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Japanese Stocks In Freefall - TOPIX Plunges Almost 5% To 4-Month Lows; Nikkei Down 15% In 2014

Tyler Durden's picture





 

UPDATE: USDJPY has re-tumbled back below 101.00, recoupling with S&P 500 futures from the tried-and-failed attempt to ramp stocks overnight. It seems the short-JPY-driven carry traders have backed away from risk for now, no matter how much the BoJ primes the pump.

Nikkei futures are under 14,000 and down 15% from Dec 31st highs.

 

Despite the hope-driven exuberance exhibited immediately post the Abe/Kuroda show, the USDJPY-pumping stock-momentum fest has ended - abruptly. Japan's Nikkei 225 has lost all its gains and is now trading below US day-session lows (3-month lows) but it is the broader TOPIX index (more akin to the S&P 500) that is collapsing. Down almost 5% on the day (its biggest drop since the May collapse), the TOPIX is at 4-month lows. The TOPIX Real Estate index just hit a bear-market - down 20% from Dec 31st highs. Japanese sell-side shops are in full panic desparation mode as "suggestions" that a sub-14,000 Nikkei will prompt an acceleration of Japan's QQE money-printing idiocy. This is getting ugly fast.

TOPIX collapses to 4-month lows...

As Bloomberg notes, the sell-side is in full panic mode...

Japan’s central bank will probably boost purchases of ETFs as early as this month if Nikkei 225 drops to about 14,000, Hidenao Miyajima, chief strategist at Parnassus Investment Strategies in Tokyo, says in interview.

 

But this won't help as the ramp in USDJPY is not helping...

 

and The TOPIX Real Estate Index is in Bear market territory - down 20% from Dec 31st highs... and 6 month lows...

 

Charts: Bloomberg

 


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Tue, 02/04/2014 - 00:49 | Link to Comment Stoploss
Stoploss's picture

Boy, that escalated quickly.

Tue, 02/04/2014 - 00:52 | Link to Comment TeamDepends
TeamDepends's picture

Sell Mortimoto, SELL!!!

Tue, 02/04/2014 - 00:54 | Link to Comment InjectTheVenom
InjectTheVenom's picture

ruh-roh !

Tue, 02/04/2014 - 00:59 | Link to Comment THX 1178
THX 1178's picture

*Mr. Burns tenting fingers*

"Exccellleentttt..."

Tue, 02/04/2014 - 01:07 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Domo arigato, Krugman-nomics!

Tue, 02/04/2014 - 01:08 | Link to Comment economics9698
economics9698's picture

Adjust the index, problem fixed!!!  /sarc

Tue, 02/04/2014 - 01:11 | Link to Comment Never One Roach
Never One Roach's picture

Roses are Red,

Violets are Blue,

I sold my stocks,

And so sould you!

Tue, 02/04/2014 - 01:16 | Link to Comment Anusocracy
Anusocracy's picture

Everything government touches turns to crap.

-Ringo Starr

Tue, 02/04/2014 - 01:22 | Link to Comment TruthInSunshine
TruthInSunshine's picture

If we have a 3% to 5% drop tomorrow in the "markets," will Jim "Jam" Cramer come out crying, sobbing, and whining about "where is Bernanke?...where is Yellen?...," or is that some ways off?

What about that bald-headed fuck Hank "Tanks In The Streets" Paulson?

Where's Tiny Tim Geithner and the usual suspects?

Tue, 02/04/2014 - 01:34 | Link to Comment The Shootist
The Shootist's picture

Rant " They don't know what it's like out there. Not a clue! We investors need monetary crack dammit!"

Tue, 02/04/2014 - 03:02 | Link to Comment Rick Blaine
Rick Blaine's picture

...and the final score of today's game is...

-610.66 (-4.18%)

WAY more entertaining than the Super Bowl.

Tue, 02/04/2014 - 03:11 | Link to Comment philipat
philipat's picture

So, naturally Gold is DOWN. That really makes sense.

Tue, 02/04/2014 - 07:39 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

In case of emergency.....pound gold down.

 

....and pray.

Tue, 02/04/2014 - 07:58 | Link to Comment new game
new game's picture

gold serves as only one barameter; manipulation index(indicator).

G=MI

Tue, 02/04/2014 - 01:36 | Link to Comment mick_richfield
mick_richfield's picture

Well those guys were probably at Davos, weren't they?

And the markets started tanking about 12 hours after Davos, didn't they?

So what do you think the League of Billionaires might have heard from their shadowy masters at Davos?

What commands were issued?

 

"Pull it."

Tue, 02/04/2014 - 01:47 | Link to Comment spinone
spinone's picture

"OK, one more time, is everybody positioned for the crash?  OK, we'll start it tomorrow."

Tue, 02/04/2014 - 02:33 | Link to Comment wee-weed up
wee-weed up's picture

Release the Kraken!

Tue, 02/04/2014 - 04:09 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

"ok you twerps - youve had 6 months of gold at wholesale to get in the lifeboats, we're flippin the switch in 10, 9, 8..."

Tue, 02/04/2014 - 01:43 | Link to Comment Race Car Driver
Race Car Driver's picture

> What about that bald-headed fuck Hank "Tanks In The Streets" Paulson?

> Where's Tiny Tim Geithner and the usual suspects?

 

They're dead, Jim!

Lol ... jus' kidding. They're so evil, they're fuckin' immortal.

But, man, weren't they the good ol' days? Just before the last remaining shreds of velvet credibility came falling off of the clenched fascist fist?

They say that dying men on the battlefeild cry for Mommy. We all want what is familiar, comforting and sentimental during stressful times and I'm man enough to say, I miss Bill Clinton.

Tue, 02/04/2014 - 01:52 | Link to Comment TeamDepends
TeamDepends's picture

Sheeit, what about the bald gnome Kashkari?  Whose nightmares aren't filled with him?

Tue, 02/04/2014 - 05:28 | Link to Comment MisterMousePotato
MisterMousePotato's picture

I recall when Madelaine Albright came along, thinking, "Who the fuck ever woulda thought we'd miss Warren Christopher?!?"

Tue, 02/04/2014 - 06:01 | Link to Comment icanhasbailout
icanhasbailout's picture

Believe it or not, Kashkari is actually running for Governor of California, no joke.

Tue, 02/04/2014 - 09:53 | Link to Comment quasimodo
quasimodo's picture

Makes perfect sense, that state has no "Kash" to "kari" anyway. Nevertheless, if he sucks a good moonbeam then I suppose favors will be returned.

 

Tue, 02/04/2014 - 02:07 | Link to Comment Oh regional Indian
Oh regional Indian's picture

"Just before the last remaining shreds of velvet credibility came falling off of the clenched fascist fist?"

In here amongst comments, gems.....

ori

Tue, 02/04/2014 - 01:46 | Link to Comment indygo55
indygo55's picture

Where's Tiny Tim Geithner and the usual suspects?

 

I know. It was so much more interesting the last time.


Tue, 02/04/2014 - 11:52 | Link to Comment Four chan
Four chan's picture

paulson did his dastardly deed and promptly retired with a few billion dollar pay check.

Tue, 02/04/2014 - 02:33 | Link to Comment Quantum Nucleonics
Quantum Nucleonics's picture

Uh, Timmy is working for Warburg Pincus.  Who is to say he didn't trigger the selloff so his bosses could pick up some companies on the cheap to run through the private equity machine.

Tue, 02/04/2014 - 02:54 | Link to Comment Meat Hammer
Meat Hammer's picture

Using fake money to pump the stock market up to all-time highs, ensuring that you have plenty of profits with which to buy all of the real assets whose values will be crushed when you pull the drain plug.

Priceless.  No, really, it cost them nothing.

For every(body)thing else there's FEMA camp.

 

Tue, 02/04/2014 - 07:23 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Post of 2014. Meat Hammer knows how to cut the meat from the bone

bit like Mickey Dee. It really is meat on Drugs. 

up size and die

Best and most awake moment  since this place was a blog

Hammer away until all wake the fuck up.. It cost nothing but all you worked for. fucking insane from Down under.

Word!,,,,,

Tue, 02/04/2014 - 07:26 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

So, here's what I see as an example of the Fed. You are given unlimited funds every day at 8am. You can go to the casino and play all day. At 8pm, you must cash out. You are allowed to keep the 'profits' of everything above what you borrowed. Any losses are just wiped clean.

I am correct on this analogy? From a .Fed/.Gov/banking perspective what are the downside risks? None? For every other joe smoe out there, what are the risks? INFLATION.....because in this analogy the unlimited funds aren't free...

The system is corrupted and the market is gamed. Why would any logical person walking into this Casino?

Tue, 02/04/2014 - 08:05 | Link to Comment new game
new game's picture

patience is king, then cash as deflation is unstoppable when the majority are broke and up to debt to their bald head or dyed hair. humans are fucking stupid. just be a little smarter and wait to pounce on opportunity...it be happening.

Tue, 02/04/2014 - 01:17 | Link to Comment Rick Blaine
Rick Blaine's picture

I freely admit I don't know jack shit about long term "technicals" and stuff...

...but after taking another look at the Nikkei since 1990, it's interesting that the policy makers in Japan have been fighting deflation since then...and since then the Nikkei has consistently made lower and lower "highs."

...and that pattern seems to be holding true...at least as of right now.

 

Tue, 02/04/2014 - 01:29 | Link to Comment TeamDepends
TeamDepends's picture

Brother please, if we have learned anything in our fifteen years on this planet, it is that you should never freely admit to anything on the interweb.

Tue, 02/04/2014 - 06:02 | Link to Comment Bohm Squad
Bohm Squad's picture

I can see how that statement may or may not be true!

Tue, 02/04/2014 - 06:53 | Link to Comment Zero Point
Zero Point's picture

Nonsense. I for example, am an 8 foot ninja.

My sensei Mr Miyagi looked very perturbed this morning as I waxed his car.....

Tue, 02/04/2014 - 06:05 | Link to Comment Pig Circus
Pig Circus's picture

Roses are Red,

Violets are Blue,

Bernanke's a cunt and Yellen also.

Tue, 02/04/2014 - 04:56 | Link to Comment Wahooo
Wahooo's picture

Scotty, more intangibles, NOW!

Tue, 02/04/2014 - 08:01 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I'm trying as hard as I can Jim.....the place is flooded with radiation.

 

Better get Spock up here.

Tue, 02/04/2014 - 04:59 | Link to Comment BringOnTheAsteroid
BringOnTheAsteroid's picture

When Scooby Doo is in the market it is time to get the hell out.

Tue, 02/04/2014 - 01:06 | Link to Comment Vice
Vice's picture

Wait, I thought everyone was in agreement that bad news was good news. I just got used to this new normal, and now they go and pull the rug out from under everyone again. 

 

Those fuckers. 

Tue, 02/04/2014 - 01:42 | Link to Comment disabledvet
disabledvet's picture

actually if you're a true contrarian this is exactly what you're waiting for.

"Been hiding out in a rock and roll band."

I'm not saying "buy" but certainly this is when the planning phase begins. One way to begin your planning phase is to imagine what the other like minded "planners" who actually...in theory...have the ability to act on those plans are up to.

The key is to have at least a minimum grasp of reality...hence "Zorro Hedge" as your "anchoring heuristic."

Tue, 02/04/2014 - 07:45 | Link to Comment negative rates
negative rates's picture

Yea we know about grasping things. Like why would your like minded others need to know your like minded plans?

Tue, 02/04/2014 - 01:07 | Link to Comment Renewable Life
Renewable Life's picture

I'll be stunned if the Nikkei isn't down 4.5% and blows thru 14,000!!!

Little over hour and a half left in trading and were down 550 and accelerating!!

DOW will smash thru the 15000 level before the open at this rate, we could be seeing 500-750 off tomorrow, unless of course Grandma Yellen wants to start jaw boning!!! But I think she wants to feel needed, so why not wait until there is blood running down the streets on WS!

Tue, 02/04/2014 - 01:10 | Link to Comment TeamDepends
TeamDepends's picture

Isn't there a jobs report on Friday?  That should right the ship....

Tue, 02/04/2014 - 01:21 | Link to Comment HulkHogan
HulkHogan's picture

US markets are up right now. Forget about a 500 point drop.

Tue, 02/04/2014 - 08:17 | Link to Comment new game
new game's picture

what you have is unlimited funds vs ma and pa.

my bet is a floor will be establish at a 2.5 handle...

keep the train on the tracks-all aboard-buy the fucking dip.

yellen the conductor, says pomo down the tracks-all good!

zirpped yet?

Tue, 02/04/2014 - 02:10 | Link to Comment Zgangsta
Zgangsta's picture

Ha! You lose!  The Nikkei closed several points above 14,000!

Tue, 02/04/2014 - 03:08 | Link to Comment Renewable Life
Renewable Life's picture

Yep, glad I didn't have money on it!!!
Lol
But all 14,000 means is, they hung in there at this level for another day, just hoping and praying that Grandma Yellen will "say something" and save their world!!! My gut instinct on that is, she'll be a fickler bitch then that push over, panty waste Ben!

Grandma has some latitude here, to let a little air out of this bubble Ben blew and orchestrate a more solid position! She has her number, and trust me, it's not anywhere near 15,300!! It's probably closer to 12,300, then she can still be "your savior" and "pause" the taper, and try to put a floor in this bitch!

But the market is going to give Grandma a fucking ass kicking on this one, IMO, they won't stop the self inflicted blood bath until, the announcement is........."Grandma halts taper, and expands QE to 100 billion a month". Anything less, and the market is ready to go full retard, and get suicidal if need be!!! The drug addict doesn't give a shit about being rational, they want their fucking fix.........NOW!

Tue, 02/04/2014 - 07:37 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Refer to Meat Hammer about 10 posts above. Clarity is a cold bitch. If its a free meal, your paying. Bubbles burst and there is nothing but a bang, followed by WTF? 

Tue, 02/04/2014 - 08:22 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Yep, glad I didn't have money on it!!!

 

Neither did I. Who is crazy enough to do that?

Tue, 02/04/2014 - 02:34 | Link to Comment Wile-E-Coyote
Wile-E-Coyote's picture

I'm only watching from the sides......... I just got splattered with blood......my best shirt too.

Tue, 02/04/2014 - 01:45 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Bric killed a guy! Bric I've been meaning to tell you... You might want to find a safe house and lay low for a while. You're probably wanted for murder.

Tue, 02/04/2014 - 02:09 | Link to Comment G.O.O.D
G.O.O.D's picture

Tiiiiimmmmmmbbbbeeeeeerrrrrrrr...

b

i

t

c

h

z

Tue, 02/04/2014 - 05:13 | Link to Comment slaughterer
slaughterer's picture

It is getting near "extraordinary action of the coordinated central banks of the world" overnight news.  To keep the bubble from popping.  

Tue, 02/04/2014 - 07:55 | Link to Comment Bangin7GramRocks
Bangin7GramRocks's picture

It's all so much like WWE wrestling. Everyone will be worked up into a lather about the crash. The central banks will have a meeting, announce an extraordinary intervention and the markets of the world will shoot right back to record highs. Nothing to see here folks, move along.

Tue, 02/04/2014 - 07:41 | Link to Comment negative rates
negative rates's picture

That's what happens when they don't flip your bonds and instead buy energy, it's cold out there man.

Tue, 02/04/2014 - 00:51 | Link to Comment fonestar
fonestar's picture

You like your 2% target inflation?  You got it!

Tue, 02/04/2014 - 00:52 | Link to Comment Charles Nelson ...
Charles Nelson Reilly's picture

Just went from 2% to 1000%. The Japanese central bank says "you're welcome"

Tue, 02/04/2014 - 02:04 | Link to Comment Rock On Roger
Rock On Roger's picture

Tryin' to grow the green, eh foney?

 

Stack On

Tue, 02/04/2014 - 00:50 | Link to Comment VD
VD's picture

amazing this (Q)QE nonsense after repeated structural failure and no actual productivity, CAPEX, etc == when do these sociopathic delusional neo-keynesians learn¿¿¿ allow me: when the next crash decimates all...

Tue, 02/04/2014 - 00:54 | Link to Comment NoDebt
NoDebt's picture

Use a stronger word than decimate.  Decimate only means a 10% loss.

 

Tue, 02/04/2014 - 01:03 | Link to Comment VD
VD's picture

whatz 60% word¿

Tue, 02/04/2014 - 01:06 | Link to Comment Vice
Vice's picture

Bernanked?

Tue, 02/04/2014 - 01:12 | Link to Comment TruthInSunshine
TruthInSunshine's picture

It's so coincidental that the inside money is short positioned and deploying those positions the literal minute The Bernank makes his inglorious, slithering exit.

Tue, 02/04/2014 - 08:38 | Link to Comment goldinpenguin
goldinpenguin's picture

he'll look like Superman if the crash continues in his wake, guess YELLEN won't be 2014 Time man of the year 

Tue, 02/04/2014 - 07:45 | Link to Comment negative rates
negative rates's picture

Bernanked and spanked.

Tue, 02/04/2014 - 01:07 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Heximate?

 

 

Tue, 02/04/2014 - 01:09 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Checkmate!

 

Tue, 02/04/2014 - 01:25 | Link to Comment THX 1178
THX 1178's picture

SexyMate...

Tue, 02/04/2014 - 01:39 | Link to Comment mick_richfield
mick_richfield's picture

Hexadecimate?

Or would that just apply to computer people?

Tue, 02/04/2014 - 00:54 | Link to Comment chump666
chump666's picture

Anyone watching the AUD...crazy flows. central bank jawbone to keep the aussie afloat.  While Asia blows up.

Tight.

Tue, 02/04/2014 - 01:03 | Link to Comment shitco.in
shitco.in's picture

audusd and audjpy are looking interesting

Tue, 02/04/2014 - 01:19 | Link to Comment chump666
chump666's picture

the machines and suckers are trying to take it 89.  Japan blowing up thanks to the BoJ MoF losing control 'japan recoverying'  lol

pure chaos unfolding.  you gotta love it.  oh the aud, we get a crash on open.  should slaughter the aud. 

if we get a crash...

Tue, 02/04/2014 - 01:20 | Link to Comment 1000924014093
1000924014093's picture

AUDJPY is up 1.66. Wow.

Tue, 02/04/2014 - 00:56 | Link to Comment Mike in GA
Mike in GA's picture

The proverbial liquidity trap leading straight to the End of Keynesian Policy As We Know It.  Coming to a country near us, soon.  Hope you got your garden seed ready to plant.  Gonna be a long, hot summer.

Tue, 02/04/2014 - 01:17 | Link to Comment HardlyZero
HardlyZero's picture

California will be using Costco water bottles to water the lawn and run the garden.  Can't wait.

Tue, 02/04/2014 - 05:02 | Link to Comment Wahooo
Wahooo's picture

Broccolis already sprouting in fact. Neighbors will eat well this year.

Tue, 02/04/2014 - 00:55 | Link to Comment NoDebt
NoDebt's picture

Since 2008 only one thing truly scares the financial world- the risk of counterparty default/contagion.  Not sure if we're there yet, but I'm pretty sure I can see it from here.

Tue, 02/04/2014 - 04:13 | Link to Comment mt paul
mt paul's picture

is contagion over by 

north catastrophe ..

Tue, 02/04/2014 - 07:48 | Link to Comment negative rates
negative rates's picture

Just like you could see "08".

Tue, 02/04/2014 - 00:57 | Link to Comment chump666
chump666's picture

As a reminder for the students of the 1987 crash.  Asia blew apart first.

Tue, 02/04/2014 - 01:17 | Link to Comment Mike in GA
Mike in GA's picture

Kyle Bass said 3-4 years ago that Japan would go first due to its (now) 230% debt/GDP ratio.  His thesis then had the EU on the Keynesian ropes within 2 years of Japan then the US. 

Seems like the domino effect would take everyone down simultaneously once defaults begin so I don't get the lag from continent to continent.  Looks like the fire's started, though.  Should be some history written here soon.

Tue, 02/04/2014 - 01:22 | Link to Comment chump666
chump666's picture

I always believed it was Asia that would set things off first, not the middle east, Europe etc.  America relied on it's to major creditors Japan and China to finance with cheap dollars.  The writing is on the wall, ZH posted the China gold hording months ago, Japan went insane with Abe etc etc etc.  Bass is right.

 

Tue, 02/04/2014 - 05:07 | Link to Comment Wahooo
Wahooo's picture

We're only an election away from installing new leaders who will enforce fiscal restraint and set the stage for a generation of real economic growth.

(how pathetic)

Tue, 02/04/2014 - 04:49 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

flight of capital from asia to safe haven treasuries might enable the US to stave it off a while longer. but over 2 years? i dunno

Tue, 02/04/2014 - 01:31 | Link to Comment Droel
Droel's picture

As a reminder for the policy makers, Read Your History Books!!!!

Tue, 02/04/2014 - 01:02 | Link to Comment FieldingMellish
FieldingMellish's picture

Can't be a lot of PM in margin accounts as they have barely budged so far.

Tue, 02/04/2014 - 01:48 | Link to Comment disabledvet
disabledvet's picture

those nukers are running FLAT OUT right now.

Tue, 02/04/2014 - 07:49 | Link to Comment negative rates
negative rates's picture

I don't think you've ever seen FLAT OUT, at least that 's what you portraid.

Tue, 02/04/2014 - 01:04 | Link to Comment valkir
valkir's picture

Burn Babylon,burn...

Tue, 02/04/2014 - 01:43 | Link to Comment mick_richfield
mick_richfield's picture

By the rivers of Babylon, there we sat down, yea, we wept, when we remembered Zion.

Tue, 02/04/2014 - 09:41 | Link to Comment Wen_Dat
Tue, 02/04/2014 - 01:08 | Link to Comment Seasmoke
Seasmoke's picture

We are going to find out the real meaning of ZeroHedge.

Tue, 02/04/2014 - 01:28 | Link to Comment earleflorida
earleflorida's picture

:-)

Tue, 02/04/2014 - 07:49 | Link to Comment negative rates
negative rates's picture

It's the place you go when you want to hang out with the zero's Moe

Tue, 02/04/2014 - 01:11 | Link to Comment The Shootist
The Shootist's picture

Seen it before.

Tue, 02/04/2014 - 01:21 | Link to Comment Race Car Driver
Race Car Driver's picture

It happens all the time.

Tue, 02/04/2014 - 03:07 | Link to Comment knowshitsurelock
knowshitsurelock's picture

Closing the door you leave the world behind...

Tue, 02/04/2014 - 04:57 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

LOL c'mon ZHers, gotta pay that

Tue, 02/04/2014 - 01:13 | Link to Comment starman
starman's picture

Theres alwaya a way out for Japan ! Harakiri or Kamikaze!

Tue, 02/04/2014 - 01:16 | Link to Comment TruthInSunshine
TruthInSunshine's picture

There are a lot of noobs who don't truly understand what a freefall day is, where the stop-losses get blown out AND EXECUTED at a spread on a bid that is 50% of the ASK - I saw this shit routinely back in 2008.

With the record margin debt in play, we approach deja vu all over again, bitchez.

Tue, 02/04/2014 - 01:19 | Link to Comment Money Squid
Money Squid's picture

plunge protection team will intervene to control a significant changes. Any significant downward moves are allowed, otherwise the circuit breakers are thrown until the shit is under control. Don't worry, its manipulated.

Tue, 02/04/2014 - 01:24 | Link to Comment seek
seek's picture

Circuit breakers every day for a month is going to attract some attention, no?

Tue, 02/04/2014 - 01:30 | Link to Comment wretch
wretch's picture

Only on a couple anonymous internet sites.  Don't worry about it.

Tue, 02/04/2014 - 03:05 | Link to Comment Meat Hammer
Meat Hammer's picture

plunge protection team will intervene to control a significant changes.

Unless plunge is the plan...

Tue, 02/04/2014 - 03:08 | Link to Comment satoshi911
satoshi911's picture

I'm curious that ZH didn't post the new SCHIFF story today that YELLEN will raise QE to $100billion/month.

It's telling what they fail to dump on ZH.

Tue, 02/04/2014 - 03:14 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Yellen will need to raise QE to 160 billion a month, and even that may now bump into the intractable laws of diminishing returns (pun intended).

Tue, 02/04/2014 - 04:53 | Link to Comment satoshi911
satoshi911's picture

I agree, but still nobody has replied why ZH has not posted this new 'bombshell', I always that thought that everytime Schiff dumped a shit, that ZH captured and reported the play.

I guess this story doesn't fit today's narrative,... need more 'sky is falling', then ZH let's its readers know that Schiff say's  the "White Horse" has arrived, to lead you all out of darkness.

FUCK-YES I follow the FIAT to INFINITE school for the entire earth,

Until the IMF-SDR goes live the USA via the FED will be funding everyfucking leaky dam on earth that includes, euroland, china, russia, india,

I don't see them help JAPAN, they seem to have figured out how to create infinite money themselves. Maybe in 2007 Japan was shy about FIAT, but they seem to be following the USA model.

*

I want some SCHIFF :)

 

Tue, 02/04/2014 - 05:22 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

if yellen farted in public the MSM would be all over it let alone Schiff

ZH probably wont cover it until its confirmed

they excercised caution last week with 'explosive news' and were vindicated coz it turned out to be bullshit

more authiratative eyes are following ZH these days so i understand their reluctance

Tue, 02/04/2014 - 05:35 | Link to Comment Kina
Kina's picture

satoshi911

Seems like all your posts are for the purpose of slagging off at ZH.

 

Is that your purpose for being here, to attack ZH?

Tue, 02/04/2014 - 05:09 | Link to Comment Wahooo
Wahooo's picture

The one where Schiff is referred to as an economist? LOL

Tue, 02/04/2014 - 01:45 | Link to Comment TheRideNeverEnds
TheRideNeverEnds's picture

Someone needs to go tell that to nat gas, shit is bananas, they even hiked the margin in there and its still going.

 

Thanks Obama!

Tue, 02/04/2014 - 02:17 | Link to Comment G.O.O.D
G.O.O.D's picture

Obama? WTF you blaming the O man? He is just temporary office help, and no way in hell does he run things.

Tue, 02/04/2014 - 04:40 | Link to Comment Global Hunter
Global Hunter's picture

Obama the gay cork snorting child droning puppet. 

Tue, 02/04/2014 - 01:31 | Link to Comment fuu
fuu's picture

"Japan’s central bank will probably boost purchases of ETFs", Tony Montana said from behind a huge mound of coke.

Tue, 02/04/2014 - 01:48 | Link to Comment jonjon831983
jonjon831983's picture

Doomed to failure as foreshadowed.  He shouldn't have gotten high on his own supply.

Tue, 02/04/2014 - 01:49 | Link to Comment larry david
larry david's picture

I've said for at least 3 years that eventually things will get verrry interesting when a major central bank announces new stimulus such as Fed increasing QE and the markets go DOWn, not up. What will they do if they un taper and the Dow falls 500 the same day?

Tue, 02/04/2014 - 01:57 | Link to Comment Yen Cross
Yen Cross's picture

        
Nikkei 225    14,046.50    14,619.13    14,621.00    14,046.50    {-572.63}    -3.92%    5:50:54

Tue, 02/04/2014 - 02:02 | Link to Comment hmmmstrange
hmmmstrange's picture

 

14,016.75
14,008.47

Tue, 02/04/2014 - 02:57 | Link to Comment satoshi911
satoshi911's picture

JPY & AUD SKYROCKET

I like it all the stocks markets in the world are FULL RED,

The ONLY CURRENCY GREEN is JPY & AUD

 

YEH,... RIGHT ON

Fuck this talk about EM being dead, ... now real corrections are taking place.

*

WHere is the SCHIFF story today, about YELLEN taking QE to $100 Billiion a month ASAP??

Why has ZH not posted this story?

Tue, 02/04/2014 - 02:12 | Link to Comment mobydick
mobydick's picture

Why the fuck is the Aus$ and JapY up?????

Tue, 02/04/2014 - 02:22 | Link to Comment Julian
Julian's picture

wow..and us futures still green

Tue, 02/04/2014 - 02:51 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Are.... arbitrage interest rates. Aud= 2.5% cash... Jap Y vapour % offering. good income to be made if you hedge against AUD Decline ( and bet that it will on the side).

Tue, 02/04/2014 - 05:24 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

the RBA were talking today about raising rates - rather than the expected further easing

Tue, 02/04/2014 - 05:36 | Link to Comment Kina
Kina's picture

Reality will change quickly in Australia and the RBA will find themselves thinking of reducing rates to avert a housing bubble burst...

Tue, 02/04/2014 - 06:55 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

tru dat

Tue, 02/04/2014 - 08:09 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Kina, as much as your a bro to me, Even NZ has said it's up. Hat check aisle 3. They know they have cut too far, Inflation is well above target, even with the Bull. Like everywhere the US Dollar is our currency and Your problem. Its up or its over, get real bro. bet accordingly / sarc tag would be good, this is getting really silly . Be a Harpuka and dive deep, and yes You have never eat a fish so good. $45 a mouthfull and so worth it. Trust me Bro, we will survive.

Tue, 02/04/2014 - 02:26 | Link to Comment ThroxxOfVron
ThroxxOfVron's picture

Right to the brink of the declared level of BOJ intervention...

Tue, 02/04/2014 - 02:29 | Link to Comment ThirdCoastSurfer
ThirdCoastSurfer's picture

Does anybody ever really lose money in these total freefalls? Where are the bodies? Every 100 point drop in the DOW alone is a trillion. A trillion, I repeat, a trillion.  On the way up it's all well and fine and theoretical profit on mark-to-market, but on the way down it's leveraged hemmorage and margin call madness but then the banks report a quarter without a trading loss and they own 80% of all equities.  We may have lost our perpective on what a trillion actually is, but it's real and it's enormous. There are 12 trailing zeros for cripes sake. 1,000,000,000,000 What gives?

Tue, 02/04/2014 - 05:52 | Link to Comment Binko
Binko's picture

A trillion off artificially jacked-up paper profits is not "real". It's not real going up and it's not real going down.

The only thing that's real is the money you spend when you buy in and the money you get back when you sell out.

Tue, 02/04/2014 - 02:31 | Link to Comment Yen Cross
Yen Cross's picture

   Looks the PPT piled into the 10year JGB a little while ago. Because you to can own Japanese toilet paper and earn an whopping 60 basis points on your investment.

 19:45       JPY         10-Year JGB Auction     {0.596% }          0.719%     

Tue, 02/04/2014 - 02:42 | Link to Comment Haager
Haager's picture

Debasement-adjusted? 

Tue, 02/04/2014 - 02:39 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Why I see diaper ads on Zerohedge?

Tue, 02/04/2014 - 05:16 | Link to Comment BringOnTheAsteroid
BringOnTheAsteroid's picture

Because when this calamity unfolds we're all going to shit ourselves.

Tue, 02/04/2014 - 07:13 | Link to Comment AGAU
AGAU's picture

Those Herbalife Soylent Shakes are tough on the body.

Tue, 02/04/2014 - 02:41 | Link to Comment pitz
pitz's picture

Japan may not have a high stock market, but they have SUKI (tm), The New World Religion (tm), a major international religion with "over 3 million members". 

Tue, 02/04/2014 - 02:46 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

In the timeless words of my former realtor and broker: "It's almost always a good time to buy. Just BTFD!"

Tue, 02/04/2014 - 03:58 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Does he sell Herbalife kelp shakes, now?

Tue, 02/04/2014 - 04:09 | Link to Comment mt paul
mt paul's picture

nuked...

Tue, 02/04/2014 - 03:57 | Link to Comment Iam Yue2
Iam Yue2's picture

Yen is following equities for now. The correlation is dead. Long live the correlation and roll on the consumption tax.

When it all falls apart Abe is going to have no choice but to go to war with China.

Tue, 02/04/2014 - 05:14 | Link to Comment Wahooo
Wahooo's picture

I doubt expansionism is in the books for our future, more likely atrophy as nations stop trading and fighting with one another, locked down by global deflation. A peaceful desperation for our sons and daughters.

Tue, 02/04/2014 - 08:21 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Well thats not a bad plan.Circle the Waggons. It pisses off the Indians. But youse got to shoot all of the fuckers or they be back. Just saying, they keep a coming even when you think you have all of the fuckers cold. 

Tue, 02/04/2014 - 04:31 | Link to Comment mrmister
mrmister's picture

Looks like it has begun. The question is how long does it take?

IN OTHER NEWS.

I noticed that the web monitoring system shows extreme hacking again tonight against the US internet. The only place in the world that is red is America. THE ENTIRE COUNTRY. Showed a -45% "Below Average" that use to read "Above average". So to stop spooking people they made it below average. Then they used - negative. So if it was really below average it would show 45% below not -45% below. Last time this happened a few weeks ago, IT guys on another board were freaking out. I barely got in here to write this because can't access much at all and this was after several attempts.

 

WEB MONITOR

http://www.akamai.com/html/technology/dataviz1.html

Tue, 02/04/2014 - 04:13 | Link to Comment The Heart
The Heart's picture

All's quiet on the western front...the Asian markets are deep in the RED!

http://www.allstocks.com/markets/World_Charts/Asian_Stock_Markets/asian_...

 

 

Tue, 02/04/2014 - 04:27 | Link to Comment q99x2
q99x2's picture

Conjouring the ChairSatan.

Central Banking is failing dumbfuck.

Tue, 02/04/2014 - 05:18 | Link to Comment Wait What
Wait What's picture

so THIS is what trading in 2008 was like!?! a guy can get used to this.

Tue, 02/04/2014 - 06:59 | Link to Comment fijisailor
fijisailor's picture

CNN is calling it a regional meltdown.  Yellen bucks will continue to try and prop up the west.  Maybe those dead bankers were trying to bail out.

Tue, 02/04/2014 - 07:07 | Link to Comment gatorengineer
gatorengineer's picture

look up in the air, its a bird, its a plane.....  ITS LEW the Yew, in two plus hours......  markets jones en bad..... lets see what he does.

Tue, 02/04/2014 - 07:15 | Link to Comment bubblemania
bubblemania's picture

Bullish!

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