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Japanese Stocks End Morning 'Dead-Cat-Bounce' Session Near Lows
After getting within 40 points of the 20% correction level, the Nikkei 225 - aided by a 60 pip ramp in JPY - staged a solid 400 point rampapalooza off the pre-market lows. But... JGBs started to sell off in a hurry as equities surged and something had to be done. By the close of the morning session, TOPIX is back at its opening levels -1% from the close, Nikkei 225 -0.5% (down 250 from the earlier highs), JGBs are unchanged, and JPY is practically unchanged, Japanese corporate credit spreads are notably wider (worse).
and the Nikkei 225 bounced off the 20% correction in pre-open trading but is fading fast now...
Whocouldanode? Well, it seems credit markets did?
Charts: Bloomberg
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Fucking spooks
http://news.yahoo.com/blogs/ticket/us-govt-secretly-collecting-data-millions-verizon-users-013542225.html
I hear the same justifications that I heard in 2007...but we may be pricing for perfection.
Marc Faber: The Market is "Quite Vulnerable" Right Now
http://www.planbeconomics.com/2013/06/marc-faber-market-is-actually-quit...
Shits getting weirder and weider every day. Or it's getting closer and closer to the fan. I can't tell which...
Boaf.
Gold's too cheap for TSHTF, TSHTF won't happen while gold is so cheap
Disagree. Controlling the price of gold is REALLY about controlling the people's perceptions regarding how much monetary abuse the system can absorb before it collapses. Controlling the price of gold is REALLY communicating that government balance sheets are archaic, because money printing is like MAGIC, and it is also MORAL. This is what people now REALLY believe, whether it is a consciously or subconsciously held belief. Therefore, the price of gold no longer functions as a warning sign. It took very careful social and political engineering over decades to achieve this mass delusion, and achieved it they have. I would have never believed it possible until I woke up out of my gold-bug coma about 2-3 years ago, and accepted the truth that there will be no more world left to spend gold/silver in, once it goes parabolic. The "price" of gold and silver will now only go parabolic COINCIDENT with the collapse that is coming.
"the truth that there will be no more world left to spend gold/silver in"
I would rather have it than not have it. Your fiat currency will be more useless. At least you can trade gold along with food and alcohol. Suddenly people are going to realise that true wealth is a roof over their head, trustworthy close personal and communitee friends and food which they can readily harvest themselves. All material things, other than tools will be worthless. There is no other asset, apart from arsenal, that is a suitable store for wealth in times of chaos. Gold (provided you have your health) will be wealth. End of story.
Aw. Needs more cow bell.
Japan puts its pants on one leg at a time. Except when Japan puts its pants on, it prints gold records.
LMAO. Great title Tyler. I said It would retrace., ( SHORT GBP)
The h-4 zerolag MACD on usd/jpy suggests a bounce.. BITCHEZ
The Desperate need to repatriate cash to cover financial disasters suggested it would bounce Bitchez......
Even the Progressive taught students can see thru the math lies. / LOL
what the media would look like if it were all run by Buzzfeed.
was the nikkei 225 halted?
i dont know why, but for the last 15 minutes, im getting the same exact quote with no movement.
Traders in Tokyo are out drinking lunch. It'll open up (down) soon.
Closes for lunch
I predict a 400 point drop or a near even close....it's Friday need to see green...
Saw the same thing in silver trading. Somebody must have gone out for a smoke.
Going out for a smoke because of no movement?
/sarcoff
the opposite
Laughing My FUCKING ass of. When is the last time you saw a G-7 currency candle pounded down 300 pips with a +AAA rating?
The Australian $ is being pummeled, and the ponzi GBP is being proxied! I'm shorting the HELL out of gbp/aud!
Can I borrow your monkey and dart board ?
You can learn how to read risk. Irony Boy!
/es is creeping up. my bets a moonshot tomorrow. up 30, it is play-dough day right?
Maybe, but I feel like it will go below 1600 tomorrow.
If they cant hold it nose up with 5 large comming in then Houston we have a problem...
ZZZZZZZzzzzzzzzzzzz.....
Wake me up when JGB's fall and keep falling.
Wake me up when you have a sucessful prosecution!
Or banging 18 year old hookers, on the tax payers dime!
18's 18, yo. . .
Uh. . .
Just sayin'. . .
BigInJapan I was being kind.
Keep alert. The nearly 100% correlation between the Nikkei and the yen seems to be fading fast. Interesting things happen when the correlations fail.
But BUT BUT I just read in the news Michael Jacksons 15yo daughter wanted to kill herself bc she was not allowed to go to a Marilyn Manson Concert.
Q.Q
Nikkei is green. Bounce back day tomorrow. DOW 15000 here we come.
No, Nikkei was green, bozo.
1/10th of a penny more and the NE Ohio gas signs are going to start with a 4. You'll see cutbacks like never before. $4 gas at the start of June, it's over for whats left of the economy.
At least the exploding Fords are bullish for new car sales. Imagine if one catches fire at a gas station and blows a Sheets sky high. Good for at least $.40 in rbob.
If it were a TV show, I'd be laughing my ass off. Too bad it's real and I'm taking it up the ass.
We know what the G-20 conference was about. Lock the yen in a(98-102 range) and let the aussie devalue (93-parity range).
But can they control it? AUD support is resting on a flimsy house of cards. Do we get an undesireable repeat of '08 AUD action instead?
I'm shocked at ZH's insensitivity. Wouldn't "dead mammal bounce" be more politically correct, and not offend (nor scare) kittens everywhere? :)
It must be cats, because they have nine lives.
I thought it had more to do with the urban legend as to how the frisbee was invented (hint: feline rigor mortis). In any event, we parrots are quite pleased to discuss dead cats, even at this hour of the morning ...