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Nikkei 225 Down 7.3% - What Happened - 23/05/13
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And I thought it was something we said.
Not our fault.....we've done nothing wrong.
Having said that....on advise of counsel we won't be taking any questions.
I warned them not to look down
The adventures of Nikkei E. Coyote and the ACME rocket-propelled printing press as he tries to capture the illusive Front Runner!
Please do not disturb.
Central Planning Fail in progress.
Imagine a large room (Japanese equities) with a single door (the Tokyo Stock Exchange), through which a small number of people (investors) trickles in every day in an orderly fashion. After 8 months all of the investors in the room suddenly and simultaneously perceive a reason to exit the room, and when that happens the single door through which they came in simply isn't big enough to accommodate all of them in an orderly fashion.
In other words – in terms of market liquidity, the Japanese equity market simply is not deep enough to handle outflows on that scale.
http://nipponmarketblog.wordpress.com/
Japan is treated like a "hot money" emerging market play. And why shouldn't it? The only economic narrative we hear is how the magic Keynesian Kimono will save Japan.
Meanwhile there are people serously talking about how to carve Sony up.
Yeah, if the tough ones get going, the going gets tough, or likewise ...
DIP!
I am headed straight back down the LCS. Only purchased yesterday...
Pump up da volume...
Pump up da volume...
Pump up da volume...lol.
Their yields finished lower and their currency ended up strengthening? Is that right?
"We're gonna need a bigger helicopter"
~ Roy Schider
Yeah, big surprise seeing the Fed now caught between a rock and a hard place with QE same as Japan with bond yields moving higher on one side if they keep it going and the economy set to implode on the other if they don't. Damned if they do. Damned if they don't.
FIRE sale.
Wait, wait, where is everyone going?
what do you mean what happened...?
Can you see how Abenomics has moved that index in the last month.
So...do trees grow on forever on toxic manure?
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the bernank will buy as many us equities as it takes to keep the greasy maggots happy.
Hey don't be so hard on maggots. They serve a purpose, without them we would be hip deep in carcasses.
And shit.
I guess that abenomics carry some risks with it. Maybe it wasn't such a good idea to drive the USD/Yen from 80 to 103 after all.
Imagine the power to control the markets movement any way you desire. And to alert your cronies ahead of time before large moves take place. Imagine the vast quantities of fiat profits you could obtain and then use that funny money to buy real assets like the ones the people who control the markets say to avoid at all costs. Just imagine
Well, this can't be that significant because most US MSM didn't bother to mention it. Hell, it didn't even make the front page of Bloomberg's site. Nothing to see here, move along, move along.....
increase printing press speed ....more speed more toilet papers
Paging Godzilla, Abe to Godzilla, Diversion Needed, Over & Out!
Bottoms up!.....
If you say so ... okay: http://www.youtube.com/watch?v=XNE6BfEJZQs
Yen Cross is probably making a killing .... he'll be spending more time at his coconut plantation in Australia .... he trained his Koalas to pick and drop the coconuts .... and he pays them with a few fiat Eucalyptus leaves .... his Kangaroos gather the coconuts and hop them over to the pond .... the Duck Billed Platypus and aligator pond .... no bruised fruit .... no stolen fruit .... some guys know how to live .... who needs slaves .... when you got so much talent from the Animal Kingdom ?
So, this is the end result of Japanese "shock and awe" plan eh? This is exactly what the Krugman said should be done. Now, look at it. I hope they send out Ninja squads.