. The retail investor is all-in too; individual investors’ share (cash transactions only) has risen sharply to 34% - the highest level since June 2009; the combined trading value of the seven major internet brokerages expanding 86% MoM to ¥19.5tn in January, marking the highest level since April 2006; and aggregate margin trading at the seven online brokerage firms has doubled from ¥7.3tn in December 2012 to ¥14.3tn in January 2013. Retail, according to Goldman, tend to focus on low price, small cap stocks - as if the markets' relative beta was not enough. If the BoJ was hoping for a M.A.D. situation - it appears they have it as retail is now fully (and levered) exposed to Abe's endgame (let's just hope energy costs don't crush that dream).

Retail trading volume is its highest since 2009...

 

as, thanks to considerably easier margin rule changes in January, margin transactions have almost doubled MoM...

 

Charts: Goldman Sachs

 

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Tue, 02/12/2013 - 13:47 | 3237103 Just Ice
Just Ice's picture

"...let's just hope energy costs don't crush that dream"

oh, let's hope they do...just like the high cost of energy, among other things, is crushing working folks dreams (or at least their pocketbooks)

Purchasing power of the people funnelled off to reward the well off in terms of stockholders and commodity speculators who have been driving costs, especially energy, up.  Redistribution from poor and middle class to the wealthy.

Tue, 02/12/2013 - 14:01 | 3237145 The Juggernaut
The Juggernaut's picture

Its time to sell.

Tue, 02/12/2013 - 14:08 | 3237170 Mark Carney
Mark Carney's picture

well, its that time.

 

Here is the latest Front Page for Macleans

 

"Running of the bulls

Why some experts believe this is the start of a once-in-a-generation boom"

http://www2.macleans.ca/2013/02/12/running-of-the-bulls/

 

Tue, 02/12/2013 - 16:27 | 3237678 CPL
CPL's picture

It's time to run.  That's an insane multiplier and an insane amount of risk on credit.

Glad I'm done with it.  Tempted a couple times this year, but I'm out.  People aren't even playing with their own money any more.

Tue, 02/12/2013 - 13:47 | 3237104 ZippyBananaPants
ZippyBananaPants's picture

They are so stupid on CNBC, idiot chick said Kate Upton only one to be on cover two years in a row.. Such idiots on even the easy news to report.

 

Upton joins the ranks of supermodel Tyra Banks, who in 1996 and 1997 graced back-to-back Swimsuit Issue covers

Thu, 02/14/2013 - 00:10 | 3242107 matrix2012
matrix2012's picture

Hmmm, the chick, Kate Upton, just looks nice from certain angle... :-)

in fact Greece has many more much hotter chicks, in particular the northern Greece has plenty of great looking Slavics (but not the southern parts such as Crete, Cyprus) ... Greece may go bankrupt as a nation but its girls are pretty hot, highly demanded in Europe... take a look at this, this, and this

Tue, 02/12/2013 - 13:47 | 3237107 Timmay
Timmay's picture

Let it ride! Everyone knows the comet will hit Fukushima on the 15th.....

Tue, 02/12/2013 - 13:48 | 3237109 Black Markets
Black Markets's picture

Wow, let's get some of that over here.

I would live to front run a wave of retail investors piling into speculative penny stocks.

Tue, 02/12/2013 - 14:31 | 3237262 r3phl0x
r3phl0x's picture

Bitcoin is reasonably close to what you seek.

Tue, 02/12/2013 - 13:49 | 3237113 notadouche
notadouche's picture

If you are looking for reasons to buy instead of sell you have to one stupid SOB.  Can you imagine that you've been out of the market since 2008 or whatever and your just now looking and saying hey this looks like a good buy with the caveat of "in the long run"  Oh boy if you lose it now you deserve what you get and can't blame anyone else.   Let's see I could've bought a car 20k cheaper 2 years ago but didn't think it was prudent but now that I have to pay up it's a bargain.  Really?

Tue, 02/12/2013 - 13:51 | 3237115 Hughing
Hughing's picture

BULLISH!

 

Tue, 02/12/2013 - 13:54 | 3237121 thismarketisrigged
thismarketisrigged's picture

look how sickening this is.

 

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.. Citigroup: $2.5 trillion ($2,500,000,000,000) Morgan Stanley: $2.04 trillion ($2,040,000,000,000) Merrill Lynch: $1.949 trillion ($1,949,000,000,000) Bank of America: $1.344 trillion ($1,344,000,000,000) Barclays PLC (United Kingdom): $868 billion ($868,000,000,000) Bear Sterns: $853 billion ($853,000,000,000) Goldman Sachs: $814 billion ($814,000,000,000) Royal Bank of Scotland (UK): $541 billion ($541,000,000,000) JP Morgan Chase: $391 billion ($391,000,000,000) Deutsche Bank (Germany): $354 billion ($354,000,000,000) UBS (Switzerland): $287 billion ($287,000,000,000) Credit Suisse (Switzerland): $262 billion ($262 saw this on a cnbc comment section. how sickening is this. but ya. the financials must be doing well bc the economy is getting better, nothing to do with this,  lol. fuck all of these wall st ppl, bernanke, and obama, pieces of shits

Tue, 02/12/2013 - 14:01 | 3237141 Michelle
Michelle's picture

Speculation = Nightmarish outcomes.

Tue, 02/12/2013 - 14:09 | 3237178 Nobody For President
Nobody For President's picture

Looking at those two charts and trying to figure out how this is going to end well for Japan and the Japanese people makes my head hurt.

I'm just not smart enough to figure out those inscrutable Japanese financiers.

Tue, 02/12/2013 - 14:15 | 3237195 Dr. Engali
Dr. Engali's picture

They were  promised them a 14% return on the nikkei. Why not lever up? Sure food and energy will double, but hey the Nikkei will be at 13,000. I only wish the Bernank would tell us his year end target for the S&P.

Tue, 02/12/2013 - 14:30 | 3237254 thismarketisrigged
thismarketisrigged's picture

there is no specific target. these criminals will prob try and push it to 4000 by years end. why not, its all fake anyway,might as well try and make it look good.

 

boy do i hate these fucking bastards with such a strong passion

Tue, 02/12/2013 - 14:22 | 3237221 bnbdnb
bnbdnb's picture

Blow off.

Tue, 02/12/2013 - 14:23 | 3237225 youngman
youngman's picture

Its been to 15,000 before....then they really thought they were wealthy and bought up the USA......this is just way to fast....a country cannot adapt that fast....and it will only anger their competitors...its the frog in the hot water thing.....

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