Japan Stocks, US Futures Surge On Japan Market Open

Tyler Durden's picture




 

Update: rumor of Price Keeping Operation in Japan. If correct, this means that the BOJ's $70 billion per month injection is no longer sufficient, that the BOJ's credibility is being actively questioned - by far the biggest stigma for any central bank anywhere - and pass-through financial entities have to artificially prop up the market by buying ETFs in order to preserve the galloping rate of increase or else face a collapse such as that seen in the past several days.

* * *

The "catalysts" in the new normal have become so hilarious that losing money in the centrally-planned market can be simply viewed as the price of admission to witness the most entertaining circus spectacle in capital "markets" history. Behold: the 8pm open of Japanese trading.

Apparently, somehow, the fact that a market has reopened is not only news, but is massively sell the Yen news, at least by Mrs. Watanabe, and since every US algo is correlated to the USDJPY, this means a surge in the E-mini. But perhaps what those sneaky algos are discounting is that tomorrow is a Tuesday. And as every dart chasing monkey with an E-trade terminal knows: nobody ever loses money on Tuesdays betting on the Stalingrad & Propaganda 500 index any more.

USDJPY: note the momentum ignition at 8 pm, driven by the "news" that Japan is now, once more, and "shockingly", open.

And where the USDJPY goes, the ES is right behind.

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Mon, 05/27/2013 - 20:42 | 3602333 lolmao500
lolmao500's picture

Red by day's end?

Mon, 05/27/2013 - 20:45 | 3602341 CrashingDollars
CrashingDollars's picture

Red and dead

Mon, 05/27/2013 - 20:57 | 3602355 lolmao500
lolmao500's picture

Better dead than red. Problem is, we have become the reds.

Mon, 05/27/2013 - 21:19 | 3602410 CClarity
CClarity's picture

But is it still a "Tuesday" when it follows a Monday market holiday?  

We could have all that "correlation" vanish. Cuz it ain't really causation.  Algo humping, like that little poodle.

Mon, 05/27/2013 - 22:47 | 3602591 markmotive
markmotive's picture

Kyle Bass called it. He said Japan would be forced to QE even bigger.

http://www.planbeconomics.com/2013/05/kyle-bass-thinks-japan-will-expand...

Mon, 05/27/2013 - 22:54 | 3602614 prains
prains's picture

Ken  Lay was CEO of a criminal enterprise called ENRON and their crimes were aided and abetted by Anderson Accounting

Mon, 05/27/2013 - 23:15 | 3602649 malikai
malikai's picture

Just another setup closing, that's all.

The next leg down for the yen is probably on it's way now.

http://blog.quantsig.net/2013/05/28/japan/

Tue, 05/28/2013 - 04:44 | 3602932 jeff montanye
jeff montanye's picture

better known as arthur andersen, last major corporation convicted of a felony by the u.s. government?  google wasn't much help.

Mon, 05/27/2013 - 23:34 | 3602684 Cast Iron Skillet
Cast Iron Skillet's picture

well, if better dead than red, and you're red, then ...

Tue, 05/28/2013 - 04:40 | 3602931 mrdenis
mrdenis's picture


*Did you order the Code Red?*

 *You're Goddamn right I did!*.......

Mon, 05/27/2013 - 20:52 | 3602359 TraderTimm
TraderTimm's picture

THIS is what I mean when I talk of Tyler's pattern of jumping on any/all declines as "THE ONE". I'd love him to be right, but the goddamned thing just pops right back like nothing happened.

Mon, 05/27/2013 - 20:54 | 3602365 taraxias
taraxias's picture

Yeah, but remember , ZH is not an investment advice financial site.

/////sarc

Whatever happened to this once great site?

Mon, 05/27/2013 - 21:30 | 3602435 Uber Vandal
Uber Vandal's picture

You had amnesia and kept posting the same thing with different wording??

http://www.zerohedge.com/news/2013-04-27/italys-enrico-letta-announces-n...

Mon, 05/27/2013 - 22:14 | 3602515 forwardho
forwardho's picture

And so it seems... the biter is bitten.

Great recall by the way +100

Mon, 05/27/2013 - 23:21 | 3602661 BigInJapan
BigInJapan's picture

@taraxis

 

The liberals have taken root.

Mon, 05/27/2013 - 21:41 | 3602458 JeffB
JeffB's picture

FWIW I didn't get any "This is THE ONE" message out of this article.

Just pointing out yet another example of the absurdity of "the markets".

 

Mon, 05/27/2013 - 22:03 | 3602495 taraxias
taraxias's picture

You are right, not this article, just the 1,000 articles that preceded it following every time we see a 0.1 % down move in the markets.

The Tylers should stick to coomenting on the big picture because constantly trying to predict the "big down move" has caused people on here to lose money.............and I don't give a fuck that they claim they don't provide investment advice nor that the faithful on here claim they don't trade what they read on ZH.

I am a faithful by the way, just not when it comes to trading. I've learned my lesson the hard way.

Tue, 05/28/2013 - 02:58 | 3602858 Likstane
Likstane's picture

Tyler "caused" someone to lose money?  That guy is one powerful mother.

Tue, 05/28/2013 - 01:36 | 3602828 lakecity55
lakecity55's picture

"markets" or "marxists?"

Mon, 05/27/2013 - 21:29 | 3602437 Gringo Viejo
Gringo Viejo's picture

Even as free market advocates become increasingly disheartened by the size, scope and more frequent interventions by governments, it's apparant that they are weakening and gradually losing control of events.

Mon, 05/27/2013 - 22:45 | 3602581 Gidas19
Gidas19's picture

Red, green who gives a fck,... all i want to see is that damn deer in the dark with the eyes gloving... swan time bitchezzz...

Mon, 05/27/2013 - 20:46 | 3602336 buzzsaw99
buzzsaw99's picture

You see the signs, but you can't read

You're runnin' at a different speed

You heart beats, in double time

Another e-mini and you'll be fine,

A one track mind

You can't be saved

Oblivion is all you crave

If there's some left for you

You don't mind if you do

Ohh oohh

You like to think that you're immune to the stuff

It's closer to the truth to say you can't get enough

You know you're gonna have to face it

You're addicted to debt

http://www.youtube.com/watch?v=XcATvu5f9vE

Mon, 05/27/2013 - 20:44 | 3602337 CrashingDollars
CrashingDollars's picture

Moar!. . . ?

Mon, 05/27/2013 - 20:44 | 3602338 h0oS
h0oS's picture

Meh, its Tuesday no surprises, move along.

Mon, 05/27/2013 - 21:12 | 3602405 max2205
max2205's picture

Turnaround Tuesday.

Mon, 05/27/2013 - 20:44 | 3602339 CDNX fan
CDNX fan's picture

The second Tyler turns bullish, the move will be over.

Mon, 05/27/2013 - 20:48 | 3602351 stocktivity
stocktivity's picture

Until Benny stops printing, It's all Bullshit!  The Tylers missed one of the biggest bull markets in history.

Mon, 05/27/2013 - 20:57 | 3602366 buzzsaw99
buzzsaw99's picture

So lock up your daughter
Lock up your wife
Lock up your back door
And run for your life
The Bernak is back in town
So don't you mess me around...

Mon, 05/27/2013 - 20:56 | 3602367 noless
noless's picture

Excuse me sir; but like you, I'm trying to find my way out, could you kindly point me towards the nearest exit? Oh, there's just that one over there? And the door swings inwards you say? well what a bother. It's getting a bit smoky don't you think? More than just those candles can account for..

Mon, 05/27/2013 - 21:22 | 3602425 noless
noless's picture

although im not dissapointed i was hoping for either:

 

http://www.youtube.com/watch?v=pR30knJs4Xk

or

http://www.youtube.com/watch?v=vgSn0SbQJQI

 

good either way though

Mon, 05/27/2013 - 21:07 | 3602394 surf0766
surf0766's picture

A bull market usually isn't defined by a central banking printing several trillion dollars to prop up shitty economies.

Many assholes said the same thing in Feb 2000 only to watch the Microsoft antitrust lawsuit be announce and less than 7 days later the bottom fell out.

 

 

 

Mon, 05/27/2013 - 21:51 | 3602468 JeffB
JeffB's picture

Didn't ride the housing bubble all the way to the top either. How dumb was that.

 

Mon, 05/27/2013 - 20:45 | 3602342 Divine Wind
Divine Wind's picture

 

 

"the fact that a market has reopened is not only news"

 

LOL. Too funny.

Mon, 05/27/2013 - 20:46 | 3602345 thismarketisrigged
thismarketisrigged's picture

the futures are up because tomorrow is tuesday.

 

they need to spike futures so high, so in case of some horrible news, even a drop would still mean the market stays green, be it minimal even.

 

i still think japan finishes red tonight, but should not effect the u.s ponzi scheme.

 

i said it last week, since we are 19 for 19 on tuesdays, its gotten to the point where they are going to try to keep the market green every single tuesday now on so they can say they were perfect on the year.

 

 

Mon, 05/27/2013 - 21:06 | 3602390 noless
noless's picture

Look, it's a marks game, they drop in variables so you think you can beat the odds, once there are enough suckers they pull the rug, who knows, maybe tomorrow they keep it going, maybe not, but all streaks come to an end, better to at least collect some winnings instead of double down on a trend, but whatever, as always Ill be wrong, margin to the hilt and double(or moar!) your money, I'm sure the stragedy will never fail.  

if you've been playing the odds and are on top, with some to lose, then drop it on the table, but don't bet your kids future on it. Cause then you'r just desperate, and daddy needs a new pair of shoes.

Mon, 05/27/2013 - 23:26 | 3602673 BigInJapan
BigInJapan's picture

@thismarketisrigged

The "media"'s tone over here is seldom contradicted, and they sound overly cautious today.

My money is on a close in the red - though a last minute ramp to save face wouldn't surprise.


Mon, 05/27/2013 - 20:46 | 3602347 Stuart
Stuart's picture

Behold the power of central bank buying and all that printed money.  

Mon, 05/27/2013 - 20:47 | 3602348 sleepyguy007
sleepyguy007's picture

the chart for gold since 8pm is basically the opposite.  i love HFT bots

Mon, 05/27/2013 - 20:47 | 3602350 eigenvalue
eigenvalue's picture

And despite today's deadcat rebound, gold and silver have resumed their way to ZERO!

Mon, 05/27/2013 - 20:50 | 3602354 Bay of Pigs
Bay of Pigs's picture

You need to think a lot more and talk far less...

Mon, 05/27/2013 - 21:40 | 3602456 noless
noless's picture

his trolling is subpar. that is certain.

 

i sense that s/he got caught up in a mini mania and got burned, where his understanding was altered by visceral hatred from his previous standing of implicit trust in his own mental prowess and ability to discern reality(place adequate trust).

 

could be wrong, but don't let your emotions(sense of self, right and righteousness) get the better of you, that's all im seeing. because of the hard reversal in opinion.

but yeah, half assed troll falls off bench...

Mon, 05/27/2013 - 20:49 | 3602353 Rimon
Rimon's picture

There doesn't have to be a catalyst for a market to move.. Just the ebbs and flows of supply/demand.. just like there wasn't a catalyst for nikkei futures to get creamed in the European session today.. Lack of selling pressure alone is enough to lift the market

Mon, 05/27/2013 - 21:59 | 3602487 disabledvet
disabledvet's picture

more like "whispering death." no selling pressure is code for "Central Bank doing the buying for me." works until it doesn't...and when it doesn't "your credibility as a Central Bank is then shattered." we know for a fact that the Japanese Central Bank has been buying Japanese equities for some time now. this isn't about the Nikkei anymore...but JGB's and the Yen. move along....

Mon, 05/27/2013 - 20:51 | 3602358 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Looks like it's cooling off a bit in the first hour, PM's take the usual kick in the nuts.

Mon, 05/27/2013 - 21:39 | 3602454 Possible Impact
Mon, 05/27/2013 - 20:52 | 3602361 WTFUD
WTFUD's picture

little knowledge of markets, just enough to stay clear! can anyone tell me why on say asx we can have .25% increase on 60 million trades and say .75% increase in nikkei on 60 thousand traded shares? sorry if dumb question.

Mon, 05/27/2013 - 21:00 | 3602378 Rimon
Rimon's picture

That's because opening offers don't have to be anywhere near the closing levels of the previous session

Mon, 05/27/2013 - 20:57 | 3602371 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

now below closing.. "clear!"..

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