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Japanese Stocks Have Crashed Over 1000 Points Since Friday
After ticking just above 110.00, USDJPY has been a one-way street lower and that means only one thing... Japanese stocks are cratering. From Friday's highs, The Nikkei 225 has crashed over 1000 points (despite Abe's promises yet again of more pension reform buying of stocks).
Of note, perhaps, is that, Japanese investors bought a net $3.6 billion of foreign stocks last week - the most since January 2009 - perfectly top-ticking global equities... Well played Mrs. Watanabe.
Chart: Bloomberg
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Ho Li Fuk ! !
Go for gold Japan.
Perfect timing, right after the Japanese pension funds went all into equities...
The higher taxes put in earlier this year are coming home to roost. Look for tax "cut" back to where it was. BFTD!
Maybe the pension funds never heard of the concept of the "bagholder".
Tyler just bottom ticked the market at 11:30am today. Today is a BTFD gift.
Those pension funds must be sitting pretty....oh wait, they bought ETFs
Time for Abe to bring back honorable seppuku....
It's all that ebola's fault I's tells ya ..... cause Abe and the Central Bankers can do no wrong!!!!!!.
Maybe tomorrow will be Barack Friday.
or maybe instead we go ballistic green on some trader's flotus finger
meanwhile the MoneyChangers are working fevorishly to preent another 3 digit sell off in the Fraud Markets...
and of course, selling phantom Silver and Gold to hold them in place...
so plain to see...
Full retard ahead!
CNBS just had a great battle over GoPro Unlock since there was apparently a spike in trading earlier this week ahead of the announcement.
Abeconomics ... ugh
unfortunately, yellen probably taking notes and thinking "ooh, i see problem ... MOAR"
Markets are just taking a much needed "breather"! Got a little ahead of itself, infestors are taking profits.
Prepare for a turbo charged rebound Friday, the savy infestor knows this.
Don't believe that, well CNBS sez it is so, so it must be.
it is japanese custom to overpay
It's going to be a rough Friday in Japan.
Current CFD prices.
Nikkei 225 15,386.00 15,661.99 15,721.00 15,366.00 {-275.99 -1.76%}
Off topic:
Anybody following Argentina?
Thanks ZH. Great.
Inka Kola news is.
splut!
Similar to calculation of dog years, but divide the Japanese points by a thousand.
All those Spanish and Italian dogshit bonds they've been buying may get a little nasty as Blackrock say the ECB ain't gonna buy that shit LOL
The end will begin in Japan
Mrs Watanabe top ticks the stock mkt but Asian housewives buying gold coins is supposedly bullish
It is clear that the prospects for Japan are lousy. The writing is on the wall. Japan is facing a wall of debt that can only be addressed by printing more money and debasing their currency. This means paying off their debt with worthless yen where possible and in many cases defaulting on promises made. Japan's public debt, which stands at around 230% of its GDP and is the highest in the industrialized world.
The moment the Japaneses stock market fails to rise enough to offset inflation and realizes even a weaker yen will not help we will see a tsunami of money fleeing Japan. This will constitute the end of the line for those left holding both JGBs and the yen. This has been a long time coming and I contend the cross-border flow of money leaving Japan is why some stock markets have remained so resilient . When Japan crumbles it will be felt across the world. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/05/japan-sliding-towards-abyss.html