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CME Hikes Nikkei-Associated Margins By 33%
Two years ago it was only gold and silver that saw the CME's wrath on a daily, and sometimes hourly basis. Back then, however, it was due to soaring prices. Today, it is due to the bone-crushing price collapse in the Nikkei which has just seen the CME hike most Nikkei-related outright futures margins by 33%. So not only will those who resume trading Nikkei-related products in the futures market see a big loss in their P&Ls, they will also have to post some 33% more margin. We can only hope they still have some collateral and aren't margined up 100%. That would not be good for the Japanese pennystockmarket and "experiment" no matter how much good luck Jens Weidmann wishes them.
Source: CME
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Muppets getting fleeced.
just sell your gold and silver to cover collateral requirements. problem solved.
Paper gold and silver you mean. That crap is naught good save for toilet paper.
That's sure to help liquidity and orderly markets.
Yeah, really at both ends. The trade up to this point has been short JGB's long Nikkei. If short JGB's isn't working hard enough to contain Nikkei losses, the unwind is going to be brutal. This thing is kind of already going off the rails, if the China copper situation thing gets some legs, black swan bitches (there are some TBTF's tied up in both of these fiascos).
Ha ha ha ! We flucked up, velly good ! Ha ha ha !!!
That's just fine because as Maria Bartiromo has FIRMLY ESTABLISHED...it's a "buy on the dip mentality." Buy on the dip mentality.
Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality. Buy on the dip mentality.
Do you hear that Mrs. Wannabe?
Yes (of course my "dip" is now 600 on the S&P, perhaps she should take her top off and be more specific).
Why does that give me flashbacks from "There's something about Mary"
Tight little package, affirmative, drops binoculars...
So you said to sell the rip. got it.
If you playback Maria saying "buy the dip" in reverse, she says, "my sweet satan".
Buy on the dip mentality.
/chuckle
"Pity you"
Japan open for trading Monday (Sunday night)?
Depending on what happens tonight could be an interesting day Monday with no US trading happening.
Hell, tomorrow will be a hoot.
Buy on the dip mentality.
You're gonna milk that one for awhile huh? Haha...
buy-on-the-dip-mentality
It could be. Just moar interested in seeing what happens when US markets and the NY Fed is closed for trading.
Japanese CB has been prepping all night/day for the JGB Friday session. Wonder how much they have to swallow on the open.
Sunday night BOJ to announce that QE has been enlarged (doubled???) to allow them to control JGB selling (push yields to pre-QE announced levels). They can't allow the sellers to overwhelm their buying efforts. $3.5 billion / day not nearly enough in a now motivated $10T JGB market.
It (the beginning of the end) is fucking on...Yen is going down in a hyperinflationary blaze of glory.
Buy on the dip mentality.
30% CME hikes are always good for price stabeelitay. Luckily for the Japs, I don't think CME has a monopoly on trading there.
The CME board must have massive short positions on the Nikkei.
Buy on the dip mentality.
Giggling like a schoolgirl here. Too fucking absurd for words.
Buy on the dip mentality.
Cash-n-carry, bitchez!
This pic describes history http://imgur.com/yrMzXwV.jpg
IMNSHO There's no love lost for those over-levered margin-financiers
They are shaking the Japanese Maple Tree
all i know is s&p, dow, and nasdaq will be green tomorrow.
does not matter if nikkei fell 2000 tonight. its all bullish
Looks like they learned their lesson. You can push gold and silver to 100% margins, and it won't stop the advance. But you can jack up the margins for literally everything else and do some nudging with strategic shorts to crash that price over and over again regardless of actual physical demand.
Maria has been buying the dip alright.....and chips and salsa......and ice cream......and chocolate......and twinkies...oh my.
quit the margin crap and make everybody put up full amount and 10% to boot.