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From Euphoria To Despair

Tyler Durden's picture




 

Perhaps no chart better captures the current fleeting, momentum-chasing "euphoria to despair" sentiment in the markets, in which nothing is real or fundamentally-driven, and where everything is a "smoke and mirrors" illusion encouraging the speculative stampede into (and then out of) the comfort of printed paper "wealth", than the following visual summary of how foreign cash came to Japan, injecting a record amount of money on hopes that Abenomics would promptly send the Nikkei to 20,000, and upon realizing the failure of Abenomics to result in a virtuous market expansion (the Nikkei is down about 7% for 2014), has high-tailed it out of the land of the rising sun at the fastest pace in history!

 

And keep in mind that the Nikkei is still roughly, and artificially, 50% higher than where it will be once the Abenomics euphoria is fully faded. Which is why the purple line may still have a very long way to go... in an inversely upward direction.

Source: Diapason Commodities Management

 

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Sun, 04/06/2014 - 13:03 | 4629969 Mr Giggles
Mr Giggles's picture

Their toxic baby boomer attitude is gona catch them before they die.

Selfish Cunts.

Pink pillows for 80+ers

Sun, 04/06/2014 - 13:09 | 4629985 Newsboy
Newsboy's picture

Time to jump

Sun, 04/06/2014 - 14:06 | 4630108 blindman
blindman's picture

@"pink pillow.."
is that a funeral parlor reference?
not a pillow talk thing, right?

Sun, 04/06/2014 - 14:11 | 4630118 Mr Giggles
Mr Giggles's picture

Certanly, just give me your measurments.

Sun, 04/06/2014 - 14:20 | 4630137 blindman
blindman's picture

thanks anyway. plus, the measurements keep
changing, a feature of life i guess?

Sun, 04/06/2014 - 13:07 | 4629972 blindman
blindman's picture

its only a flesh wound. they could hire ben b. to come
over and give a pep talk for several billion yen.

Sun, 04/06/2014 - 13:06 | 4629977 Elliptico
Elliptico's picture

The Fed needs to step up.

Sun, 04/06/2014 - 13:08 | 4629984 blindman
blindman's picture

expand the balance sheet, the lazy heartless bastards.

Sun, 04/06/2014 - 13:25 | 4630017 yogibear
yogibear's picture

The Fed needs to step out. They have already done enough damage.

Sun, 04/06/2014 - 20:59 | 4631029 Keyser
Keyser's picture

What does it really matter? It's monopoly money after all. The only reason it is still considered legal tender is confidence. When that goes, it's going to be Barter Town and cowboys vs zombies. 

Sun, 04/06/2014 - 22:59 | 4631254 BringOnTheAsteroid
BringOnTheAsteroid's picture

You're just looking at this from your selfish 99%er point of view. Think of the money changers, the executives, the financial engineers, the oligarchs, the elites, congressman and women. They have more billions to make you selfish cunt. /sarc

Sun, 04/06/2014 - 13:10 | 4629989 Smiley
Smiley's picture

Starting a war is SO much simpler than trying to unravel the 30,000 layers of crap that have led to this situation:  You'll see.

Sun, 04/06/2014 - 13:23 | 4630014 Seasmoke
Seasmoke's picture

Yup. Just chop up that onion in the machine. And it's done. 

Sun, 04/06/2014 - 13:11 | 4629991 disabledvet
disabledvet's picture

"Looking for reassurances from Washington."

That sounds like the entire Region is worried that China is the Germany of the 21st Century...of course "where do they Lebenstraum" to? There's no "Ost" to head to here.

I here Hawaii has been turned into a total hellhole as well.
Detroit could probably handle 50 million.

Sun, 04/06/2014 - 14:19 | 4630135 Totentänzerlied
Totentänzerlied's picture

Your German is rather confused. The Nazis sought "Lebensraum" (living-room/space). Franz Liszt (a Hungarian emigre to France) wrote "Liebestraum" (love-dream) in the latter part of his career.

Sun, 04/06/2014 - 14:46 | 4630175 blindman
blindman's picture

https://www.youtube.com/watch?v=y6hdDOFtW64
Liszt Liebestraum
.
i would like to hear that.

Sun, 04/06/2014 - 17:00 | 4630449 Dugald
Dugald's picture

 

i would like to hear that.

Enjoy boredom much??

Sun, 04/06/2014 - 14:52 | 4630191 blindman
blindman's picture

without scratch (but with other distortions)
https://www.youtube.com/watch?v=nkXOrkeZyqQ

Sun, 04/06/2014 - 14:33 | 4630153 Offthebeach
Offthebeach's picture

Im not sure the Chinese want to go anywhere. Plenty of China is un populated, not to mention Tibet. Then of course there are the massive pine forests to the north...

Sun, 04/06/2014 - 13:12 | 4629993 BlueStreet
BlueStreet's picture

And yet still the fools think China and Europe are going to start their own "smoke and mirrors" any day now.  That's a bull trap if there ever was one.  

Sun, 04/06/2014 - 13:18 | 4630003 Ban KKiller
Ban KKiller's picture

Do Japanese own any shitgums? I know they have tall buildings and nail guns, right?

We bombed them...and they bombed the world. 

Sun, 04/06/2014 - 14:16 | 4630128 Mr Giggles
Mr Giggles's picture

Do not worry, I have sent them a brace off shitgums already.

Sun, 04/06/2014 - 13:21 | 4630007 Seasmoke
Seasmoke's picture

Get to work Mr. Abe. 

Sun, 04/06/2014 - 13:43 | 4630063 blindman
blindman's picture

https://www.youtube.com/watch?v=sfwsrQeaSFA
7/21/12 Chuck Schumer telling Bernanke to get back to work

Sun, 04/06/2014 - 13:23 | 4630012 PeeramidIdeologies
PeeramidIdeologies's picture

Well if anything, they are definitely ahead of the curve.

Chalk one up for the good guys

http://www.bloomberg.com/news/2014-04-06/humans-replacing-robots-herald-...

Sun, 04/06/2014 - 13:25 | 4630018 Yen Cross
Yen Cross's picture

   I'm shorting usd/jpy one last time into May, then it's BTFD from there on out. The wheels are about to come off Abe's wagon. (just like Kyle Bass said 2 years ago)

Sun, 04/06/2014 - 13:26 | 4630020 eddiebe
eddiebe's picture

Keep in mind that Abe is dancing to the same tune that Yellen is dancing to.

Sun, 04/06/2014 - 14:22 | 4630140 Totentänzerlied
Totentänzerlied's picture

"Variations on a Theme of Keynes", by A. Greenspan.

Sun, 04/06/2014 - 13:38 | 4630043 Dr. Engali
Dr. Engali's picture

I'm sure that layering on moar debt will solve all of their problems..... I mean it's worked so well for the last 25 years.

Sun, 04/06/2014 - 13:44 | 4630064 bugs_
bugs_'s picture

watch to see if there is a bounce from that current low.  you'd then have a series of three higher lows on that chart.  just sayin....

Sun, 04/06/2014 - 13:48 | 4630070 Mr Giggles
Mr Giggles's picture

A yen off what, you tell me?

Sun, 04/06/2014 - 13:56 | 4630089 blindman
blindman's picture

next up, the imf pristine balance sheet to be
shite all over for the preservation of the global
scam they call usury money. moar weapons and surveillance
technology production to identify and eliminate
random recalcitrants in confused and bitter opposition.
.
one should know they are in the danger zone when
the hang over precedes the drinking.
just a thought

Sun, 04/06/2014 - 14:04 | 4630103 eddiebe
eddiebe's picture

Fuck all this 'inflation is good for us' hype. What the world needs is a good 5 cent cigar.

Sun, 04/06/2014 - 14:16 | 4630127 blindman
blindman's picture

What The World Needs Now - Burt Bacharach
https://www.youtube.com/watch?v=lSBrn6wTZSA
.
What The World Needs Now Is Love / Dionne Warwick
https://www.youtube.com/watch?v=2cW8Alo_5uI
.
and many cigars/

Sun, 04/06/2014 - 14:58 | 4630214 Fuh Querada
Fuh Querada's picture

That's what ensues when nobody in Japan is interested in sex.

Sun, 04/06/2014 - 15:02 | 4630220 SmilinJoeFizzion
SmilinJoeFizzion's picture

The UN just gave Fukishima the green light so they got that going for them..... Which is nice

Sun, 04/06/2014 - 15:34 | 4630290 IMACOINNUT
IMACOINNUT's picture

The UN giving free info of its own volition? Oh shit, this is so bad, the only reason they say anything is that is has gotten so terrible they need the lie to calm the masses before really SHTF.

We are soooooo... fuked.

Sun, 04/06/2014 - 15:24 | 4630269 luna_man
luna_man's picture

 

 

"has high-tailed it out of the land of the rising sun"

 

Ain't that the visual!!

Sun, 04/06/2014 - 15:31 | 4630280 syntaxterror
syntaxterror's picture

Devaluing the Yen another 30% should get Nikkei moving in a positive direction.

Sun, 04/06/2014 - 15:37 | 4630296 new game
new game's picture

inflation anyone? wait til tillions of yen find there final value...

inflation anyone? wait til trillions of dollars find there final value...

anso on, euro, yuan, real; billions of eaters very hungry!

haves and have nots, drip, drip, tic toc.

yeh, just as planned...

Sun, 04/06/2014 - 17:00 | 4630446 goldhedge
goldhedge's picture

Roh roh

Sun, 04/06/2014 - 17:01 | 4630447 goldhedge
goldhedge's picture

WAR IS A COMING.

Sun, 04/06/2014 - 18:01 | 4630583 AdvancingTime
AdvancingTime's picture

When the yen drops faster than the Japaneses stock market rises it will no longer protect the wealthof those invested within its borders. Japan is the most indebted developed country in the world and its future prospects are dim and getting worse. It is only a matter of time before the yen becomes worthless and as inflation begins to take root it will place upward pressure on Japanese bond yields and raise the cost of government to service its massive debt.

With the BOJ  set to absorb half of the government bonds planned for sale this fiscal year, domestic investors have already started venturing overseas for higher yielding assets. If this turns in to a tsunami of  money fleeing Japan it will constitute the end of the line for those holding both JGBs and the yen. More on this subject below,

http://brucewilds.blogspot.com/2013/08/japans-economy-going-forward.html

Sun, 04/06/2014 - 18:08 | 4630600 AdvancingTime
AdvancingTime's picture

After hyperinflation hits Japan the myth that advanced Democratic countries are immune to hyperinflation will be destroyed.  Soon after that people will realize that the Dollar, Pound, and Euro are not safe from hyperinflation and they will want to get out of bonds in these countries as well. 

This will result in a huge monetization in these countries and then hyperinflation. These four currencies make up about 95% of the central bank reserves backing other currencies.  Faith in paper money in general will be shattered, Japan will be the first domino to fall, but not the last. The article below delves deeper into when inflation might strike.

http://brucewilds.blogspot.com/2014/02/when-will-inflation-strike_1.html

Sun, 04/06/2014 - 18:49 | 4630684 naughtius maximus
naughtius maximus's picture

This is definately bullish

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