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Dollar-Yen Pumps Then Dumps As Kuroda Punks Algos
Sometimes we wonder what world Japanese leaders live in. This morning's mind-blowing lies and propaganda from BoJ chief Kuroda show one thing and one thing only - Japan has reached Europe's Juncker moment - "it's serious enough that one has to lie." But it's the market's reaction to his every word that is whipsawing JPY around and running algos wild as first he said more QE is to come then rejected it saying there is no need for more QE now...
- *KURODA: DON'T THINK CURRENT YEN LEVEL A MINUS FOR JAPAN ECONOMY (apart from costs?)
- *KURODA: CURRENCY LEVEL MOVES DUE TO VARIOUS FACTORS (like printing more of it?)
- *KURODA: YEN LEVEL IS REFLECTING FUNDAMENTALS (terrible?)
- *KURODA: EMPLOYMENT AND INCOME SITUATION IS IMPROVING (no they are not at all!!!)
- *KURODA: DON'T SEE LIMITS NOW TO ADDITIONAL ACTIONS IF NEEDED (yay!)
- *KURODA:NOT AT POINT TO CONSIDER MORE ACTIONS AS PRICES ON TRACK (boo!!)
And where JPY goes so goes, stocks, gold, oil, and bonds...
as all that matters is JPY carry...
Charts: Bloomberg
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What I tell yoi!?
http://www.zerohedge.com/news/2014-09-11/us-stocks-give-scotland-no-poll...
Time for gravity to kick in on USD/JPY? Chart here.
So the 401k clown came into work.He admitted that we are in a bubble and something bad is going to happen but just buy stocks. What a fucking idiot !
Sorry, I had a little too much coffee this morning. ;)
In all seriousness, advisors to 401k plans aren't supposed to be saying stuff like that to participants. Not a matter of being right or wrong, it's a matter of them being PARTICIPANT DIRECTED ACCOUNTS. Advisors influencing participant behavior for their own personal gain is a no-go area in the 401k world nowadays. If they're trying to sell you additional financial products individually on the side, that's even worse.
Don't listen to 401k clowns. If you've been around investments for a while, you know how this shit works. The only thing I'd ask the 401k clown is whether his firm is monitoring the performance of the funds offered in the plan relative to their peers and a relevant index. Then ask specifically what their process is for doing that and under what conditions they would remove an underperforming fund and replace it with a better one. You might also ask him if there are cheaper share classes of those same funds that might be available to use in the plan. Then ask him if he is acting as a fiduciary to the plan or to the individual participant in the plan.
He'll be out of that room so fast you won't believe it. You can then wave good-bye to that SALESMAN/ASSET GATHERER as he peels tire exiting the parking lot, resting well in the knowlege that he's never coming back.
I should have kept my mouth shut but he was trying to herd the sheep.He said bonds are only safe because the govt will print,so stocks are the place to be.The guy is from a major bank and was definitely self serving. So of my coworkers bought his bullshit hook,line and sinker. He was basically laughing at people who buy gold.
A 401k clown AND a banker. You really hit the lottery with that guy.
Why don't you ask him if he earns different (higher or lower) compensation based on what funds participants invest in. I'll almost bet you this guy earns more commission on funds he's recommending. And that's a BAD combination.
He said the illegals were to help prop up SS. So of course I said no new jobs added since 2000 which he agreed so I asked him what jobs the illegals would be doing all the while hes talking up company profits due to productivity gains. Just un fucking believable.
And then the fucking jackass said companies were borrowing money and putting it in the bank,so they're borrowing at a couple percent and getting 1% ? Pure genius.
Hard to imagine anyone or anything, human or algo alike trading these markets profitably, unless you have an edge, ie inside information
Gordon Gekko: You stop sending me information, and you start getting me some.
Also, a lot of the equity plunge backup we saw was, of course, algos using one of the few remaining big QE days (~$2B) to goose from 10:15 - 11:00 during today's POMO period and get better entry points. Will be interesting to see if we get larger S&P and Dow breaches after 11, or a dip-buying machine fake-out. So many 0s and 1's, so many hexadecimal choices . . .
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/...
Bank of England report on bitcoin. Bitcoin makes them useless and they seem to get that
And the video to go with it: https://www.youtube.com/watch?v=CxDKE_gQX_M&feature=share
Gold is looking more tempting each day, I'm not sure how much longer I can hold back from backing up the truck.
With you there, even though I was pretty well loaded before the unfortunate accident.
Shit happens.
"No, No, No! I said the OTHER way." - Kuroda
horry shit
If you live in Japan you've watched this asshole erode the value of the Yen almost 43.00 % over the last 2+ years. Japan basically imports everything.
107.20 - 75.20 = 32 > 32 / 75.20 = 0.4255 %
he said it's ok, weak yen is good, what's wrong with you?
/s
Jeazzzzzows. Ouch.
This 'market' is so unstable now...
DavidC
Never gonna stop
Give it up
Such a dirty mind
Always get it up
From the touch of the maggot kind
My My My My My Whoa
My Kuroda...
...and USJPY is now back positive LOL
speaking of punks, where are all the drooling gold freaks?
Did you really think the NY Fed was going to let the USD be down on Patriots Day?
Gold going down to $600-$800 within next 18 months.
But that's not what James Turk said...................
"This is Eric King. On King World News today, we have an incredible, unbelievable, fantastic, imagitive interview with a market veteran who's been a trader for the last 170 years and who is one of the world's richest and greatest human beings ever born. Dr. Steven Dweeb will tell us about an amusing anecdote he heard from the friend of his niece's fiance who knows a guy working in an Alaska gold mine. Dr. Dweeb, tell us how you know that despite silver going down to $2.38 an ounce today, that it will shoot by $7e5/ounce in the next threee months......"