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Asia Crumbling; China's Worst 2 Days In Almost 4 Years, Nikkei 450 Pts Off Session Highs
Things are getting a little out of hand in Asia once again. China's Shanghai Composite is down 3.7% at the break for its biggest 2-day drop in almost 4 years (-8.9%) and Japan's Nikkei 225, after staging a solid come-back has collapsed 450 points from its highs of the early session smashing below the US day-session lows. Chinese repo is very noisy but 7-day is around 160bps higher for now at 9.2% (having traded at 17% at one point - suggesting 'specific' injections have been made). The carry unwinds continue as USDJPY and Nikkei track each other tick for tick. S&P futures are not going unpunished (-4.5 from the close and -12 from after-hours highs). What's Chinese for 'Dallas Fed's Fisher' or Japanese for 'Hilsenrath'?
Nikkei 225 collapsed below US day-session lows after staging a modest recovery early in the session...
China's worst 2 days in almost 4 years
Charts: Bloomberg
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http://ftalphaville.ft.com/2013/06/20/1541032/an-unwind-in-the-great-chi...
A good working thesis to what's happening in China.
The 2-day squigley line is Blood Red...perfect!
Kuroda-Abe twin powers, activate!
"Form of a waterfall!"
"Shape of a canoe!"
Somebody musta said somptin' like "Whazzup wid dem numbahs, yo? You be lookin' like dat honey, gets no men droolin? No way bitchz!"
I'm seriously beginnin' to wonder if them eugenicists ain't on to 'sumptin'?
Oh, and BTW... The dollar been strong all through this... good sign of "panic"... best port in the storm, flight to safety... and tonight, treasuries are catching a bid... another excellent sign of a flight to safety... the best safe harbors (comparatively) "in da woild, Ollie"
China, Japan, USA, Europe, UK, Australia.....markets are all cavitating on thin economic outlook right now. Sentiment is turning and many are admitting they were fooling themselves, so watch vol.
Use your Gold wisely people; you may never need to sell it if the system contracts yet holds together, and you'll be able to leverage upon it soon enough (late 2014 maybe).
In the RE boom, people used their homes as ATMs to buy other assets and especially toys using equity. If you do it right, you'll be able to use your Gold as an ATM (equity balance) to leverage against and get-up on RE while everyone else is in Fire Sale mode....Buy The Fucking Dip on that leverage, don't waste the upside move in Gold by sitting on it like a dick, make the fucker work hard! You’ll have all the time in the world to sell your yellow as you’ve shifted your wealth from metal to brick.
You don't need to lie about not having Gold, you need only declare how much you ‘may have’. Only declare amounts which offer you security on the leverage you wish to be exposed to, no more. If you're borrowing against Gold, banks will love you and bend over backwards for you. If you hoard, banks will vilify you.
I just hope everything holds as-is for the next 8 weeks.
http://twoshortplanksunplugged.blogspot.com.au/2013/06/gold-real-estate-banking-new-game-as.html
Australia is going to get a real arsehole buggering.
Indeed, and Perth will be ground zero.
Sounds too complicated.
The problems haven't changed since the 90's: corruption, malinvestment, fraud, lack of freedom.
Plus they started too late. And now there's too much debt, pollution, poor ROI on 00's of billions of "investments", rats jumping the ship and population aging.
Not that dissimilar from the USSA and EUSSR, minus the pollution.
eh. the "Hamptons High" people are doing just fine. obviously the folks who made them all that money are experiencing one he'll of a ride. "should their be a sudden loss of cabin pressure please...
"should their be a sudden loss of cabin pressure please...
Yeah lets hope the fat bastards are sucked out through a very small window.
Yes, DormRoom, the FT article is good, and so are the comments re it.
Tommorrow is going to be another glorious day of yelling for moar.
Prep the storm shutters guys.
( and gals if there's actually any left on ZH that post .... it's becoming quite the sausage fest these days )
Turbo Tuesday? Or is that an old trick already?
Once everyone knows about the secret, then it becomes something from the Pet Semetary.
Sausage fest? how do you know?
Most of the women I've known or been involved with rarely use terms like bitchez. Maybe I should get out more.
Sorry. Make that "moar".
Bitchez.
I'm a bitch, my fellow bitchez!!!!!!!
Cussing is a very effective way of communicating one's emotions about THE FUCKING ECONOMY!
Edit: You need to know who of course but I still see a good number of women posting. Many of the old timers are coming out of hiding because they are wondering if "this is it."
Women that aren't afraid to curse rile my silly place. +1
This is why...this .. right here. This shit. This fucking shit. This nonsensical fucking bullshit.
You fucking assholes are the reason this goddam country is faltering and on the brink of complete collapse, leaving you and the rest of us in the middle class doomed to spend of the rest of our lives STRUGGLING because you YOU are focused on the fucking contgent of a goddam sentence.
GET A GRIP. You havef little time to even think about anything else. The element of surprise is their greatest asset. You HAVE NO IDEA WHEN it is going to happen but YOU WILL BE FORCED TO give EVERYTHING UP in the name of patriotism when the globalists reach the point of finally, finally called America a country that once was.
You fuckers, bitcches and bastards who spend hours deciding what to fucking wear and where to fucking eat and what fucking car to fucking buy are the REASON WE ARE HERE.
STAY FOCUSED YOU USELESS BASTARD. you men....i am so fucking angry with you for having to gather us the strenght each and every fucking day to gather the information required to understand what the hell is going on here. You watche sports and cheer like it ius the second coming of FUCKING JESUS CHRIST. Your dicks and your fucking balance on the Profit and Loss statement has been your focus for nearly a decade.
agitation should be what you are feeling right now because you are a trapped RAT.
Feel better? :)
http://www.youtube.com/watch?v=i-EN8dpAvBw
What goes up, always comes down. Always has, always will.
PFE has been trading sideways pretty much for a while now.
<wink>
I'm still trading the DAX in Weimar notes. I lost count after septillion.
That's what she said. She did, she said it.
Yà-miáo-zhù-zhang
You won't help the new plants grow by pulling them up higher.
Looks bad.
Almost as bad as Nancy Pelosi's face.
John Kerry's chin will save the day!
Does anyone else hear the sounds of war drums approaching?
We're being lead by the financial equivalent of the alpha-males who got their tribes wiped out by attacking the neighboring tribe and losing.
Perhaps the drums will be loud enough Friday for everyone to hear...
Shall we drink to that?
Crash mother fucker, crash!
Fucking ponzi central banker markets.
I hope real people are out of them and the bankers and scammers are the one's who get burned.
I want to see a deep shade of RED across the fucking board... I hate this motherfucking market and I want it to be DESTROYED!!
I want to see bond vigilantes and oil vigilantes. Crude's stubborn $90 range pisses me off. Fuck oil, money's obviously more important than damned oil. Crude is not a safe haven!
Sound of nobody not yellin' panic yet's the miracle ....
The Fed members all need to eat some Keynesian dung.
I wonder what number the manipulators will/have choose/chosen to call the bottom?
Any complex system starts to fibrillate as it fails, just like the human body when it is dying.
Given the complexity of the markets and the way in which HFT and algos introduce massive systematised layers of if/then response trees and decison matrices practically anything is possible.
Popcorn?
The Nikkei Decay
Once as a young lad, a friend and I once built a "go-cart" out of Big-Wheel parts and wood. I was the test pilot for the first run down a one-third of a mile steeply sloped street into a parking lot. At max speed the small cap holding the front-right wheel onto the axle came off followed promptly by the wheel. I compensated by leaning back and to the left (sounds familiar), but that caused a twist in the frame that turned the cart toward the left. So I turned the steering wheel/thingy to the right to compensate. About then the back-left wheel came off, but yet again a little back and forth weight shifting kept things upright and still "flying" down that hill. But then I heard it again, the "ding, ding, ding" of the cap coming off of the back-right axle and making a beeline for the right curb. Decision time: Lean left and drag the back-left hub and take my chances with the left curb or let the back-right wheel come off and take my chances with the right curb.
The wheels have come off and it's decision time
You triggered a memory. I was a young'un, and was visiting cousins in Aberdeen, SD. Borrowed a bike, went for a ride, and while gaining speed down a hilly street, the chain came off, rendering the brake useless. less than a half-block down was a cross street with a stop sign, and the cross traffic had none. I turned into a mailbox, thinking that it posed less disastrous potential.
In retrospect, it was the correct choice. I fully expect, however, that TPTB will continue to barrel straight ahead.
When I was five I took my brother's Radio Flyer out for a test ride down a fairly non-steep hill. I woke up after hitting the curb all scraped up, with my diaphragm all spasming, and trying to cry like a little kid. The important thing was that the wagon did not break, because I would have also gotten an ass whipping from my 11 year old brother, and maybe even my father.
I have repeated a lot of really fucked up mistakes in my life. At least I learned that lesson the first time around.
I still have a big ole' scar by my right elbow to remind me.
You guys have to support this........and share...LOL
http://www.youtube.com/watch?v=v4z09el30f8
Smells like propaganda to me...
If you've not learnt that everything is propaganda by now, you'll make a tasty filling to someone's BLT.
Funny, however this not the only way that we can fight back. They know this and that was what "Sandy Hoax" (the school) and the resulting and on going gun-control campaign IS all about.
And as funny as doing what they suggest is, one has to remember that all of this is not driven by the BS du jour of
"stopping terrorists," but by contracts and politics (money and power).
Put another way: they are pissing away billions of stolen loot to benefit themselves via corruption, etc., and to keep watch on us, their natural enemies. All that data will be put to "good" use in their coming "camp and trench" round-up.
Well, all I can say is I feel real good about owing physical gold. Somehow I think we will all be at the finish line looking back at most.
Them markets had me fooled a couple minutes ago when the Nikkei was still up modestly. We need a crash.
Never thought I would quote the Karate Kid but... "Put him in a body bag Johnny!"
sweep the leg - put these bitchez out of their misery
Seems timing related to Xi's visit to LA. Then Russia is a bit uppity as well. And then there is Holder who no country in the world sees other than a dangerous criminal that is in charge of the US Justice Department. The FEDs have really fucked things up for everyone.
Shanghaied in Shanghai
Delayed consequences confuse more people then false correlation.
Just spitballing here,
but with the threats of retaliation against China coming out of Washington over the Snowden affair,
I wonder if the post-event forensics will show that this was somehow triggered by the U.S.?
OR
Perhaps, given the timing, could U.S. actions be used as the scapegoat excuse?
Paging General Keith Alexander... would you like to comment before the next Greenwald story breaks?
Dance around the fire you wicked hag.... the darkness brings the evil.... we pray for the sun.... that will never come.... so we wait.... warmed by the glow of the flames.... for the inevitable... but alas we have no fear... we have been expecting you... we can only hope our shimmering amulets torn from the depths of the earth.... will offer some protection..... if it is not to be then we shall know suffering.... and we will know what it is like to live without dignity....
sooooooo...
somebody made money and somebody lost money - what's the point?
this is what markets are suppose to be like. do you expect everyday to be in the black?
jb
ohhh mannn
Bernanke`s successor is getting prepped for glory.
Jerome Corsi on Coast 2 Coast AM tonight.
maybe but the thing I keep coming back to is that there might be an evolutionary event coming. maybe only the ones wwho cooperate in the struggle will make it or the ones that try to dominate
There is an evolutionary event, and it is indeed already here. It is called Fukushima. Parents will get to see their children develop painful cancers, wilt away, and die. The greatest non-newsworthy event of our time and anyone who goes near it to try to fix it will be killed by skyshine.
I would like to have a fairly reliable geiger counter for Christmas if anyone wants to send me one.
You worry about the wrong things, there is so much more to worry about. At this point in evolution, a geiger counter won't necessarily help you at all. If anything you may die from the stress of thinking you may have something even if the counter was broken. We've become a bunch of frightful bitches really, I'm amazed we even made it this far.
Ask the people of Cornwall if they are all dead yet or the people who live by the Rockies in Denver, the Earth is naturally radioactive especially on or near granite. They get a lot more rads than your measly reactors.
Early yet in the day, but you are in the running for dumbest comment. Well done!
As the stock markets around the world implode, American government leaders from Obama down can only talk about an NSA analyst who revealed the U.S. government is run by criminal eavesdroppers and liars working with presidential immunity. If today is any indication, tomorrow, 25 June, could see a Level 1 circuit breaker triggered at start of trading 9:30 AM. Then we will hear those words Ben Bernanke hates: "BEAR RAID." Meanwhile, Snowden is probably on a charter jet flying to Cuba, the itinerary kept secret to prevent interception by the US Air Force in international waters. What other goodies does Snowden have on his flash drives? Apparently, information about criminal NSA activity, which can only mean involvement in drug stealing or other major non-pardonable crimes. Unpardonable by former Presidents.
on that day I'll be first in line cleaning out my local grocers; it's going to be the greatest finale to so much inevitability
Zero Hedge inspires many a fantasy. (Mostly of black swan crashes) :)
Yeah Judge, I think we will all be surprised once we find out how deep it goes. We all know bits and pieces but much of what we always knew is being confirmed and once the reality sets in I wonder how long it will take for the masses to put an end to the farce of a system it has all become.
Its gotta hurt. Until supply chains are disrupted, I think folks are going to go with the unholy flow and say "Gee, it's too bad our government is like this."
Tell me I am wrong.
http://www.youtube.com/watch?v=ejvyDn1TPr8
Tricky Dick was a better man than the Manchurian Candidate who's up there now
Bowling is also a far nobler sport than basketball
Futures are steady, should be sub 2%neg, last session (nearly) 1% sell off was nothing. China is still piling into USDs, the Fed is still piling into Wall Street.
China will circuit break the Shanghai they won't buy in, looks like a flush out of crap. Dangerous how far this will fall
Im seeing Shanghai now down 5.34%.
All as per plan
When it comes to destruction, communists are number 1, democrats being a distant second
shit.......................
Shanghai coming back strong. Will probably finish flat. House wins, always! Look for US indices to celebrate this as if all is great in the world once again.
I knew it its a reality show about who can print money faster USA CHINA or JAPAN!
Please tell me that you are auditioning for The Comedy Channel. It reminds of a story of a little crippled retarded boy who willed himself to stand up and walk away from his wheelchair. So he stood up and then a "really big" Rottweiler ran up and bit him in the epididymis and shook him violently, very very violently. Eventually the Rottweiler got tired of chewing on the boy and walked away.
What's the point? Actually there was no point. Just wishful thinking on the boy's part that pretty much almost got his nuts torn off.
Bingo! Armageddon kicked down the road once again!
From Yahoo "The People's Bank of China (PBOC) triggered the latest sell-off after it in effect told participants in the Chinese banking system that they would be left to their own devices in handling an apparent liquidity crisis" So, this "Communist Country" embraces capitalism more so than "The Free World" They made the right choice. Let the investor beware and things will sort themselves out.
Just FYI Nikkei is back up above 13000 now.
I like Tai Fook.
More PKO (Price Keeping Operations) in Japan?
If the Nikkei 225 crashes, then consumer confidence crashes, and if that happens then Abenomics is over before it has really begun.
Considering that the Japanese authorities are already 'all-in' in the JGB market, there seems very little reason why they shouldn't also try to prop up the equity markets. It's all or nothing at this point.
http://nipponmarketblog.wordpress.com/