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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 | 4399005 Stoploss
Stoploss's picture

Boy, that escalated quickly.

Tue, 02/04/2014 - 00:52 | 4399012 TeamDepends
TeamDepends's picture

Sell Mortimoto, SELL!!!

Tue, 02/04/2014 - 00:54 | 4399021 InjectTheVenom
InjectTheVenom's picture

ruh-roh !

Tue, 02/04/2014 - 00:59 | 4399040 THX 1178
THX 1178's picture

*Mr. Burns tenting fingers*


Tue, 02/04/2014 - 01:07 | 4399060 TruthInSunshine
TruthInSunshine's picture

Domo arigato, Krugman-nomics!

Tue, 02/04/2014 - 01:08 | 4399067 economics9698
economics9698's picture

Adjust the index, problem fixed!!!  /sarc

Tue, 02/04/2014 - 01:11 | 4399076 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 | 4399082 Anusocracy
Anusocracy's picture

Everything government touches turns to crap.

-Ringo Starr

Tue, 02/04/2014 - 01:22 | 4399098 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 | 4399123 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 | 4399284 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 | 4399299 philipat
philipat's picture

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

Tue, 02/04/2014 - 07:39 | 4399504 GetZeeGold
GetZeeGold's picture



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


....and pray.

Tue, 02/04/2014 - 07:58 | 4399529 new game
new game's picture

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


Tue, 02/04/2014 - 01:36 | 4399126 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 | 4399141 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 | 4399247 wee-weed up
wee-weed up's picture

Release the Kraken!

Tue, 02/04/2014 - 04:09 | 4399346 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 | 4399134 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 | 4399154 TeamDepends
TeamDepends's picture

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

Tue, 02/04/2014 - 05:28 | 4399420 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 | 4399446 icanhasbailout
icanhasbailout's picture

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

Tue, 02/04/2014 - 09:53 | 4399743 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 | 4399191 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.....


Tue, 02/04/2014 - 01:46 | 4399143 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 | 4400241 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 | 4399248 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 | 4399279 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 | 4399487 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.


Tue, 02/04/2014 - 07:26 | 4399490 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 | 4399540 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 be happening.

Tue, 02/04/2014 - 01:17 | 4399087 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 least as of right now.


Tue, 02/04/2014 - 01:29 | 4399117 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 | 4399448 Bohm Squad
Bohm Squad's picture

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

Tue, 02/04/2014 - 06:53 | 4399466 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 | 4399449 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 | 4399397 Wahooo
Wahooo's picture

Scotty, more intangibles, NOW!

Tue, 02/04/2014 - 08:01 | 4399523 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 | 4399399 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 | 4399055 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 | 4399135 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 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 | 4399510 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 | 4399056 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 | 4399074 TeamDepends
TeamDepends's picture

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

Tue, 02/04/2014 - 01:21 | 4399100 HulkHogan
HulkHogan's picture

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

Tue, 02/04/2014 - 08:17 | 4399549 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 | 4399194 Zgangsta
Zgangsta's picture

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

Tue, 02/04/2014 - 03:08 | 4399294 Renewable Life
Renewable Life's picture

Yep, glad I didn't have money on it!!!
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 | 4399500 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 | 4399557 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 | 4399249 Wile-E-Coyote
Wile-E-Coyote's picture

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

Tue, 02/04/2014 - 01:45 | 4399139 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 | 4399193 G.O.O.D
G.O.O.D's picture








Tue, 02/04/2014 - 05:13 | 4399407 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 | 4399521 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 | 4399507 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 | 4399006 fonestar
fonestar's picture

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

Tue, 02/04/2014 - 00:52 | 4399013 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 | 4399174 Rock On Roger
Rock On Roger's picture

Tryin' to grow the green, eh foney?


Stack On

Tue, 02/04/2014 - 00:50 | 4399007 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 | 4399015 NoDebt
NoDebt's picture

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


Tue, 02/04/2014 - 01:03 | 4399049 VD
VD's picture

whatz 60% word¿

Tue, 02/04/2014 - 01:06 | 4399059 Vice
Vice's picture


Tue, 02/04/2014 - 01:12 | 4399078 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 | 4399585 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 | 4399513 negative rates
negative rates's picture

Bernanked and spanked.

Tue, 02/04/2014 - 01:07 | 4399063 Pool Shark
Pool Shark's picture






Tue, 02/04/2014 - 01:09 | 4399064 Pool Shark
Pool Shark's picture





Tue, 02/04/2014 - 01:25 | 4399108 THX 1178
THX 1178's picture


Tue, 02/04/2014 - 01:39 | 4399128 mick_richfield
mick_richfield's picture


Or would that just apply to computer people?

Tue, 02/04/2014 - 00:54 | 4399023 chump666
chump666's picture

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


Tue, 02/04/2014 - 01:03 | 4399051's picture

audusd and audjpy are looking interesting

Tue, 02/04/2014 - 01:19 | 4399090 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 | 4399097 1000924014093
1000924014093's picture

AUDJPY is up 1.66. Wow.

Tue, 02/04/2014 - 00:56 | 4399025 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 | 4399088 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 | 4399400 Wahooo
Wahooo's picture

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

Tue, 02/04/2014 - 00:55 | 4399026 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 | 4399351 mt paul
mt paul's picture

is contagion over by 

north catastrophe ..

Tue, 02/04/2014 - 07:48 | 4399514 negative rates
negative rates's picture

Just like you could see "08".

Tue, 02/04/2014 - 00:57 | 4399028 chump666
chump666's picture

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

Tue, 02/04/2014 - 01:17 | 4399089 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 | 4399101 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 | 4399404 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 | 4399391 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 | 4399118 Droel
Droel's picture

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

Tue, 02/04/2014 - 01:02 | 4399043 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 | 4399144 disabledvet
disabledvet's picture

those nukers are running FLAT OUT right now.

Tue, 02/04/2014 - 07:49 | 4399516 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 | 4399047 valkir
valkir's picture

Burn Babylon,burn...

Tue, 02/04/2014 - 01:43 | 4399137 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 | 4399712 Wen_Dat
Tue, 02/04/2014 - 01:08 | 4399062 Seasmoke
Seasmoke's picture

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

Tue, 02/04/2014 - 01:28 | 4399113 earleflorida
earleflorida's picture


Tue, 02/04/2014 - 07:49 | 4399517 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 | 4399073 The Shootist
The Shootist's picture

Seen it before.

Tue, 02/04/2014 - 01:21 | 4399094 Race Car Driver
Race Car Driver's picture

It happens all the time.

Tue, 02/04/2014 - 03:07 | 4399291 knowshitsurelock
knowshitsurelock's picture

Closing the door you leave the world behind...

Tue, 02/04/2014 - 04:57 | 4399398 Squid-puppets a...
Squid-puppets a-go-go's picture

LOL c'mon ZHers, gotta pay that

Tue, 02/04/2014 - 01:13 | 4399080 starman
starman's picture

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

Tue, 02/04/2014 - 01:16 | 4399083 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 | 4399092 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 | 4399106 seek
seek's picture

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

Tue, 02/04/2014 - 01:30 | 4399119 wretch
wretch's picture

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

Tue, 02/04/2014 - 03:05 | 4399288 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 | 4399293 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 | 4399305 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 | 4399393 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 | 4399416 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 | 4399423 Kina
Kina's picture


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 | 4399406 Wahooo
Wahooo's picture

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

Tue, 02/04/2014 - 01:45 | 4399138 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 | 4399212 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 | 4399386 Global Hunter
Global Hunter's picture

Obama the gay cork snorting child droning puppet. 

Tue, 02/04/2014 - 01:31 | 4399114 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 | 4399142 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 | 4399145 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 | 4399165 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 | 4399178 hmmmstrange
hmmmstrange's picture



Tue, 02/04/2014 - 02:57 | 4399173 satoshi911
satoshi911's picture


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




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 | 4399202 mobydick
mobydick's picture

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

Tue, 02/04/2014 - 02:22 | 4399224 Julian
Julian's picture

wow..and us futures still green

Tue, 02/04/2014 - 02:51 | 4399277 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 | 4399418 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 | 4399424 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 | 4399469 Squid-puppets a...
Squid-puppets a-go-go's picture

tru dat

Tue, 02/04/2014 - 08:09 | 4399515 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 | 4399229 ThroxxOfVron
ThroxxOfVron's picture

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

Tue, 02/04/2014 - 02:29 | 4399235 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 | 4399437 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 | 4399240 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 | 4399260 Haager
Haager's picture


Tue, 02/04/2014 - 02:39 | 4399256 Bunga Bunga
Bunga Bunga's picture

Why I see diaper ads on Zerohedge?

Tue, 02/04/2014 - 05:16 | 4399410 BringOnTheAsteroid
BringOnTheAsteroid's picture

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

Tue, 02/04/2014 - 07:13 | 4399484 AGAU
AGAU's picture

Those Herbalife Soylent Shakes are tough on the body.

Tue, 02/04/2014 - 02:41 | 4399261 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 | 4399267 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 | 4399332 TruthInSunshine
TruthInSunshine's picture

Does he sell Herbalife kelp shakes, now?

Tue, 02/04/2014 - 04:09 | 4399282 mt paul
mt paul's picture


Tue, 02/04/2014 - 03:57 | 4399338 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 | 4399408 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 | 4399554 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 | 4399352 mrmister
mrmister's picture

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


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.



Tue, 02/04/2014 - 04:13 | 4399355 The Heart
The Heart's picture

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



Tue, 02/04/2014 - 04:27 | 4399374 q99x2
q99x2's picture

Conjouring the ChairSatan.

Central Banking is failing dumbfuck.

Tue, 02/04/2014 - 05:18 | 4399412 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 | 4399470 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 | 4399477 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 | 4399485 bubblemania
bubblemania's picture


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