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Monkeyhammered Nikkei Plummets 6% On Risk Exodus
There's blood in the streets - Where's Warren? Levered carry traders are rapidly realizing large crowds and small doors don't mix, even though if they liked the Nikkei at 16,000 they should love it at 12,700. It appears only physical gold traders are those who actually dollar cost average lower, when assets are more affordable. Either way, in Japan:
- JAPAN'S NIKKEI 225 FALLS 20% FROM MAY 22 HIGH
- JAPAN'S TOPIX INDEX FALLS AS MUCH AS 5.1%
- NIKKEI 225 FALLS 6%, EXTENDING LOSSES
S&P Futures are below 1,600
and JGBs...
China is getting slammed...
Or visually:
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Fuck Obama
Looks like a dead cat bounce in the nikkei
Or BOJ/FED intervention... remember if Japan goes down, the whole world goes down. They can't allow that to happen.
But its going to heppen. It must happen.
When do we get to have that sort of action in the SPY, DIA, IWM, QQQ? Come on, let's get this show on the road already!
It's just a flesh wound...
Its like my flesh wand you mean after viagra
no; actually not. it's going down, not up. no need to see a doctor. maybe a portfolio manager.
Stock Market Crash?: Dow reverses from 15000 mark...
http://thespiritoftruth.blogspot.com/2013/06/stock-market-crash-dow-reve...
Looks like Doug Kass got his call right: http://www.planbeconomics.com/2013/06/kass-market-is-headed-much-lower.html
Profits may be turning and growth potentially turning. This uncertainty means the summer could be rough for the markets.
Time to listen to DAS OMEN! HINDENBURG OMEN!
E Nomine - Das Omen im Kreis des Bösenhttp://www.youtube.com/watch?v=VRpteZVXKNo
When do you guys sleep?
After the market closes and before the futures opens. :P
Stay the course Goldman muppets! It's not a loss if you don't sell.
It’s all just paper..
But tell me..how many smegmas is 600 basis points in the Fuku exchange?
And in which time zone?
RBS GETTIN' OUT OF DERIVATIVES!
NOW IT GETS UGLY!
4am est.
Here is the link.
http://www.guardian.co.uk/business/2013/jun/13/rbs-shares-fall-stephen-hester-resignation-job-cuts
Gold was prelude!! Remember mid-April!! Time for equities now to undergo pain. Buying more gold. Fuck currencies
R.I.P !!!! http://tinyurl.com/lq63ahd
2008 all over again.
jeff you have to admit its been like this for awhile...... http://www.delawareonline.com/article/20130612/NEWS01/306120037/Eight-mo...
Nikkei in 1989 = 40,000
Consider the fact that that level was in NOMINAL terms (so, it's conservative to state the Nikkei has fallen by 95%+ in real terms, unless someone can show me how the "deflation" Japan has purportedly suffered as claimed by the Krugmans of this world has resulted in model year 2013 Toyotas selling for 9000 USD).
This is what their FUBAR monetary AND fiscal policy of let's dig deeper debt holes faster (as prescribed by esteemed doctors of economics such as one Paul "Let's Colonize Uranus" Krugman, Ph.D.) has wrought, over a solid 20+ year preceding period, has wrought.
Krugman's LITERAL real time thought on this matter is that they're not digging nearly deep nor fast enough.
You can't make this shit up.
you don't need to, as others have before you. john maynard probably shouldn't have elaborated his insights with reference to people digging up jars of cash planted by the central authorities. he meant well and was a hell of an investor. his name has been taken in vain, infinitely.
Allegedly.
the japanese sure used to handle these 'tight' situations well...the action of the crowded nikkei trades is like having 18 guys all simultaneously ready to release but only one girl around to take the lucky load in her mouth.....only one guy gets the enjoyment and the rest gets shafted
as seen in bukaki theatre (PBS Japan) all eighteen guys are smiling.
Yeah, but.... but..... they don't have the world's reserve currency, so tough-titties to them. WE are the Almighty USA. We're DIFFERENT. We're MAGICAL. We can do ANYTHING.
It'll never happen here. Promise.
That's the beauty of Keynesian economics... You can always say" it would have worked if they only spent moar".
Good to see you posting by the way.
Japan and Cyprus. How do you say screw the public bank account holders in Japanese?
http://www.forexlive.com/blog/2013/06/11/japan-to-become-more-like-cypru...
ass-so
Can I add my IYT puts, FAS puts, TNA puts to your request. I've been getting slaughtered for months. I need a break.
at least the tna puts have been running your way lately. hold on, they're coming.
http://www.youtube.com/watch?v=mxvTgY8m3NY
http://www.youtube.com/watch?v=U991CnGqW6Q
http://www.youtube.com/watch?v=owCtCy55S2k
http://www.youtube.com/watch?v=sRZ2A-w8r1c
But they may not have a choice, because Japan has gone as far as it could and can't go any further.
And they know it. Got gold? I know they don't.
the yen stops here?
Intervention at 9am..
The Nikkei is down 700+ points and gold and silver are positive. This just may be the beginning of the great disconnet. Funny, the cost of silver is much higher than most realize.
SILVER COSTS: Much Higher Than Most Realizehttp://srsroccoreport.com/silver-costs-much-higher-than-most-realize/sil...
When pissant greece a third world country blew up we went down what 10%....japan is the 3rd largest ecomomy...where is the estamate on the spy...
Yes, the one positive that I had seen over the course of this PM drubbing is that in order to make it happen, they reversed the positive corralation between stocks and the metals. Remember, gold and silver were trading just like stocks for a while. It's possible, though they will fight it, that this could really backfire on them now. Hopefully, we can get back to the good ole days of negative corralation PM going up when stocks go down.
"It's dozens of terrorist events that (spying) ha(s) helped prevent,"
LOL
"If the trusty NSA was not on the job, the crash would be worse"
----"The Dick"
"If Woody had gone right to the police, this would never have happened."
http://www.youtube.com/watch?v=0VQfR302sA0
This is actually a modern day investing video for the American public. Without the happy ending.
Gotta love the pop goes the weezel music box at the end. Thats the song I hear play every time people talk about "Justice". Heh.
I can't wait to see their heads drop into the basket. And the crowd roars MOAR!!!
not to nit pick TD but this is more of a DonkeyPunch than a MonkeyHammer, she definitely looked back
MonkeyHammer is such an elegant term of art.
Its one of my all time favorite visuals !!!
Oh yeah, like that monkey on the credits at the end of adult swim, manic look on his face, beating on everything in sight, happy as a clam in mud...
The visuals are most wondrous!
the Atomic Buttercup can get messy
But, but, our academic no real world fed chairman studied this and knows the answer.
http://www.reuters.com/article/2013/06/07/markets-hongkong-china-stocks-...
The sign you have all been waiting for is in UVXY and the reverse split and posterior action.
The most rigged product in history will now unleash hell.
of course you guys don't follow that shit.
Buffet in bathtub, considering buying Japan
MY GOD THE S&P MAY FALL BELOW 1600
AAAAAHHHHHH
I just love the smell of exploding Puts in the mornings.
It's simply testing.
They're testing QE halt of if I may dare, QE unwind in Japan.
Experiment results are quite good. Maximum pain at minimum hits, that's the goal.
We can expect 1000 dow pts/day for 3 days in row, based on successful experiments in Tokyo.
experiments performed:
zirp
qe infinity
gold hold down
greek confiscation
yen to infinity or as far as they can go
ireland cram down
the euro shuffle
what ever it takes antipasto
coming soon experiments:
the taper
the death of reserve
world wide total reevaluation of all values
the amero
You forgot cyprus
Only the Cyprus Pine has value in that Assraped ex Country.
And the Bankers need good wood
and Somalia hyperinflation
It's hard to believe other world markets have been so nonchalant about Japan's demise. " lalalalala -hands on ears, I can't hear you Abe!"
Where does a guy have to go to see pictures of Jap traders with their hands covering their mouths looking at red screens?
Is there such thing as "japanese deer in headlights"?
Headrights..
Too Soon?
Yes, too soon. But still appreciated.
This deep into the thread and the obvious 'RUN AWAY! RUN AWAY!' [in response to the Monty Python] comment has yet to be pro-offered...
A Japanese deer won't be blinded because it's eyes are squeezed together.
Do we BTFD now, or when the Nikkei is a quarter of its former self ???
Don't play with falling knives. Down 20% from the lows you say? Might we see 80?
Bondzilla is mad!
As for me, I'm still holding my stocks from the time when the Nikkei was at 38 000... which was 24 years ago... so this is nothing.
Yen at 94... lulz... gonna need to print some moar fiat Abe... maybe... $500 billion a month? Stop being shy and go full steam ahead already.
never go full retard
http://www.youtube.com/watch?v=oAKG-kbKeIo
Can we use kamikaze here or is it too soon?
Pertainent comment! Its just like Pearl Harbour all over again.
Went in big without thinking of the consequences. Ended up bitch slapped.
Someones Bank in Japan just got tapped on the shoulder... Derivitives might start to sudder.
Lets see how good the foundations are?
Well the Pearl Harbor attack FAILED if you really look closely... so you can't really compare. If the Pearl Harbor attack actually was a success things might have been different.
Didn't get the oil tanks, the electrical grid, or the aircraft carriers, IIRC.
Pearl Harbor was a success it brought America into the war. I call it the 9/11 moment, it suited the geopolitical intent. But first you have to get the Prols onside; the attack changed public opinion overnight. I did read somewhere Winston Churchill knew the attack was coming, but said nothing. That would not surprise me because this man sacrificed the people of Coventry. Why? Because he didn't want the Germans to know that British Intelligence had broken the Luftwaffe Enigma code. To defend Coventry City would have given the game away. It has also been said Dresden was payback for Coventry, who knows I would have thought there would have been enough death by that point.
Tora, Tora, Tora.
guess the squid stopped out..................
Gotta love it, it truth and irony of it all.
Every Goldilocks recommendation it seems hits the shitter, killing the muppets.
But when their P&L comes out they have 177 days out of 90 wherein they made 3,577% per minute on their capital.
Truth is out there!
Believe nobody (from Goldman)
THis should be good entertainment. Can the S&P follow suit and close down 6% or more in a day? How much longer until Ben and Friends announce a joint intervention program to provide 'faith' in the markets?
they actually now with HFT dont need to spend any coin to prop this bitch up, they can do it with HFT channel stuffing...... that assumes everybody is on the same team....
LMAO...when shit blows up...NOBODY is on the "same team".
No honor between crooks...
In this case the 2 second pre release was quite simple, as it said "GET THE FUCK OUT NOW" , all in binary of course...
No, no, only the tip sweetie, I promise!
I would love to see that. My PM stawks would be happy!
fuck u david tepper and goldman sachs. i hope u drown in ur losses u fucking scumbags. this is just the beginning.
but...but...Bernanke told me we can print into prosperity, so why can't Japan? Krugman told me debt and deficit don't matter either so why is reality saying otherwise?
Abe and Kuroda got just what they wanted, everyone running from one side of the boat to the other for the benefit of muppet slayer gollum sacks.
But they must time it perfectly. The boat needs to flip just at sunset. Is it the rising sun or the setting sun on the flag???
Admiral Yamato! There are not enough lifeboats!
ROFLMAO!
Crash Ponzi markets! CRASH!!!
So much for zee price stability.
If the S&P gets monkey hammered at the same time the ten year goes to 3% and precious metals rise then I will take notice, until then it's just the Bernank managing the markets. Japan and their blunders will probably giving them enough cover to end this tapering talk silliness.
Bonds and metal holding tight at present.
Precisely, he couldn't be happier, no need to prick a stock bubble, his planted taper rumors take a few hundred points a week off of our market, but POMO and global chaos puts a constant BTFD bias, so he'll get his target 9% in the DOW in the end, meanwhile the bond market can take it's medicine in advance, allowing him to forego tapering, while planting various rumors with Hilsen-wrath to test various tapering styles in advance. He knows no one can resist wearing the cleanest dirty shirt, but his eventual folly may be the big "S" he secretly embroidered on his JC Penney v-necks ...
Let's see. It took four years and trillions of QEasy Bucks to take the US markets to all-time highs (save for the NASCRACK).
It will take far FAR less time for the very same markets to tumble back to pre-QEasy levels during this global fiat-sco.
About six months. By the fall, we will be living in hell. Then again, for us in stuck in the Land of Stupid - i.e, Pittsburgh, Pennsylvania - we're already there. I'll roll out the welcome mat for you and have an ice cold adult beverage ready.
Meh, they'll start a bullish war to divert attention...
Either in Syria or Iran or wherever.
They'll start a bullshit war to divert attention. It will be anything but bullish for anybody who isn't a drone or a one-percenter.
+1....& add stuck in kalifornia to that list
You're in Picksburgh? Meet me at the Hofbrauhause, Ill be the guy wearing overalls with his head wrapped in tin foil.
Ben has Japan back. He ship boatload dollar. Looks like we gonna need a bigger boat.
So will another Japanese Finance Minister commit suicide?
http://www.youtube.com/watch?feature=player_embedded&v=o7gFlSGXt_k
20 quatloos the Japanese Fin Min goes Kwai Chai Caine in the closet tomorrow...
50 quatloos that the stain on the closet door reaches the 3.5' level !!!
Is anyone jumping out of windows in Tokyo yet?
THAT might be a sign of trouble.
Pilgrimages to Fukashima is another bad sign...
Just a flesh wound, all time highs in Nikkei in 6 months, 50,000 plus! Load into calls!
Time for highfives at the GS flow desk. Thanks, muppets.
They're rich! Probably used 100x leverage.
This is both fascinating and frightening. Down 850 points (6.4%) as of 10:04.
Couldn't be happier, considering my short position.
But I'm still losing money because I shorted too early...
Three more weeks of this and I will begin to make money! There IS a chance!
Buy it. Buy it so much. Borrow Yen. Buy it again.
Want to see what the US will look like, except much BIGGER? Look at Japan.
How's your Japanese plan working out Bernanke, Evans, Dudley and Yellen?
Still up over 50% from the lows.
Me long Japan junk bonds, but me not worrry. Goldman put many hedge fund into it.
Nikkei love you long, long time !!!
Me hoping US Navy come back to Japan soon.
Or even Borneo, where you don't have to wait for em to take off their bras...
Sell in May. Comeback in 2019.
should be interesting to see if treasuries are bid tomorrow. they better be.
no
LOL
Prime time for Ab(e)rvention.
Long gold, silver and SH shares.
Bring it.
look at those swings. what a clown show
Rallied over 200 points off the lows into the morning close. Looks like the squid is doubling down...
My favorite pattern has been the puke into close apres dejuener. Come on black!
oh shit... wtf......
Japan's nuke this time is financial. Next the US. Be prepared.
QE to the max is burning Japan. Godzilla and it's relatives on it's way to the US.
Okay, ekm. I gave your "end to QE" talk serious contemplation, unlike others who offhandedly dismissed you outright.
I have to agree with you wholeheartedly. It's all over but the shooting.
No, that isn't a typo, either.
Long misery. Short humanity. Long inhumanity. Short people.
http://www.youtube.com/watch?v=uFmv22ghzQw
So they wanna get the retail investor in? It looks more like they fucked it totally up. Looks again like 2008.
I have said it a dozen time. The "brilliant ones" at the Fed will NOT cut back. Can you imagine with the carnage in Asia tonight what would happen to our markets if any of these idiots even mention reducing the amount of cocaine, eh, sorry, monetary stimulus. It would be one hell of an E ride and after the initial plunge in gold, it will shoot up in a geometric ratio.
Stop QE. Freaking absurd.
It's not absurd. Who would be better positioned for the end of QE than those who began it and thereby hold the world's fate by its throat?
Think like a criminal. Always.
Xi to PBOC: "Sit tight, young Skywalker, two more weeks of this and Japan will surrender without a single shot being fired."
the level of abuse and manipulation there is beyond obscene.
Who wanna bet they gonna increase the QE?
They were doing $75 billion a month... they gonna do what... $300 billion a month now?
Not until after the election next month.
Thank god for Zerohedge and Kyle Bass. Big Mac in mouth - Lovin'it
FUGLY!
can someone please explain to me why everynight at around the same time, the nikkei just stops trading? like not a single movement in the index?
i understand some times of day being a lot more quiet than others, but i never heard of just stopping the index totally from trading each day.
i dont think its my computer quote, because it happens nightly around this time
lunch.
Stops at 11:30, starts again at 12:30. Until recently it was a 90 minute lunch break.
They need a break from all the tentacle rape they are experiencing while trading.
Radiated local tunu wrapped in iodised to the max seaweed served with a slightly tainted light soy sauce. It takes 30 minutes to eat it and in1 hour the effects on the brain kick in. Its lunch time for lunatics
Bet there is a lot of tums at lunch right now
Cueing up Kyle Bass reruns if anyone missed the original airings...
WTF?.....Don't those Japs know fundamentals don't matter? Better send in some Great American Bankers to shore up the Asian Ponzi.
J.D. and the Whalers can right that "Market".
what kind of market literally shuts down for an hour for lunch? that makes no fucking sense.
considering that markets are traded electronically these days, just because the traders decide to leave for lunch, does not mean that other people should not be allowed to trade for an hour.
makes zero sense, let the market run from open to close, no fucking breaks.
You are implying that you want this bitch to die as fast as possible? Gotcha!
I think it's kinda great. Japan has such a reputation for being workaholics, and it's so inconsistent with that image. Not like there's any real "analysis" to do in this market anyway, may as well enjoy a glass of sake and some nice lunch.
The same kind of market that shuts down on Saturday, Sunday, holidays, and over 16 hours a day otherwise?