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USDJPY Takes Out Stops, Plunges Under 101: Drags Stocks To New Lows
It's just getting worse for global interconnected, correlated markets where every expression of risk is the USDJPY, and of course for the Nikkei and for Japan's PM Abe, who is now on strict Imodium watch. Should the USDJPY tumble to double digit range, we are officially in "global central banker intervention is imminent" territory. And yes, for those asking, there is nothing quite as efficient as the "fair value" of stocks being determined by currency stop losses at even, round numbers.
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I am very happy today. Is this the start of it? I keep refreshing the CNBC page to see the markets and the headlines...here is the current headline.
.........."This is a buying oppurtunity" Market Pro.
One of the key indicators I watch during the day is the ratio of UP volume to TOT volume for the major indexes. The values for those ratios range between 5% and 7%. People are really selling today.
Lets see if there is heavy selling into the close.
Thats what would have happened before markets were 'fixed'.
If it does, tomorrow will be a rout.
What do you mean IF??
What part of MAJOR SUPPORT HAS BEEN BROKEN don't you understand????
http://1.bp.blogspot.com/-i4Rup6npm8Q/UuxibUiXkBI/AAAAAAAAXqo/tskGcuPEV2...
I have no dog in this race.
The charts have been broken for years now.
Its pure psychology ,and wheter the sheep stampede.
Dude.. Get on a horse and race damn it! Life is too short. And this is a HUGE opportunity not to miss!
Or:
Keep Calm and Narfle the Garthok!cnbc liesman douche just said that Yellen will speak next week at some meeting and she will hint at untapering. the other cnbc douche said "well if she does that the market will price that in immediately" liesman douche replied "she would be doing it for just that reason".
That's all we need to know
Nothing like a thousand points off the Dow in a few days to start the panicking.
This oughta be good for at least another six flying banksters...
We can but hope.
The fact that GLD is failing to track gold today is rather interesting.
And gold is up significantly. Let's hope that people view BTC and LTC as a "safe haven" as well.
fonestar believes they will.... at least in the long term. If we get a severe credit crunch or deflation before the end there might be another chance to scoop up cheap coins again.
wiffs of deflation, but you know what comes next.
i've been zirpped into submission...
fuck the fed!
deflation will happen in the "real world" due to hyperinflation into crypto currencies. people will only convert back to "fiat" in order to make necessary purchases (greshams law), and will slow down or completely stop all un-necessary purchases
Another up. Stop it. Go back to hawking btc.
Agreed but I think that the central banks will decide when to let it go to the panic level. If I've learned only one thing over the last 30 years of watching this- it is this: The Central Banks are the market. They own the joint and they are running the show. And have been for a long, long time.
Given that I don't think this can get out of hand unless they approve. Just as in 2008 when the banks who created the whole fiasco were the ones who benefited most in the end. The balance sheets of all major Fed banks were, in one fell swoop, cleared of all their bad assets and liabilities and then flushed with cash.
All thanks to the US taxpayer (to their future detriment).
Ain't life grand.
No life sucks and then we all die so get over it.
You're basic premise is correct however you don't realize that the Central Banks running things are well aware that the whole economy is going into the toilet and they've protected their assets already.
Especially since they had seen The Chosen One become The Douche Bag Du Monde with no political power to help them.
The Big Banks who OWN the Federal Reserve may collapse but the super wealthy are well situated already to weather and even profit from the economic storm upon us now.
"You're basic premise is correct however you don't realize that the Central Banks running things are well aware that the whole economy is going into the toilet and they've protected their assets already."
That was my whole point.
Any collapse will be managed also. Everything is almost in place now with Obamacare, MyRA, and other safety nets which will be used to put a floor in for the U.S. public at large. Markets up or down do not matter, as the key players will make money either way.
One step at a time.
@Thought Processor
This is exactly why I don't think the prepper scenario will come to pass. It is a bit silly to assume every heavy-hitter would let the world burn around them while they cackle on their large pile of money somewhere.
They'll "manage expecatations" and do whatever it takes to keep the whole shitty ball of wax from flying apart. Will there be hardship? Hell yes, and more to come, but there's no way those greedy fucks will let the whole thing go up in smoke.
They still need services for their pampered asses, and people to brag to about their ill-gotten gains. The transition will be shitty, but it won't be the "Mad Max" scenario everyone keeps chuffing themselves about.
I was told these three items trade in lockstep, but FX was about 1.5 hours behind this time. What do you think happened to the FX trader? Siesta? Nooner?
Tequila?? Scotch??
Dow weekly 50 ma has not broken
Charting fundermentals in a FED induced market is silly.
Duh duh duh duh duh... You mook!
I'm proud to be a gold and silver mook!
Wow! I have such a loyal following of fucktards here!
I'm so glad to see you mookies in such pain finally after all these months of warning while you were trying to convince yourselves and other mooktards otherwise.
This drop is only the beginning. So ta ta!
Anybody see Urban Redneck or da Fonzo?? Hope they bought some scotch or tequila on the way home cause they's needin it!
hey retard. I have said the fed can't taper. if they try to the fed will force them to untaper. so far, so good.
if i'm wrong, i own gold. so either way, eat my ass.
head banger - settle down, so you made some jing. celebrate somewhere else.
easy come, easy gone...
dont get zirpped.
From: Kevin Henry
To: J-lo Yellen
"I'm giving her all she's got! Even B52-Bernank didn't expect me to pin the USDJPY, you mantits bitch!"
God DAMN! Look at all that red.
That's just a beautiful thing.
Come on, Kevin, you litttle Bastard...get to work...or I am going to think this is serious.
Damn cold front, making all the poor indices red like little fingers while sledding.
pods
Yellen, on 1st day of new job, is calling Bernank's cell only to find out it's been disconnected.
Ding darn, the landslide started last Friday and went on and into last night in the Asian markets. More thrilla from manila tonight?
http://www.allstocks.com/markets/World_Charts/Asian_Stock_Markets/asian_...
Is JP Morgue/rothschild hedging the bank runs by pulling out all their assets from America before the lockdown/war and sending it all to the globalist owners in China?
What's it mean?
Yeah, this is Yellens trouble. To print MOAR would mean the acceleration of a downward JPY...cant effectively devalue against a currency that is effectively devaluing...
And it's gone.
Down 300?
.
Down 400?
.
What will it be?
Get down on it!
http://www.youtube.com/watch?v=qchPLaiKocI
ExAcTlY!!! The bottom is in! Bring on the sideline cash! Buy the dip! Don't fight the fed! Is that green shoots I see? Did I miss anything?
Gold and silver now falling back too, however.
Paper gold and silver now falling back too, however.
Fixed it...
As long as the Comex exists, paper sets the price of physical.
Looks like Kevin cannot multi task.
Thank god....I couldn't afford it if not for the manipulation.....
Digital gold and silver now falling back too, however.
fixed it
the fckers are too broke
to afford paper anymore
Real Yen don't die because they eventually multiply.
Do you know where your 'money honey' is?
She's going to Fox soon, n'est pas??
Bitcoin is too volatile!!!
Fonestar is going to put a hex on you.
Sold into (and short at) 102.05/6 Holding short next day or so. 100 test would be nice , but lets see what the market does.
"Winning" - Well, I am anyway. fuck em.
Old Hilsenbarf has been quiet lately. No 3:30 stick saves.
This is fuckin awesome. The fed is pulling off the bandaid and is letting the economy stand on it's own. now we can finally break through S&P 666 on it's path to fucking zero.
This is getting interesting. Maybe they set the sheep up to be shorn one last time before the culling. I better start rummaging around for my old bartender's license. Just in case.
Now..You folks...can keep your sheep and eat it if you want to....
Did you know that a bartender's license and a CFA is fungible?
It's all about stirring the cool aid.
see my post above. Liesman just said the next hit is on the way.
At this pace by next week it will all be over but the crying.
let me be clear; "You will buy treasuries, yes, you will..."
My posts from last year were that the Fed's only way to get rates back down was to not only taper but stop and reverese the Q/E all together.
I think they may have started to get that fact.
What they didn't expect is a bank blow up to try and contain. Which will be forth coming.
Yup..what's worrying them is oil not budging along with metals.
Don't know who would buy treasuries ..if your not gonna get paid back when this collapses you don't want anything aside from real money which is gold and silver.
Don't worry fonz, just be happy. And, you can admit it, if you bought yourself 1,2 or 10 things too.
Hmmm, A black cat just walked past me, and then another one just like it.
pods
S&P @ zero is way overvalued IMHO.
It's On Like Donkey Kong Bitchez!
Every reliable model I know of has been screaming selllll for the last 14 months and this fking market never flinched in its march up.
But, but, the reliable models who read the scripts on my MSNBC kept saying "buy buy". Maybe they were saying "bye bye"? Damn
http://www.youtube.com/watch?v=Eo-KmOd3i7s
This is bullish for physical Gold. Just a little bit more time and its liftoff.
Tyler's been all over this USDJPY 102 and I completely agree and use it as well. Funny how it aligns almost perfectly with my 1772-1773 but whatever just go with what you "think will happen". 1772-1773 tickled three times and kinda zapped through it the fourth time. 1646 well within range but in my view not the time right now to pile on with a new short position.
Let this bitch see if it can bounce back up to at least 1746 and even 1760. it will need all hands on deck from PPT to get back over 1772-1773 but these are the times when they demolish new shorts just sayin'.
I'm out. Damn sure ain't getting fucked with here at the close but hey if I "lose out" on a few more points down so be it. I never hold ES overnight that's for sure and who knows what scam they jawbone tomorrow morning.
My popcorn is very tasty and satisfying today....I have never seen the talking windbags at CNBS look so worried and comatose. :)
Gold getting the beatdown this afternoon. Can only be kept elevated for so long before it relents under the manipulation. Hopefully forges back up in the morning.
Considering the Chinese new year holidays ,its holding up very well.
it was worse than this in Fall 2012, hidden back door QE may surface
Don't worry, be happy.
"Zero Hedge is intended for Mature Audiences."
What happened?
Someone must have opened up a can of snark?
Good thing I have been buying more FAZ than I know what to do with for the past few months. 80% of every penny I have is in that because this ponzi is going down eventually. At this stage everyone expects a rebound because all the markets have known for years is the invisible hand..well..sometimes you gotta risk it all and stay resolute in your convictions.
Well looks like my next 2 vacations are paid for..imagine if we have another Lehman event..this time the Bazooka is gonna need more than 787 Billion.
Its called Price Discovery, something that hasn't happened in years.
Also, Doesn't make any difference to me. Up, down, whatever. Ive been experiencing an economic depression since 2007. Laid off once and Im on my second job.
The markets have been a facade; an illusion of wealth.
Almost time...
http://rlv.zcache.com/dow_15_000_hat-r9174d3b5ffe24ccda59ed3e06987ad1a_v...
but... but...
They watered down Fukushima, yet it continues to glow.
They watered down the yen, yet it continues to grow.
Time for Abe to launch another arrow from his bow?
Oops wait--everythings fcuked--the Japanese move way too slow.
whatever you do, don't break out the deer until it breaks that major support hanging out around 1720.
Paul Volcker becomes Fed chairman 1979. Within a year, inflation was over 13% and interest rates soared. Interest rates and unemployment skyrocketed, stocks hit multi-year lows by 1982.
Alan Greenspan becomes Fed chairman in 1987. Stock market crashes (a real 22% in one day crash, not a couple hundred point swing we call a crash today.) a few months later.
Ben Bernanke becomes Fed chairman in 2006. Housing crisis and credit collapse starts within a year. Arguably, housing markets and credit derivatives had started tanking even in 2006.
Janet Yellen becomes Fed chairman (er, chairperson) in 2014. Dow drops 300 the day she's sworn in and then.....
The tell is where is the 'smart' aka insider money is betting. Are short positions being taken out now instead of longs?
this is orgasmic.
each and every fucker invested in this market deserves to lose there fucking shirt.
i hope jackassess like carl ichan, david tepper, goldman sachs, etc are ll getting hammered here.
i know they will be bailed out eventually, but fuck them all.
death to those fuckers
OK is it time for German death metal yet? Or do we need another day of CNBC crapping their pants?
http://www.youtube.com/watch?v=-gZ25MYwWpM
Good choice of soundtrack.
For me, it's been death metal time since 2009. As for the rest of the herd? Der Teufel scheißt immer auf den größten Haufen.
True dat. The herd is getting theirs today
+100 for Abe on strict Imodium watch
What a beautiful thing....couple more days like this and I'm taking the rest of the winter off!!
Can someone explain to me how the yen is gaining value against the dollar? The dollar sucks, but Japan's leaders are clearly saying that their intention is to destroy the yen. This is like if I said I was going to set a barn on fire then a bunch of retards lined up to buy the barn before it goes up in flames.
"Can someone explain to me how the yen is gaining value against the dollar?"
The same fanatasy thinking that kept the DJIA rising. Eventually there will be a return to reality and people will flee from the yen as they should.
Lets' see, haven't the Japanese had ten different finance ministers over the last five years, with one committing suicide and another checking himself into hospital for a nervous breakdown? No sign of serious, intractable problems there, huh...