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Japanese Stocks Plunge To 1-Month Lows

Submitted by Tyler Durden on 10/06/2013 22:25 -0400

Despite the screaming surge higher in late Friday trading for Nikkei 225 futures (on the back of the "well they must agree a deal this weekend" exuberance), as cash markets open in Asia, the Nikkei futures are cratering 400 points from the Friday close. The rest of AsiaPac stocks are red but Japan is worst for now. S&P futures have pushed back to overnight lows (down 11 points) and Treasury yields are 2-3bps lower.

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Sun, 10/06/2013 - 22:31 | 4029235 LetThemEatRand

Which Nikkei? I thought Japan grew two stock markets by now. But I guess everything is under control after all.

Sun, 10/06/2013 - 22:46 | 4029268 TruthInSunshine

Can't be happening; Krugman promised that MOAR rabid yen printing under the deft hand of Kuroda-san would cure all that ailed Japan.

Krugman also wrote a hissy fit of an op/ed tonight whereby he is imploring Obama to either ignore Congress and raise the debt ceiling via executive order (which would violate basic Constitutional Law, since the Constitution gives Congress & Congress alone the power to fund government via appropriation), or to revive and implement the "trillion dollar platinum coin" idiocy.

Krugman is always good for comedic relief when Team Retard feels some heat.

Sun, 10/06/2013 - 23:06 | 4029307 Tinky

Speaking of PK, I'm sure that many of you have seen this previously, but damn, it just never gets old...

http://www.youtube.com/watch?v=N8LmE5cfQKA

Sun, 10/06/2013 - 23:35 | 4029355 WillyGroper

OT: But relative. Gold Befuddles Bernanke

http://www.moneyweb.co.za/moneyweb-markets/gold-befuddles-bernanke?sn=20...

I think it's loss of confidence in the Princeton PHD. Taper, no taper

$545B--------SCHWEEEEEEET!

Sun, 10/06/2013 - 23:51 | 4029382 Oh regional Indian

Here is one for the ages ( and bill banzai if he feels so called)...

Ben Shalom Grrrnanke: Taper Tiger

you heard it here first....

;-)

ori

Mon, 10/07/2013 - 01:34 | 4029532 fourchan

this is nothing, compared to a massive nuclear meltdown poisoning the country for the next century.

Mon, 10/07/2013 - 00:52 | 4029486 Renewable Life

Wake me up when Krugman flees the Country!

Otherwise it's just more of the same!

Mon, 10/07/2013 - 06:42 | 4029702 ZippyBananaPants

Dice "you can blindfold them with dental floss"

Sun, 10/06/2013 - 23:02 | 4029302 PeterLemonJello

Quote of the century when remembered by 0'Hedgers in about 5-10 years....

Sun, 10/06/2013 - 22:29 | 4029241 fonzannoon

Until the JGB yields explode higher this is just moar of the same.

Sun, 10/06/2013 - 22:32 | 4029245 Everyman

I really hope one of these goes "bang" and then the cascade failure starts.

Sun, 10/06/2013 - 23:50 | 4029380 Pareto

I want to hear this again: http://www.youtube.com/watch?v=1mC4tu1NhUA

Mon, 10/07/2013 - 04:20 | 4029636 Dudeskis

I was in a hotel in DC that day! Ben had me pacing the room and turning over chairs/tables!

Again! Again! 79s ARE TRADING! MORE HANDLES!

Sun, 10/06/2013 - 22:38 | 4029259 lolmao500

Still a long way from reality.

Sun, 10/06/2013 - 22:40 | 4029261 TruthInSunshine

DT.

Sun, 10/06/2013 - 22:42 | 4029270 HaroldWang

Won't matter. We see this nightly now. Big dips in overnight /ES brings in dip buyers. Ridiculous game but easy to make money on dips. We know how it ends and mkt will love it with a huge, unwarranted rally. Same ol, same ol.

Sun, 10/06/2013 - 23:08 | 4029312 CheapBastard

I am not too worried. At least the dollar is backed up by something solid.....right?

Mon, 10/07/2013 - 01:24 | 4029520 U4 eee aaa

Yes.....the ground

Sun, 10/06/2013 - 23:15 | 4029322 disabledvet

the yen surges...or worse. hmmm. http://en.wikipedia.org/wiki/Kamikaze_(typhoon) no one knows why the Mongols stopped vis a vis Europe either. my personal view is that the plague hitting Western Europe at this time was no accident either. who knew there would be two undiscovered Continents and some dude named Columbus! of course that was still 300 years into the future...

Sun, 10/06/2013 - 23:54 | 4029393 earleflorida

Warning! This is, 'just my opinion'? ,... again, warning-- jmo!!!

Japan should immediately start bilateral-agreements (MOU's) meetings with China... and, forget the past? If not, eventually sooner, rather than later, their future will be a 'Past`Tense du`jour?'

America cares little for Japan--- and holds Europe close to its heart (afterall, the FRBS owner's are all ashkenazi jews?),... say it ain't so?!?

;-)

Mon, 10/07/2013 - 00:01 | 4029401 NOZZLE

That'$ just filling a gap in the chart to make things look like it's a real market. BTFD. And if you really wanna make some money my cousin makes $600 a Sunday cutting up Badger meat into chunks, searing the pieces in sunflower oil, putting that with potatoes and carrots, bay leaves, salt, pepper and thyme into a pressure cooker for 25 minutes and flogging it as beef stew in the parking lot at Bears games to morons.

Mon, 10/07/2013 - 00:09 | 4029416 maskone909

S and p futures hitting low of the sesh

Mon, 10/07/2013 - 01:11 | 4029510 The Heart

We will see more and more "plunges" as the babylonians realize they are in deep doo-doo. The scared one legged chicken is loaded and now more dangerous than ever. The only escape is to take what they can and jump ship, but barring getting off the planet, there is no place to hide from the growing anger and real pursuits of Truth and Justice. Every day more and more light is shined on the evil corruptious monarchy of slime-buckets seeking asylum from the hangman's noose.

Here is what is becoming blaringly apparent in EVERYBODY'S view. Pass this one around folks!:

http://rinf.com/alt-news/breaking-news/congressional-war-criminals-socie...

Mon, 10/07/2013 - 01:17 | 4029513 TaperProof

this shutdown is going to drag on for awhile... probably at least until the debt ceiling deadline.

Mon, 10/07/2013 - 03:00 | 4029589 Non Passaran

Don't know if I should sell some of my short ETF positions before the 17th and re-buy 3 days later or just sit tight...
I am concerned that I'll miss-time it and also that relief rally won't last 3 days :-)

Mon, 10/07/2013 - 03:36 | 4029611 DCon

Futures seem to have a dose of the Monday's

Mon, 10/07/2013 - 04:20 | 4029637 NipponMarketBlog

Perhaps it is finally starting to dawn on the market that Abenomics (at least so far), is mainly an idea, not a reality. And most of the indicators that people interpret as being signs that Abenomics is working(such as CPI), are actually just a direct result of aggresive monetary policy which up to this point has done well for the exporting companies, but very little for everyone else, including the average consumer.

Unless wage inflation begins to take hold (and the signs are not good), Abenomics will most likely fall flat on its face:

http://nipponmarketblog.wordpress.com/2013/10/01/august-cpi-accelerates-...

Mon, 10/07/2013 - 05:44 | 4029673 Zero Point

Kick it.
Hit it.
Yell at it.
BREEEEAK!!!

Mon, 10/07/2013 - 06:00 | 4029679 DCon

Ben will be doing CTRL+P warm up finger exercises this morning

Print? We ain't seen nothing yet!

Mon, 10/07/2013 - 06:23 | 4029683 obelisks

Japan( and the rest of us for that matter ! ) have got much, much more to worry about than where the fucking stock markets are at! Seriously people ..........we have one more month ( NOVEMBER ) to be prepared for the worst.................. because i wouldn't trust TEPCO to repair my car !

https://www.youtube.com/watch?v=Gqz9qDyZ004&feature=player_embedded

Mon, 10/07/2013 - 08:36 | 4029811 Racer

So a Sales Tax is going to make all things wonderful again?

Yeah, give a boost to sales by including the tax in the numbers even though the reality will be that sales have fallen as a direct consequence of the tax!

Mon, 10/07/2013 - 09:43 | 4029981 yogibear

Japan is the US Fed's grand experiment. Print till it crashes. The US is following a similar policy.

Japanese Stocks Plunge To 1-Month Lows

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