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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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Kyodo quotes a #Japan gov't official saying #Japan Prime Min. Abe & US Pres. Obama have spoken on the phone.
The knight in shining armor is coming to save the day!
A game to suck in the treasury bond bulls. Not just yet.
Who is the Japanese Hilsenrath? Where is the emergency rumor generator button? Why hasn't the BoJ taken its own advice by chucking another few trillion yen at this?
In the "real" world, a Japan collapse is a fucking catastrophic event, deflationary for the rest of the world, means demand from Europe and the States for Jap stuff is collapsing, Balance of trade is screwed since the nuke plants blew, fucks with carry trades, blah blah blah
Honestly, I am not a dumb guy but I have no idea what this collapse means in an "Abeonomics" world. It's just a confidence event? Messes with currencies but what else really?
Nikkei has nearly doubled in half a year. This doesn't warrant the term "collapse" until it at least breaks back below 10000.
Good question.... As a starting point I think that on account of Japan being the US's and world's largest creditor, responsible for insane amounts of FDI in China, and probably insanely exposed to all sorts of shit in terms of shadow banking that Japan's collapse (if it's collapsing) seems easily comparable to previous market crushing events like Lehman, subprime, and whatever other horrible shit has befallen us in the past few years.
Kyle Bass is printing money tonight. Brilliant analyst. Is this the Lehman II event? Is this the event that sets in motion a series of financial meltdowns. Or is it contained? Do the CBs have a few more cards to play? Either way, we are getting closer and closer. Is it 2013 or 2014? I'm not sure. My bet is 2013, but it could easily slip until spring 2014.
One thing is clearn, when it goes this time they won't be able to contain it. This is serious stuff. CNBC and Bloomberg make you feel warm and fuzzy about the economy, but the reality is that our way of life is literally at stake here. We are facing a complete reset. The politicians and economists are going say they couldn't see it coming. But we all know that is BS. Anyone with half a brain and a little bit of research can see what is coming down.
Just look at the facts:
1. The USA, the biggest economy in the world, has been living off of debt to maintain our standard of living. We have been playing a dangerous game since 1980 of living off of the reserve currency of the world. Now we have 10+ trillion of debt that requires interest payments. This debt has gotten so large, the we can't service it without printing money.
2. Oil, the engine of the economy, is no longer cheap. Without cheap energy, growth is no longer possible.
3. Taxes and regulations have crushed small business. Many companies have to cheat to make a profit.
4. Demographics in the USA and Europe are impinging growth in a negative way (older is not better).
5. Governments have gotten so large that they are squeezing the private sector into paying more taxes.
6. Healthcare costs are out of control and impacting many families and business in a detrimental way.
7. The financal system has become a ponzi scheme with derivatives ready to blow up.
8. The finanical system has become so manipulated that valuations are impossible to make.
9. The government no longer respects its citizens and instead collects their private information.
10. The political system is broken with gridlock and no possibility for solutions.
If you can refute any of these arguments, you have to own a thick pair of rose colored glasses, as well as a tendency to believe what your are told without doing any thinking on your own.
Newager
You forgot to include the mother-of-all-facts, and that is the facts don't matter.
This isn't the big one... the markets are not designed for absolutely nowhere to go.
And those who control them are not, either.
You are correct. ZH spirals into selective memory sometimes and forgets that . . .
Greece was going to destroy the world with swaps on its debt. That was handled by simply refusing to allow a default declaration -- by decree.
Italy, Portugal, Spain, were going to have yield explosions and the collective swaps would destroy the world. Draghi just walked out and said he'd buy their bonds. Never bought any. Just said he would. So the yields declined essentially by decree.
Guys, this is money we're talking about. It's not bullets. It's not blood. It's numbers on a screen. They have no power. If they look like they will destroy the world, they will be changed -- by decree. Gold is no different. It's something that people believe has value. Like money, that value is just in your head. It's not a physics parameter. It's imaginary.
Imaginary things can be changed by whim. If someone complained loud enough to be a threat, govt will kill him. They aren't going to allow numbers on a screen to destroy everything, so guys really need to stop thinking any sort of reset is coming. It's not, at least not from money. Oil is a different matter.
I don't know about that. There's something to chaos theory, like in Jurassic Park. There'll reach a point when complete control is lost, something will spark it -- derivatives or something less obvious, then things will unravel fast, at warp speed, before the players, human minds, can respond/react to their own technological gaming of the system. Something will go wrong at some point.
http://www.aljazeera.com/news/europe/2013/06/201361222530660575.html
http://www.theatlanticcities.com/jobs-and-economy/2013/06/portraits-desperation-unemployed-and-homeless-greece/5830/
Greece - State TV shuts down. Private network to take over. The dark screen is symbolic - you are not allowed to know what is happening.
Mission Accomplished in Greece. the heist has left nothing, not even a church able to help. This is by design.
http://www.youtube.com/watch?v=e02rn2FJe9o
Bill Hicks-
http://www.youtube.com/watch?feature=player_embedded&v=K_hB4FhrgOg#!
About this:
but the reality is that our way of life is literally at stake here.
I don't want my way of life anymore. It's all a lie. I want to work in the mornings in the fields, come in from work in the early afternoon to teach the nehiborhood kids maths, meet with the other farmers at night, teach them enough about management accounting to help calculate things like maximzing the caloric yealds per acre to feed the locals (An MBA in Finance is not COMPLETELY usless in the post-collapse world), have dinner, then drink honey mead until I am buzzed and go to bed.
Exactly!!
Ad whenever a FED goon shows up, we meet them at the roadbloc asking THEM questions.
It may not be an option, what you have described, retreating and living the basic life without roadblocks..
agenda 21 . 2020 They could make attempts to clear the path through manufactured events....forcing people to move out, This is what it appears to be. Going after the cheaters is a disguise to process the information and weigh the information to file and where.
On the day the dancing stops, It will become apparent we have been tricked into Agreeing to follow them as they guide us to the top of Mt. Everest and knowing you likely will not beat the odds, and dying slowly enough to realize you did this to yourself, no one even tries to save you because we agreed to this. Last act was the dream we had lived for. How stupid can we be?
zheartwrenching to consider they knew this would happen and did it anyway. Taxation without representation.
http://www.youtube.com/watch?v=eu3EuWg2qNI a tune
Candlebox - Far Behind
A cancer can't go back to being a simple, normal cell. It has no choice but to seize eternal growth in a frothing frenzy, faster and faster, faster and faster, until, inevitably, it kills its host.
I agree except with the statement about oil.
It's inexpensive if one is reasonable. And sorry but driving alone 50mi to work in a fucking V12 truck that anywhere else in the world could be used to carry a soccer team is not reasonable.
Yes but I can still buy cold beer and gas at the 711 and watch American Idol so everything is still rosey.
1 through 10 spot on.. But this isn't close to lehman event. Im pretty sure there is plenty of liquidity to help those that freak when it's gone. There is more than enough credit/cash to lend to each other. They are swimming in cash. What imho it will take is for the 'public' to reject the liquidy.. May take a bit moar time.
This thing is getting a little over done now. I'm smelling a nasty short squeeze coming.
I'll tell you when it's over done =)
looks like it already retraced a bit
Look at the EUR!!!
I agree, line at 12000? 11500?
I saved this chart for you chump. You don't get to see moves like that very often. Look at the Nikkei.
[IMG]http://imageshack.us/a/img856/4980/nikkeioff800.png[/IMG]
YenX.. thats going to hurt and leave a brown stain. Which Japanese Investment Bank has to stump up for the call. BOJ had better have the folding to loan or it's.... How you say.....Sionara
15min left! The Bernanke is pouring sweat and manning the presses himself I bet!
The snap-back is going to as viscious as the drop.
Need MOAR popcorn. Munch, munch...
(Reuters) - China shares tumbled to their lowest in six months on Thursday as mainland markets reopened after a three-day Dragon Boat Festival holiday, hurt by soft China data released over the weekend and an ongoing selloff in global equities.
http://www.reuters.com/article/2013/06/13/markets-china-stocks-idUSH9N0D...
Ya gotta love the smell of a monkeyhammered napalmed Nikkei in the morning !
F U Ben and screw all of you CNBC a-holes !!
Always feels a bit Christmasy around Zerohedge when the US, Asia and Europe equity markets are all down
Moar like Halloween. So many tricks yet no treats.
Futures can't even muster 1% neg, hilarious. Actually testament to Fed and most likely ECB holding lines on FX correlations since algos are programmed to watch selling cues (ping pong from FX to stocks etc) on certain FX trades.
Anyways, Japan will get a margin call from hell, since they own most of their own stocks and bonds. Like I said, this was an economic 'hit', in saying that China is being ripped a new a-hole also. See if they break 2000...maybe we have our South China Sea skirmish very, very soon...
http://www.ctvnews.ca/world/japan-holds-unprecedented-military-exercise-...
Wonderful world.
I'm surprised their CB is so inept.
I know, it's frightening.
Drudge now covering the 6% plunge -Surprised and glad he didn't link here.
DOW up at least 200 tomorrow.
Nobody fucks with Bernank! Nobody!
Ben... is that you?
You really made a good call on this one...
Don't fight the FED motherfuckers!!!
Here's what the BoJ has been up to. I suspect the next tranch of numbers will dwarf these. Need MOAR ¥ .
Japan data: International Transactions in Securities (week ended June 7)
Warren is buying Japanese railway stocks .... by the car load ? Moar .... than the little words .... I try to say .... I only live .... to love you .... moar .... each day .... moar than you'll ever know .... ! Moarnedas 1929 Comedy Jihad Blood In The Street Means Fresh Road Kill World Tour
And US stocks are very close to signaling a primary bear market. This could well happen tomorrow, June 14 or the day after tomorrow. The market is now on thin ice for the reasons explained here:
http://www.dowtheoryinvestment.com/2013/06/dow-theory-update-for-june-12...
Currently, the secondary trend is bearish. The last shoe to drop is a primary bear market signal.
Hope they lose all the money they were planning to use to fund the military to kill us with.
they already have zombies for that
Is Abe literally down at Kabutocho, rapid firing bids to help prop shit up? "Tune a-tho's machine, a-back on!"
But if the dollar is worthless then stocks should be up tomorrow.
Herd 'em back into TSYs. Mustn't let 30-year fixed get above 3.75%. Haven't you heard? There's a housing recovery going on!! Yippeeeee!!
Moar selling! Just do it.
Counter-point from the deviate Goldman funded perverts over at CNBC:
Forget the Sell-Off, Nikkei Headed to 20,000
Bloomberg appears to be covering Singapore sex scandals.
/es hasn't sat below 1600 yet,, it has sat on it a few times. here's to a wonderful fall.
I wish to complain about a TD Bank ad I just saw on this very page. It depicts an Asian man sitting on a green chair and the caption is "trade smarter". Dat's racist.
You're denying asian men sitting in green chairs are smarter is racist...and hurtful to the intelligence of all asian men sitting in green chairs.
BTW - Sun Tzu wouldn't be caught dead in anything but a green chair...jus saying.
as long as he his not wearing a green hat.
all the worlds markets are inter connected right? that's a good thing, well that's all I have heard for years from our finance press. it's a good thing.
Well folks, the Dow declined 4.4 percent and the Nikkei 4.9 percent when Lehman went bankrupt. This is a good margin bigger today. Let's see what happens!
Calling all Muppets to the front lines ......
most of them are skinned and drying on racks, it's down to the muppetaceous minisculius to git er dun!
RIP Nikkei Bull Market (2013-2013)
Looks like you're all having fun.
Hai Godzilla.
I had faith they'd panic into the close. Seems to be their pattern when the scary deflation monster's outside the exchange.
Oh man. Do you pick up the phone and answer the call or do you open the window/pour sake on the blade?
Bwahaha! Dollar is being CRUSHED!!
Congratulations, whites! You are now just like the Japanese!
http://www.washingtonpost.com/local/white-deaths-outnumber-births-for-fi...
OT, but the CME gold stocks report today was pretty interesting. Remember yesterday we saw a huge chunk of JPM gold leave the building, and today's report had some unlikely movement with Brinks, which saw about % of their registered stock exit the system in a single day. (Unlike JPM, Brinks sees much less activity.)
JPM registered is down 69%, Scotia registered is down 54%, HSBC registed is down 38% and total registered Comex gold stocks are now down a full 50% v. two months ago.
Compared to two months ago, total inventories at JPM are down 64%, at Scotia they are down 10%, Brinks is down 6%, HSBC is down 5%, and Manera, Tordella & Brookes is completely unchanged. People really don't trust JPM to hold their gold for them!
Interesting times, Ill have to check Harveys report
So basically we know that Kyle Bass reached climax at 2:00am EST.
What was the final total on $billion the Japos turned in to thin air in the past 6 weeks?
Tine for a brief short-covering rally?
http://nipponmarketblog.wordpress.com/
USD/JPY 94.07
Is this what they were trying for?
Shouldn't they be able to attach a computer with infinite fiat as a feed to make it whatever they want it to be?
Maybe they have Mr. and Mrs Gox running things and the maintenance man will be in tomorrow.
It's a huge shit sandwich and we're all gonna have to take a bite.
Anyone seen Hugh Hendry?
In response to the steep falls, Bank of Japan Governor Haruhiko Kuroda was quoted by the Nikkei business daily as saying that the Japanese economy is on a steady path to recovery and that financial markets will calm down over time
That's a little like saying a patient who is dying will calm down over time. Must be the Japanese version of "the summer(s) of recovery" or is it the decades of recovery.
...Steep Fall? WTF, their "Market" just doubled on a single dose of QE in six months or so. Nice of them to allow a "decent" pullback.
Man this killer Rabbit is so epic
Final exam time for the Bernak. Here is how it stands:
-Control the markets and trend them higher using $85 Billion / month in POMO B+
-Test the markets sensativity by using the word "Taper" in the press, from your mouth or from your puppet friends A-
-Know for certain how $3 Billion in POMO stands up to an exogenous event like Japn? - Final Grade issued at today's close
Final exam?... They are doing a good job early, US stocks benefit from "Flight to QE" .... US Dollar, not so much.... Oil remains well bid as Big Oil remains a big priority of the Big Banksters. The WTF "Market" continues to make perfect sense to Larry Kudlow, all this bad news is the "Mothers milk" of central banking on steroids.
I order 100 oz. silver bars a month ago from JM Bullion, and they told me it will be July 27 before my order will ship. Anyone else think they are holding the spot price of phyz down by just extending the shipping dates?
.... Yeah, I thought I saw something strange in that "Market" too. Stocks up everyday since the election/correction and PMs down, makes perfect sense in 'Markets" made for TV.