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Knocking The Nikkei: Japan Down 500 From Yesterday's Highs

Tyler Durden's picture




 

With the ongoing strength in JPY, Japanese stocks (the highest beta to the previous collapse in the Yen) are crumbling. The Nikkei 225 is now down over 500 points from yesterday's highs and at its "cheapest" to the Dow this week... Still think it's all about China?

 

 

Fun-durr-mentals...

 

Charts: Bloomberg

 

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Thu, 01/23/2014 - 13:43 | 4359446 VD
VD's picture

until S&P at 800 we still jacked and not recoupled with REALITY

Thu, 01/23/2014 - 13:49 | 4359461 Winston Churchill
Winston Churchill's picture

@ S+ P =200 I might consider buying.

Thu, 01/23/2014 - 13:58 | 4359497 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

until S&P at 800 we still jacked and not recoupled with REALITY

When was the last time markets resembled reality?

Thu, 01/23/2014 - 14:18 | 4359588 El Oregonian
El Oregonian's picture

I have no yen for this stock market.

Thu, 01/23/2014 - 13:52 | 4359477 Looney
Looney's picture

VD, I hate to be a bearer of Good Noose, but “Ass’n’Pee Fi-fundred” will be way lower than 800, when all’s said and done.  ;-)

Looney

Thu, 01/23/2014 - 13:48 | 4359456 gjp
gjp's picture

Meanwhile the controlled sell-off in US equities is just that, completely controlled, and ready for the late day ramp.  All while they go mad for bonds.  Whatever, don't think anyone's jumping from windows on Wall Street just yet

Thu, 01/23/2014 - 15:47 | 4359947 DrunkenMonkey
DrunkenMonkey's picture

Portfolio re-balancing after a very profitable year in stawks.

Thu, 01/23/2014 - 14:42 | 4359503 Mi Naem
Mi Naem's picture

"Japan Down 500 From Yesterday's Highs"

Tomollow's Highs - whenever I get up, man, hahahahahahahah.

 

It's a big club, and you ain't in it. 

Thu, 01/23/2014 - 14:15 | 4359583 Yen Cross
Yen Cross's picture

   The DOW is close to it's 50 day avg. also. On my CFD chart it shows 16,012 area. It's probably a little higher on the spot chart.

Thu, 01/23/2014 - 14:29 | 4359643 q99x2
q99x2's picture

Strange coincidence that as JP Morgue runs out of US Gold Reserves to sell the markets take a dump.

Thu, 01/23/2014 - 14:38 | 4359644 q99x2
q99x2's picture

Strange coincidence that as JP Morgue runs out of US Gold Reserves to sell the markets take a dump.

I got the infamous ZH fat finger double click post back.

Reason enough to hope for the return of the snorg tee camel toe ad.

Thu, 01/23/2014 - 15:28 | 4359869 starman
starman's picture

exactly all you beleivers just buy the dip its going to be different this time ! I promise, dow to 4000000 S&P billion one hundred kazzilion! 

youll be all rich and you deserve it cause you earned it!

Thu, 01/23/2014 - 15:30 | 4359882 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Dude, what is/was with the 2 pm stick save on the NASDAQ? Usually we wait until the last hour or 1/2 hour.

Sat, 01/25/2014 - 05:43 | 4366052 shawnmike
shawnmike's picture

Meanwhile the controlled sell-off in US equities is just that, completely controlled, and ready for the late day ramp. All while they go mad for bonds. Whatever, don't think anyone's jumping from windows on Wall Street just yet

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