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BTFDers Unsure As Nikkei Bear Market Countdown Resumes
With the Nikkei 225 trading back under 13,000 once again, the countdown to the 12,815 level is back on and the pronouncement of the Japanese bear market. Bad was not good this morning acoss risk assets in general as the BTFDers were unsure if their man in the big house is really gonna keep pumping. Treasuries are modestly bid (2-3bps) as US stocks crack back below recent lows near a one-month low in the S&P 500. Carry drivers are getting pummeled as AUD is sold and JPY is bid. European markets are bleeding (equities worse than sovereign bonds for now).
Carry-driven excitement fading...
and credit leading us lower...
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It's odd to see the nikkei reacting like this so far into the recovery,
Thanks Fonz. Just spilled my coffee.
CLEANUP...
awww, the thin red line
Waiting for the day when it's the thin GOLD line.
That's one toke over the line sweet Jesus, one toke over the line.
Do I hear the Obama Choom wagon express coming?
What ever happened to the timed statement by some Fed cohort or some other flunky to reverse a down day? Not a good sign.
Perfect...more mess = more spending = bigger recovery! Now if Crazy Kim would just Nuke us already we would be thriving!
After Krudman read that he shot his load for the week.
Bullish for job creation...what we need are more coffee spilling jokes. Maybe we should write our congress person.
Chartists see a perfectly normal consolidation sell-off until 1600 until Q2 career risk takes over to push for the EOM window-dressed statements. Have some large POMOs to help with any Japan fall-out along the way, hiopefully.
Just BTFD! You can sell all of your mining shares and phyz to me so you can BTFD!
I've got some sweet looking gold plated tungsten available.
Perfectly normal.
http://www.youtube.com/watch?v=2sVdXg0aYYw
You are on a roll today Fonz
BTFD ! Please. Somebody has to pay for my short contracts.
It's coming you can feel it!
It is going to take a metric ass ton of printed Yen to push that snowball back up that hill.
pods
Now if only the Bernake were Japanese.
"It is going to take a metric ass ton of printed Yen to push that snowball back up that hill."
It'd be easier to roll that snowball through the corridors of hell. You know, overseen by the ChairSatan, of course.
Transitory....Remain Calm...
Japan is a ticking time bomb.
We know that.....how long is the fuse is what I want to know.
Hmmm which one to sacrifice? JGBs or the equity market....JGBs or the equity market...be responsible for Japan's crash or the equity market. The choice seems clear to me.
That is a great comment Doc. Let's extrapolate that out. If we assume they actually have the choice, then yes they choose JGB's and sacrafice stocks. That sends their economy into the crapper and ultimately pushes them towards door number 2 which is hard default. Both roads lead to hyperinflation.
Default of the entire western world (Japan being a vassal of the U.S) is inevitable. It's just a matter of who goes first.
Japanese Default would destroy all TBTF banks. That would be wonderful if you ask me.
Hey, come on, now--catching falling knives helps aerate the skin! It's ALL good!
I heard catching falling knives is suddenly all the rage with lower Manhattan socialite billionaires as an awesome exfolliant.
I am probably wrong, but I just bought more VIXY. Maybe I am reading ZH too much LOL.
Ben will keep pumping, he has no other option. And LIESman will keep swallowing
"Ben will keep pumping, he has no other option. And LIESman will keep swallowing"
Yea, and once he starts choking too much he can turn around then and be back-filled. No worries...
As Chief Dan George said- 'If it's so good, then YOU B.T.F.D.!'
Bernanke and BlankFeind buy the F'n dip. I'm going fishing.
One huge pump and dump. Deteriorating economic conditions globally while the pumpers flap their gums.
Just a matter of time. No wonder the smart money already sold.
Sira Nora....
I'd like to see 1600/15000 challenged today. It will put me in a good mood for beer league softball this evening.
one of two down. But like a horse race. . .being ahead too early often ends in tears.
CTFK
LOD
LOD
LOD
Die SPY die; you utmost piece of bloated manipulated syphilitic filth.
This reminds me of the 'Kill Bill' movie where Oren is told she's a dirty American Whore and zips down the conference table to behead one of her minions and blood sprays from the headless torso... and calmly replies 'Now please allow me to have your attention..'
i am loving every second of this.
they are trying to weaken the yen, yet the yen of late has actually strengthened vs the dollar.
also, for the 1st time in forever, i actually feel we are at the beginning stages of the epic global crash, including the u.s
u can just tell how weak the rallys we have had of late are, and bernanke seems powerless now. its going to be epic and i cant fucking wait.
hopefully the end game is all the big banks and other companies that went under back in 08-09 go under again, and this time they are actually not bailed out and the leaders and bankers are jailed for life.
What would Gordon Gecko-san do? ;-)
Saw 'Wall Street' last night, after ~ 30 years, and saw it with different eyes. SEC doing its job? Gecko 'doing time'? ROTF, LMFAO. His tricks are SOP these days. Need to have the Fed, SEC, and DOJ/WH on your side, and play "real men speculation", play real Hungry Games. /s
At least we can be certain that since it is not working the Central Bankers are going to be doing a lot more of it.
The kitchen sink the one guy said, The pipes attached to the kitchen sink. The water lines, The aquaducts. The hydro-electric dams, The rivers The mountains, the oceans. the sky all reality everywhere until they get this one right the battle between God and the Devil (existence against non-existence) will not be resolved. Bank on it while you have the chance. BTFD Bitchez.
Maria Bartiromo, where are you? We need you and your BTFD mentality! SAVE US!
Ben's gonna buy the Nikkei and some JGB's. It will all be good.
The new mantra is "Sell the f---ing RIP!" (STFR) as opposed to BTFD. The landscape has now changed and the primary trend that arrived in 2,000 is resuming its dominance. Buy the VIX for a move to 50 by July 15th.
Ben... Ben... Step back from the ledge now Ben...
VIX around 7%