This page has been archived and commenting is disabled.

Japanese Stocks Are Crashing As JPY Surges

Tyler Durden's picture




 

No one has any good answers but it seems carry is being unwound in a hurry as US momos are hammered. Whether Draghi's move shocked EURJPY riders enough to spark some major anxiety is unclear but Japanese stocks are now down over 440 points from early highs (to one month lows), US equities at their lows, and USDJPY blown back below 98.00.

 

 

which is odd considering that so many went short last week...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 11/07/2013 - 14:40 | 4131846 replaceme
replaceme's picture

I thought you said homos - that's more non-PC than my folks saying fat, space mongoloids.

Thu, 11/07/2013 - 14:47 | 4131872 TruthInSunshine
TruthInSunshine's picture

Kuroda-san farked up & invested a dozen & a half again quadrillion yen in Tweeter Home Entertainment Group Inc. (THEGQ; formerly known as TWTRQ but changed once "intelligent investors" mistook it for twatter and sent bankrupt stereo & speaker retailer up 1800% in pink sheet trading a few days ago) -
0.05 0.00%

Thu, 11/07/2013 - 14:57 | 4131923 Ying-Yang
Ying-Yang's picture

What he says.... Me luv you longtime.

Thu, 11/07/2013 - 14:59 | 4131957 101 years and c...
101 years and counting's picture

dude.  its all good bro.  just because stocks are 150% over priced and only ramped up on fumes with no actual cash inflows.....

Thu, 11/07/2013 - 14:55 | 4131934 Ying-Yang
Ying-Yang's picture

<--- Fukushima

<--- No... Fuku-shi-ma

Thu, 11/07/2013 - 17:17 | 4132442 Yenbot
Yenbot's picture

Man, I'm glad I bought Twidder (TWD) instead...

Thu, 11/07/2013 - 14:40 | 4131847 HedgeAccordingly
HedgeAccordingly's picture

NKD just dropped 250 points in a few ticks.. 6J rockets.. normal - this coming? --> http://hedge.ly/xGa8XL

Thu, 11/07/2013 - 16:23 | 4132209 Thought Processor
Thought Processor's picture

 

Japan looking shaky, and their equity charts are at a juncture here.  Volitilty should ramp now.  

 

But boy, when they go, they'll go big.

 

Who knows when though.  Their bond market needs crack first.   

 

 

 

Thu, 11/07/2013 - 14:40 | 4131848 Headbanger
Headbanger's picture

IMMANENT IMPLOSION ALERT!   THIS IS NOT A DRILL!

THE US EQUITY MARKET IS ABOUT TO IMPLODE VIOLENTLY!

Thu, 11/07/2013 - 14:42 | 4131865 dick cheneys ghost
dick cheneys ghost's picture

promise?

Thu, 11/07/2013 - 14:49 | 4131899 Headbanger
Headbanger's picture

PLEASE SEEK THE NEAREST CIVIL DEFENSE SHELTER IMMEDIATELY!

YOU ARE THE TARGET!

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

Thu, 11/07/2013 - 14:58 | 4131947 dick cheneys ghost
dick cheneys ghost's picture

told ya........Uncle Sam wants ur stool sample.......

http://www.dailymail.co.uk/sciencetech/article-2487837/Sensors-sewage-tu...

Thu, 11/07/2013 - 14:50 | 4131903 thatthingcanfly
thatthingcanfly's picture

Imminent.

Thu, 11/07/2013 - 15:13 | 4131933 Headbanger
Headbanger's picture

YES!  THAT TOO!   Spell check was turned off it preparation for no spell checkers when they drop the BIG one and there will be no more spell checkers or any checkers of any kind. Even the red and black ones.

It's a brave new world ahead my friends.

http://www.youtube.com/watch?v=ek5vse2_Aq0

You think I was kidding when I said "That's all she wrote!  The crash is here!"

http://www.zerohedge.com/news/2013-10-28/dallas-fed-dumps-19-month-high-...

And: "Woe be unto the doubtful as the tsunami of debt wells up from the deep to crest above the casinos and sweeps away all in its path!

Oh and kiss Obamacare ta ta and stay off the streets after dark."

You  think I'm kidding!?

Thu, 11/07/2013 - 14:40 | 4131851 alphamentalist
alphamentalist's picture

hory clap!

Thu, 11/07/2013 - 14:42 | 4131866 vegas
vegas's picture

No prob, just BTFD. What could possibly go wrong?

 

http://vegasxau.blogspot.com

Thu, 11/07/2013 - 14:47 | 4131884 jubber
jubber's picture

Well done Draghi, you buffoon

Thu, 11/07/2013 - 14:47 | 4131886 TheLooza
TheLooza's picture

I will now undertake a nuanced attempt at BTFD. But first, we whack the carrot.

 

Thu, 11/07/2013 - 14:47 | 4131888 SgtShaftoe
SgtShaftoe's picture

The fukushima radiation will create a mutant army of Mothra and Godzirra to save them any minute now.  Every thing is fine.  Do not worry. 

Thu, 11/07/2013 - 15:07 | 4131991 Headbanger
Headbanger's picture

Could you include any tall  three breasted women along with that idea?  Thanks!

Thu, 11/07/2013 - 14:48 | 4131891 rubearish10
rubearish10's picture

Second large dump today feels like a SACing....

Thu, 11/07/2013 - 14:49 | 4131897 rubearish10
rubearish10's picture

....hmmm is today's ECB rate cut the game changer we'd been looking for???

Thu, 11/07/2013 - 15:10 | 4132002 Headbanger
Headbanger's picture

FUCKING A YES!!     It was the last desperate measure of a now defunct central bank system stupidly admitting it was all over.

Good luck finding any of these central banker types.  (Hint:  try Palau)

Thu, 11/07/2013 - 15:35 | 4132091 rubearish10
rubearish10's picture

ECB action drubs puking verbage rhetoric from the Dragon Draghi mouthpiece!

Thu, 11/07/2013 - 15:59 | 4132193 Headbanger
Headbanger's picture

That's deep dude.  Really deep.  Truth is however... The people are screwed by these pompous elite idiots now. It's all too late. And the media is as guilty for not telling the real truth so the people could prepare.

Thu, 11/07/2013 - 14:50 | 4131901 SheepDog-One
SheepDog-One's picture

Where the fuck is Ol' Yellen! He'll fix it!

Thu, 11/07/2013 - 14:51 | 4131908 fonzannoon
fonzannoon's picture

BTFD

Show me the yen selling off massively while JGB yields blow out and then maybe we got something. Kyle Bass has to be so freakin frustrated.

Thu, 11/07/2013 - 15:06 | 4131987 max2205
max2205's picture

OTC BB CLOSED all day....this is where bids can drop 90% in a microsec

Thu, 11/07/2013 - 14:52 | 4131920 Orly
Thu, 11/07/2013 - 14:54 | 4131925 Kreditanstalt
Kreditanstalt's picture

All this chaos...and yet gold is stll totally broken and non-responsive.

"Minstream market participants" must STILL be chasing yield, desperately, somewhere, anywhere...I guess they HAVE TO, being so hyper-leveraged and all...

Mom'n'Pop armchair mutual fund unvestor needs a swift kick in the pants as a reminder of reality too.

Thu, 11/07/2013 - 14:57 | 4131944 Yen Cross
Yen Cross's picture

   It's almost like someone leaked something? ( that would never happen) The $ is getting slaughtered!

   http://imageshack.com/scaled/large/89/u4v6.png

Thu, 11/07/2013 - 15:30 | 4132070 Al Huxley
Al Huxley's picture

Everything must be sold to raise funds for the TWTR purchases.

Thu, 11/07/2013 - 16:45 | 4132114 PowerPlayer
PowerPlayer's picture

This is a trap to get all the shorts back in today so that they can get slaughtered with a new all time high in the next few days.  

BTFD!

Thu, 11/07/2013 - 15:41 | 4132117 pragmatic hobo
pragmatic hobo's picture

absolute correlation between jpy and entire stock market is unmistakeable ...

Thu, 11/07/2013 - 15:58 | 4132191 rubearish10
rubearish10's picture

....and of course on this rare red day, there's still no way to break passed -20 ES handles. That would be just devasting and I mean disastourous end of the world!

Thu, 11/07/2013 - 16:05 | 4132218 Bold Eagle
Bold Eagle's picture

My take is that tomorrow's NFP report was leaked and it's abysmal... Nevermind, if it was that bad stawks would be rocketing.

Thu, 11/07/2013 - 16:25 | 4132275 rubearish10
rubearish10's picture

...one more Yen spike before close. Caution!

Do NOT follow this link or you will be banned from the site!