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Japan's Market Breaks

Tyler Durden's picture




 

Having ripped higher by over 200 points after the US close, Nikkei 225 futures have "glitched":

  • *JPX SAYS NIKKEI 225 FUTURES STOPPED TRADING AFTER 11AM TOKYO
  • *JAPAN EXCHANGE SAYS NIKKEI 225 FUTURES STOPPED ON SYSTEM ERROR
  • *TRADING HALT MAY BE DUE TO SYSTEM PROBLEMS, TAKAHASHI SAYS

The ramp, which caught futures up to USDJPY happened as they recoupled... we will see which direction the post-break market wants to go...

 

 

... but based on the ramp into the "market break" it would appear that someone at the BOJ left the buying program on, and forgot all about it.

 

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Mon, 03/03/2014 - 22:38 | 4504858 JLee2027
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No buyers of BS?

Mon, 03/03/2014 - 22:43 | 4504882 aVileRat
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So Abe is dropping a new sales tax that makes Japanese exports less lucrative this week, and the market rips....?

ok.

This should get good.

 

Mon, 03/03/2014 - 22:57 | 4504948 max2205
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The old buy to infinity trick....

Mon, 03/03/2014 - 23:03 | 4504978 NoDebt
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Sum Ting very definitely Wong.

Mon, 03/03/2014 - 23:11 | 4505011 fightthepower
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Russian hackers...

Mon, 03/03/2014 - 23:32 | 4505086 TheMeatTrapper
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I believe we will see a hell of a lot of Russian hacking before this shit is over. 

Mon, 03/03/2014 - 23:54 | 4505166 johngaltfla
Mon, 03/03/2014 - 23:33 | 4505091 asteroids
asteroids's picture

Meanwhile, someone is ramping the European markets before the open and the US markets too. Pure evil.

Mon, 03/03/2014 - 23:58 | 4505179 El Oregonian
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EITHER IT'S coming home to roost OR, SHE'S ABOUT TO LAY AN EGG...

Mon, 03/03/2014 - 22:39 | 4504861 LetThemEatRand
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Isn't it a few minutes now before the non-ultimatum ultimatum that was denied and affirmed and denied and affirmed today?

Mon, 03/03/2014 - 22:44 | 4504889 Boomberg
Boomberg's picture

Ukraine is like so yesterday. Time to move on. Let's hope Bulgaria forces Kerry's plane to land and performs a search for Snowden. 

Mon, 03/03/2014 - 22:46 | 4504895 JLee2027
JLee2027's picture

Actually let's hope that Botox John gets captured in Kiev by the Russians.

Mon, 03/03/2014 - 22:48 | 4504912 logicalman
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better if he was captured by the Balls!

 

Mon, 03/03/2014 - 22:48 | 4504908 fonzannoon
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That is an interesting point. You have Putin with Snowden in a headlock...with all these secrets that could supposedly massively embarrass the U.S....and he keeps a lid on it? Something really stinks about the Snowden situation. Which really bums me out, because to hear Snowden speak, I really hoped he was the real deal.

Mon, 03/03/2014 - 22:54 | 4504919 Bonapartist
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it's good to see people are waking up to Snowden's bullshit. If it sounds too good to be true it probably is. Since Putin is an ex-KGB spook I'm sure he figured Snowden to be a CIA double all along- also explains why the leaks are about the NSA- not CIA.

Mon, 03/03/2014 - 22:53 | 4504932 Rusty Shorts
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Snowden is Mark Zuckerberg on a head trip blowing some money, same guy. think about it.

Mon, 03/03/2014 - 22:55 | 4504939 fonzannoon
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I fell for 9/11 for about 5 years. I guess I fell for it again. At least I'm cutting down my ignorance by years now. With that said, if Snowden is a fraud and Putin is in on the skit, that means that we truly are watching theatre on the grandest stage...which at this point does not surprise me.

Mon, 03/03/2014 - 22:58 | 4504950 Rusty Shorts
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Well, back in the day they called it the "European Theatre" and the "Pacific Theatre" just...cause.

Mon, 03/03/2014 - 23:03 | 4504977 john39
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snowden is a psyop, liftex straight from the pagds of the novel, catch 22, where there is a character named snowden.  if you google it, it has been covered at length.

Mon, 03/03/2014 - 23:16 | 4505038 DoChenRollingBearing
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There were a few of us here at ZH in June 2013 who doubts about Snowden, and I for one got roundly condemned.

I still do not know what to make of Snowden.

But, at least Putin's retention of Snowden has put his heroism in doubt.

I do concede, of course, that we would know far less about NSA spying had Snowden not stepped forward (and then out).

Mon, 03/03/2014 - 23:38 | 4505107 john39
john39's picture

It's what you don't know that gets you.

Mon, 03/03/2014 - 23:39 | 4505113 Bonapartist
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I don't think the Russians even bought his story- they are a very cynical bunch.

Tue, 03/04/2014 - 01:35 | 4505380 TheReplacement
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I don't follow.

 

From Wiki - http://en.wikipedia.org/wiki/List_of_Catch-22_characters

"Snowden

Further information: Yossarian

Snowden is a member of Yossarian's crew; when their aircraft is hit by anti-aircraft fire, Snowden is mortally wounded and Yossarian attempts to help Snowden by treating his wounds with bandages and sulfanilamide powder. Snowden's death acts as the catalyst for the change in Yossarian's mentality."

Mon, 03/03/2014 - 23:02 | 4504969 NoDebt
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Sucks when you realize the US isn't the only player in the misinformation/manipulation/mind-control game, doesn't it?

 

Mon, 03/03/2014 - 23:09 | 4505001 Grande Tetons
Grande Tetons's picture

...when the world does have the real deal...they blow his fucking brains out. 

All we have left are frauds. 

http://www.youtube.com/watch?v=tH9zG28GQEg&feature=kp

 

Mon, 03/03/2014 - 23:13 | 4505019 Bonapartist
Bonapartist's picture

no shit- these fucks would kill JC on his second coming if they thought it would affect their bottom line.

Mon, 03/03/2014 - 23:21 | 4505048 Grande Tetons
Grande Tetons's picture

I can see the headlines now. 

Jesus Christ returns!!! Quickly assasinated. Dow hits 20,000!  

God only knows where this world is heading. If not God, Brian Wilson. 

http://www.youtube.com/watch?v=AOMyS78o5YI

Mon, 03/03/2014 - 23:27 | 4505066 Rusty Shorts
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@Grande Tetons  ^^^

 

 

Mon, 03/03/2014 - 23:11 | 4505006 Bonapartist
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It's not paranoia if all of these sociopathic fucks are out to get ya'

Mon, 03/03/2014 - 23:34 | 4505097 TheMeatTrapper
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You really think Snowden left the country, fled to Hong Kong and then spent weeks in an airport because he's an uber dedicated CIA agent trying to discredit the NSA? 

Really?

Mon, 03/03/2014 - 23:49 | 4505117 Bonapartist
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Uh- yeah- if killing Kennedy doesn't make them bat an eye then Snowden is child's play. You're dealing with an organization that restarted the Afghan poppy fields and has re-flooded the world with with cheap heroin.

Tue, 03/04/2014 - 00:28 | 4505244 TheMeatTrapper
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So what does Snowden get out of the deal? What does the CIA get out of the deal?

Tue, 03/04/2014 - 00:56 | 4505294 o2sd
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It is pretty simple really. Secretive,powerful, unaccountable security organisations are a massive threat to the security of a sovereign state and the prosperity of an open society. The simple reason is because they are fragile.

Imagine for a minute that a foreign agent worked their way to a very senior position in the NSA. The US has had high profile soviet moles before, but when the US still had some semblance of "seperation of powers" and "checks and balances" on power, it was possible for agencies to investigate the activities and employees of the other agencies, and eventually catch foreign agents working in US agencies. But if one agency becomes too powerful, the foreign agent can use his or her powers to thwart investigations by other agencies, spy on potential enemies and discredit/character assassinate them, blackmail people of influence, cover their tracks and so on.

All powerful security agencies are very dangerous this way, and eventually they tend to self destruct as the level of paranoia makes effective operations impossible as information flow slows to a trickle and disinformation flow rises to a flood.

For this reason, the NSA and their far-reaching, unconstitutional and unaccountable powers became a threat to the republic. To protect the republic, other agencies within the US government would need to weaken or embarrass the NSA so as to force oversight of their activities by another agency, reducing the fragility vunerability.

Hard to know what Snowden gets. He might just be expendable.

Tue, 03/04/2014 - 01:20 | 4505343 TheMeatTrapper
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"To protect the republic, other agencies within the US government would need to weaken or embarrass the NSA so as to force oversight of their activities by another agency, reducing the fragility vunerability."

 

Since that has not happened, and in fact NSA spying has increased, I'd say your theory is either wrong or the uber patriotic CIA failed in their attempt.

I'm trying to figure out if the CIA is trying to save the Republic or control it.  The conspiracy people alternately say the CIA is flooding the nation with drugs and killed Kennedy and then they turn around and say they are trying to save the Republic by leaking the NSA's biggest secrets. 

Can't have it both ways. 

Until somebody can explain to me in plain English, why the CIA would want to leak NSA programs and why a young man would want to spend the rest of his life in Russia to carry out such a mission I will continue to call BULLSHIT on the "Snowden is a plant" meme. 

Tue, 03/04/2014 - 01:45 | 4505409 TheReplacement
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You may have already answered your own question.  The problem is we may never know the answer.  Perhaps the CIA has people in it.  Now people tend to be different and alike at the same time.  Some may be in it for true service, others for money, power, danger... who knows.  What matters is what does the honcho say and what will his subordinates go along with.

Maybe someone at the CIA wants to protect the Republic.  Another wants to become dictator.  Another wants to hold the status quo.  Another wants to take down Obama so a red can take over in 2016.  Many potential motivations.  All and none could be true.

You should reel back the BS call because, simply, we are not the kind of people who know these things.  All we can do is speculate.

Tue, 03/04/2014 - 23:22 | 4510364 o2sd
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Since that has not happened, and in fact NSA spying has increased, I'd say your theory is either wrong or the uber patriotic CIA failed in their attempt.

I would go with failure. Your attempt at snark by calling the CIA uber patriotic is misplaced. The CIA don't undermine the power of the NSA because of patriotism, they do it to protect the system that feeds them. The system is the source of power, if one player in the system (e.g. NSA) becomes too powerful, it puts the system at risk.

I'm trying to figure out if the CIA is trying to save the Republic or control it.  The conspiracy people alternately say the CIA is flooding the nation with drugs and killed Kennedy and then they turn around and say they are trying to save the Republic by leaking the NSA's biggest secrets.

The CIA is doing what all organisms do, ensuring it's survival and perpetuation. If you view behaviour through that lens, you can separate out ends and means.

Can't have it both ways. 

Yes, you can. See above.

Until somebody can explain to me in plain English

I think you mean "explain to me in terms I understand". That might not be possible, depending on your understanding of game theory.


Tue, 03/04/2014 - 01:31 | 4505367 TheReplacement
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Snowden had some bad choices.  He made a decision.  It was Russia.  How could he have known this would happen?

Mon, 03/03/2014 - 22:40 | 4504866 Leto II
Leto II's picture

All your algos are belong to us

Mon, 03/03/2014 - 23:23 | 4505054 Spitzer
Spitzer's picture

Are

we

 

all just fuct now ? I just did a rail of K.

Mon, 03/03/2014 - 22:41 | 4504873 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

definitely a sign to BTFD tomorrow. 

Mon, 03/03/2014 - 22:52 | 4504929 Ness.
Ness.'s picture

Too late.  We're hard green before tomorrow.  WWIII is averted for another trading session.  If the USD/JPY starts sniffing 102 again, we're off to the races.  Putin is a ' Russian Bear'.  We love da Bulls!  Ole!  

Mon, 03/03/2014 - 22:42 | 4504881 Stanley Lord
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Toro Toro Toro

Mon, 03/03/2014 - 22:52 | 4504926 ebworthen
ebworthen's picture

Is Mexico invading Canada or are you missing some a's?

Mon, 03/03/2014 - 23:01 | 4504959 greatbeard
greatbeard's picture

a's, o's, wtf?

Tue, 03/04/2014 - 01:49 | 4505424 TheReplacement
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He's a Mexican invading Canuckia riding a bull, el toro toro toro, eh.

Mon, 03/03/2014 - 22:43 | 4504887 Sabibaby
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The system works from smiles so make sure you're smiling :-)

Mon, 03/03/2014 - 22:45 | 4504894 fonzannoon
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The S&P glitched up 30% last year. This should not be a problem. At least gold is not glitch dumping.

Mon, 03/03/2014 - 22:49 | 4504910 ebworthen
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I'm telling you, the Sino/Russian alliance smells blood.

Look for the Western boundary of the U.S. Pacific fleet to be Hawaii.

When civil unrest rises bankrupt nations the world over will have no choice but to stoke nationalism and war.

This time it will be high altitude weapons platforms including space, and nuclear subs and the nuke itself.

Thanks financiers, bankers, and economists - for debasing human labor and the lives of normal people.

The U.S. and E.U. are bankrupt and falling apart, having sacrificed their productive base for short term debt-fueled mammon lusting.

God save us all.

Mon, 03/03/2014 - 22:51 | 4504924 logicalman
logicalman's picture

You could be right.....

except for the God part.

The human species doesn't deserve to survive anyway.

The earth will be fine, in the long term.

 

Mon, 03/03/2014 - 23:04 | 4504983 booboo
booboo's picture

So now darwinsm is about "deserving"? I bet you have a .Gov exemption card, most progs think it's going to be the other guy all the way up until it ain't.

Mon, 03/03/2014 - 23:14 | 4505021 logicalman
logicalman's picture

You completely miss the point.

I thought it was obvious to anyone with two brain cells to rub together, sorry for your lack.

Mon, 03/03/2014 - 23:35 | 4505099 booboo
booboo's picture

hahahaha, nice try, next time think before you post up some horseshit about who "deserves" what Jesus.  

Mon, 03/03/2014 - 22:51 | 4504922 chump666
chump666's picture

China, go get your islands now.  Looks like no one would stop you.

Mon, 03/03/2014 - 22:57 | 4504946 Hangfire
Hangfire's picture

That's what I was thinking, at the first sign of weakness (laugh) they will pounce on the Islands of Good Fortune! 

Mon, 03/03/2014 - 23:19 | 4505046 DoChenRollingBearing
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Yes, this looks to a good time for China to grab them.

But then Japan will likely build a nuke, and fast.

 

Does China want that?

Tue, 03/04/2014 - 01:24 | 4505350 hobopants
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Pure conjecture, but I wouldn't bet against Japan being a nuclear power as of this moment. Non-nuclear weapons policy be damned, would you really trust the benevolence of the good ole USA to protect you forever and always? They got them, they just aren't advertising

Mon, 03/03/2014 - 23:12 | 4505014 Ness.
Ness.'s picture



VI. Weak Points and Strong 

1. Sun Tzu said: Whoever is first in the field and awaits the coming of the enemy, will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted. 

2. Therefore the clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him. 

3. By holding out advantages to him, he can cause the enemy to approach of his own accord; or, by inflicting damage, he can make it impossible for the enemy to draw near. 

4. If the enemy is taking his ease, he can harass him; if well supplied with food, he can starve him out; if quietly encamped, he can force him to move.

Mon, 03/03/2014 - 22:56 | 4504937 logicalman
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I always find it interesting when people refer to countries like they are sports teams.

China did this , Russia did that, US did the other.

To be accurate, the Chinese psychopathic fucks did this, The Russian psycohpathic fucks did that, The US psychopathic fucks did the other.

Meanwhile about 7 billion people just wanted to get on with their lives and be left alone.

WTF?

Mon, 03/03/2014 - 22:56 | 4504945 fonzannoon
fonzannoon's picture

No need for WTF. Good summary.

Mon, 03/03/2014 - 23:17 | 4505043 Bonapartist
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The sheep don't mind being raped if it's done while tied up with their own country's flag.

Mon, 03/03/2014 - 23:33 | 4505089 Rakshas
Rakshas's picture

The best solution I've found actually comes from the UK, a tall pair of "wellies" and a cliff,  you lock 'em in and start...... ummm this is a family site right... anyway all the sheep see is the cliff and soon they be beggin for more........ sick bastards

Mon, 03/03/2014 - 23:44 | 4505132 kchrisc
kchrisc's picture

Good comment.

I call that the "collective" tense. I do believe that the habit originates out of being inundated with it from the propaganda media and in "indoctrination," schooling. Things like, "The town was shocked," or "Americans were mesmerized by the trial," "The Chinese are behind the push to...", etc. Unless they did a very thorough survey, no they aren't or weren't.

Sometimes it is easier to use the "collective" tense, as in "China or Russia this," but I tend to try to only do it to preserve the flow of a larger thought. Say, "China is a factor in the EU criminals' conundrum."

I challenge anyone reading or being subject to the propaganda media to pay attention and listen for the "collective" tense and how they use it to push and spin things. They use it so much that it will actually become humorous to you after a while

"The American public backed the war in Iraq, but with reservations." Huh, no?!

 

"The only 'collective' I know is in a basket at the bottom of a guillotine."

Tue, 03/04/2014 - 00:41 | 4505269 Deathrips
Deathrips's picture

Logic man...you are there buddy. Right on.

 

RIPS

Mon, 03/03/2014 - 23:54 | 4505164 TheRideNeverEnds
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Yes clearly the selling is not correct; must be broken.  I for one am glad they shut it down before things got out of hand.   Any fool can see we have a solid 100% more upside in this move before you should even consider taking anything off the table. Worry not, you can buy the dip here and you will be 'aight by the end of the week.  

 

I suggest to make up the difference maybe using as much leverage as possible, straight futures are so so... what you need is a synthetic long position via futures options; short puts long calls spread 1:1, get the most bang for your buck.     

Mon, 03/03/2014 - 23:56 | 4505172 Wait What
Wait What's picture

who is the BOJ's version of Kevin Henry? someone's gotta remind him to pace himself! 'don' blow your wad all at once, bro!"

Tue, 03/04/2014 - 00:26 | 4505236 yogibear
yogibear's picture

All the Russian hackers have to do is break into the HFT systems and normalize the markets. 

Tue, 03/04/2014 - 07:47 | 4505894 Wait What
Wait What's picture

and just like that, the Ukrainian crisis is over. what was that a 24 hr market half-life, if that? back to blowing bubbles.

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