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Japanese Stocks Tumble 500 Points From Highs; Nikkei Futures Back Below 17,000; Bond Yields Crashing
One word - seppuku
Not laughing now eh, QE-boy?
Here's one problem:
- *GPIF PANEL MEMBER SAYS GOVERNANCE LAW REFORM MAY TAKE A YEAR
We're gonna need a biggerer QQE!
- *JAPAN'S 20-YEAR YIELD DROPS TO 1.21%, LOWEST SINCE APRIL 2013
Everyone is greatly rotating into JGBs! 20Y yield collapses 8bps!
back to crazy chaos levels from last year
And 30Y yield is totally crashing -20bps!!! 2nd biggest drop on record
Bond stress focusd on long-duration buying panic
As Japanese rate vol explodes...
And Japanese stocks plunge the most intraday in 10 days
And Nikkei VIX surges past 30...
US equity futures are tumbling too - notably decoupled from USDJPY
It seems not everyone is rushing headlong into unprotected longs in Japan
Now where have we seen that before?
Charts: Bloomberg
* * *
Abe on the tape with more lies:
*ABE: HAVE BEEN SUCCESSFUL IN ALTERING DEFLATIONARY MINDSET - Nope!
* * *
It seems a few commenters are unaware that yesterday was a market holiday in Japan and so the Nikkei cash index move is from Friday's Japan close. Nikkei Futures rose 1000 points since then and have no given back 500 points of those gains... your decision whether you consider the NKY up 500 or down 500... we know which we prefer to view given the trend...and note this is the biggest intraday reversal in 10 days
It is pretty clear by the surge in Nikkei VIX and JGB yield collapse that investors are focused on the current weakness as opposed to yesterday's and Friday's gains
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Tis.was.the.short.of.a.lifetime...
This is nothing that cannot be solved by adding more monetary bukkake.
Need more...Sake in the Bukkake.
Other qoute pages show the Nikkei up 550+ points.
"Japanese stocks tumble 500 points"?
Seriously, Kuroda-san could print 50 quadrillion yen and dump it into the black hole that are Japanese "markets" and the half-life at this point would be less than a millionth that of a gamma ray hitting Mothra's balls.
Krugman should be appointed Head of the BOJ so that he could launch the 850 quadrillion yen "When Mars Attacks" Defense Initiative & Zirconium Force Field System, plus build a Warp Core Plasma Pulse Drive Starfleet.
Well, after the first movie, Godzilla always saved Japan. Now I think even Godzilla cannot save the Japanese. Sad.
Nikkei 225 (^N225) -Osaka
17,042.44 628.68(3.83%) 9:41PM EST
?
Was Waddell & Reed involved?
That said, assuming the Nikkei closes anywhere near 3% up, 600 Nikkei points is the new 6 Nikkei points given QEzilla .
***Tylers are saying since Japan had a holiday, 500 or 600 Nikkei points
up now vs the 1,000 Nikkei points up as of the cash close on Friday, October 31st = a give back of that cash close?***
Jawbone, front runners, then DUMP.
Rinse, repeat
Here. we. go.
Currency Wars:
http://headlines.ransquawk.com/headlines/south-korean-finance-minister-c...
News Headline Summary
South Korean finance minister Choi says concerned about weakening JPY and will seek measures for various scenarios
Update details:
- This is a reiteration of comments from South Korean officials who are concerned of the effects of a weak JPY has on the South Korean economy and its exporters which are a disadvantaged by a weaker JPY.
Print 02:40 - Asian News - Source: BBG
Nikkei 225 is up 11% in 5 days.
http://www.planbeconomics.com/2014/11/nikkei-225-up-11-in-5-days.html
You know the shit storm cometh when Chinese can't afford to gamble in Macau.
http://headlines.ransquawk.com/headlines/macau-october-casino-revenue-23...
News Headline Summary
Macau October casino revenue -23.2% Y/Y
Update details:
- This marked the biggest monthly decline since 2005.
Print 03:56 - Asian News - Source: BBG
Sssch, don't let reality interfere with Tylers narrative...
yes no one is laughing now. QE4 is on the way people. In the mean time, look at CRUDE! WOW
CRUDE Broke its DECENDING triangle today. See here. ==>http://bit.ly/1B4K0wk
HOREY SHEET!
Troll ... gd troll
Get back under the bridge,
Poleeze
I only hope the spx drops as fast as it artificially went up, 14 days down, 9 days up and 6 days back down
Excellent! I'm getting 1.25% a year on my 20 year bond.
And the currency is only depreciating by 2% a day.
Um, hang on a sec....
But if you leverage it 30 to 1...
well, maybe not.
Make it up in volume.
huh? bloomberg says up 500 not down 500.
it's deflation, all ok, don't worry
Counterparty Dominoes Global bitchez.
RIPS
Someone tell the Japs our elections are finished til tomorrow!
"After the election I'll be able to do things a lot differently!"
"Here are your plans for invasion Mr. President."
How do you say "bear raid" in Japanese?
Japan 20Y?
There will still be a Japan in 20 years?
Says who?
will you take payment in irradiated rice paddies?
Will you take your payment in recycled adult diapers?
I have never seen a nation commit suicide so rapidly as Japan....oh wait!
I forgot Obola and his Zio-Cons-Dems.
Tired of this bukkake theatre.
Did Japanese elections just end?
so basicly they up stocks so they can plunge JAPAN'S 20-YEAR YIELD and stocks?
does it make sense?
You do them too much honor.
Sometimes they scheme and steal with toil and trouble,
but often, they are just pissing up a rope.
sorry(
Whew. I thought Gold might have went up $1 when I read this. Nope.
If you want gold to go up, I will buy a couple thousand shares of DUST, and I will guarantee you it will go up. Of course I won't be very happy about it.
Bumpy as it flys out of the spiral.
Many opportunities to get short going forward.
"Hello Kitty" dead cat bounce.
I was wondering what it would be like to short, well, pretty much anything where the price keeps going up in nominal terms but down in real terms. So you lose money on every short but make it up in exchange rates?
Boom! My head just exploded.
They really need Godzilla to the rescue!
Nothing will make me happier this week than to see the USD/JPY hit 120 while the Nikkei ends up where it was last Monday... I will be laughing all the way to the disaster.
Don't worry folks it's still only 132,475.50 in yen for 1 OZ of gold LOL
165,000 yen per ounce of gold, easily (maybe 200,000) within a year.
So it's a 'law' problem? No problemo. Just suspend the law for national security reasons.
No one will notice.
Laws don't mean shit it's crisis that matters....and media.
They annouce they wanna buy, stocks soar...... then say maybe in a year......
Ha HA HAAAA HAAAA
Vely smar... vely smar
Ah soooo. You wogel wry I ro ziz? I study at youl Roo C Hell Hay!
Hi!
(PS I think that was from some John Wayne WWII movie)
The only good Jap is a ....
Pil-grim
Kamikaze dive bomb!
Plane loaded with explosives! Banzai!
Too bad it's generations of Japanese going down instead of Abe or Kuroda.
It's not even funny anymore - all assets go up and down by a joke
All the bots must be tracking every entry on ZH.
Senseless roller coaster shit like this is clearly announcing that the emperor is in his birthday suit, look out below.
According to the yahoos at Yahoo, Nikkei up 636 at 19:52?????
Break out the popcorn, kids. This is gonna be one helluva shitshow election tamarrah!
Personally, I'm still waiting to hear back from BofA (BAC) on my foreclosure settlement ($9k to clean out and leave). Got a distinct feeling there won't be a BofA or a BAC worth two wooden nickels in two weeks.
The crash we've all wanted for six years is upon us. Bring it, bitchez, I'm all in (PMs, food stocks, loads of 0% credit card promises).
Fuck the banks
Fuck the banks
Fuck the fucking banks...
with galvanized pipe.
I am always amazed at how long these guys have been able to keep the show going. To bad they don't have a spread you can bet on in Vegas on the collapse.
Listen 123.
The "AMAZED" meter goes to 1000, you're on 10. Fasten seat belt we've got years and years to go.
Spinal Tap.
Goes to 11.
Japan is on the verge here. Just consider the size of QE they need for each month of just keeping zombies half-alive. Can they really increase QE x10 (or x100 as that's difference on your amazed meter from now to max) and continue the farce of not even some day paying debts off, but keeping them rolling over for a bit more?
+100 Perfect summation for a Monday.
Pretty sad because I know some nice people who are Repubs who believe the election will provide some form of reprieve from the Obama Police state. Sadly, the NeoCons amnesty lovers in the GOP like McCain, Rubio, Graham and drug runner McConnel work for the same Zogligarchs.
They are not nice, they are lost souls.
Obama run on transparency and put the most whistleblowers behind bars, run on peace and expanded war, run on fulfilling common man's needs and kept cleptocracy happy while walking all over the common man, run on promises to working class while income inequalities grew on his watch.
They are all in agreement on foreign policy, economy and formation of police state. Vote on abortion, gay marriage or maybe immigration, these are only things left to vote over in US of A.
Vacuum tubes MEET real life people
Only a two-pronged approach from Draghi/Yellen can save us now:
a) Draghi makes a midnight announcement that the Germans will increase their workweek to 60 hrs, but with no pay boost, the increased profits used to buy Greek bonds and Japanese stocks.
b) Yellen, fresh from her Obama meeting, orders the ‘carry trade’ to move from USD.JPY to USD.JPM, equivalent to the monthly JP Morgan regulatory fines in billions, the initial target set at 117.
If we don't build an ice wall around the Nikkei fast, it might start contaminating the ground water
Did you mean a nice wall??
Thought the space might be in the wrong place.
As for the ground water....
Does that incude debt ocean?
The only fuel abundant enough to keep this icewall working and to protect the core from melting would be combustible banknotes.
Samurai play Keynes
Combined with earthquake
Not rising anymore.
I have not been watching the Nikkei today, but I see it is up 3.33%. Did it spike or something?
- 417 currently
I'm not seeing this 500 pt drop on any of my feeds. Are you talking futures or the actual index?
This is all I could find went up like a moon shot them bam Nikkei Futures 225
Five-minute chartporn shows it all ...
http://www.finviz.com/futures_charts.ashx?t=NKD&p=m5
full monte
Their market is up 600 points, not down.
Must have already spiked up another 3% lol
Maybe the Japs have better printing presses.
Bullish!...till it hurts. Owwwwwwweeeeee.
Banks runs coming in Japan. Just watch!
Alcohol and weed don't seem to help any more.
Is the beer and pot weaker or is it that the shit I have to deal with is getting harder to escape from?
Nobody's shit is strong enough to deal with all this shit.
If you print enough money, can you buy the whole world?
Yes sir, the whole, dead, world. If you paper it too much, you smother growth and/or productivity.
Dow hit upper limit of Bollinger Band.
McClellan Summation above zero.
Time for PPT to take a breather.
What the Nikkei says is meaningless.
Zaito loans.
Ministry of Finance
Bank of Japan.
How much of Japanese GDP is accounted for by "public works" projects? The country has been awash with construction projects all funded by the State for the last couple of decades.
Back in the late 1990's Japan was banjaxed.
Is there a word that can describe where Japan is now?
Did anyone actually check the Nikkei? I'm showing them up 602+ over 17000.
Just saying.
nikkei hard up, not down
http://indexes.nikkei.co.jp/en/nkave
WTF are you guys at ZH smoking? Because my screen shows Nikkei up 600 points as of 11/3/2014 at 9pm eastern time....you stupid fks are living in your own bizarro world.
WTF are you guys at ZH smoking? Because my screen shows Nikkei up 600 points as of 11/3/2014 at 9pm eastern time....you stupid fks are living in your own bizarro world.
Suspect you did not read the full post... Japan cash indices (which you are looking at) have been closed for 2 days. Seems given Nikkei VIX surge and JGB yield collapse that traders are focused on the plunge in the NKY in the last few hours (biggest intraday drop in 10 days)
DEATH TO THE MONEY FUCKING CHANGERS!!!!!!!!
This is your heart. This is your heart on QE.
That man has some nasty teeff.
Pass the sake.
When he finally offs himself please post the same photo of him laughing
is it just me?.... or is Japan looking more and more like the Torpedo that will blow the entire world wide Central Banking Ponzi Scheme out of the water?
I was so excited when the Nikkei was dropping 3 figures a night like a year ago, and as in the US of course there's always another round of QE announced just kicking the can a bit further. I hope whatever crashes it is not some sort of "extraordinary" event so that we can all indict Keynesianism once and for all, so it won't be spun as another exceptional one-time event that caused a crash, rather than the fact that a flawed philosophy has ruined our society.
This is going to be interesting. I have been reading so many of these bloody alternative news sites that I am convinced as nigfht follows day that there will be a massive false flag attack on the US to provide cover the collapse and the crimes of the last few years.
What a spin out if it turns out to be complete and utter bullshit and the market collapses just happens through CB stupidity.That will mean my world view is back to normal and the whole world isn't going to hell in a hand basket.
Will there be a false flag attack, are minds preparing this as we speak or is Alex Jones out of his mind?
Whoopie-doo!
it was overbought, 'tis but a flesh wound
"I'm so bullish it hurts"
Pass this around
If your ID is displayed your being tracked by
AT&T, Verizon, Sprint, Bell Canada & Vodacom Unique Identifier beaconshttp://lessonslearned.org/sniff
Works on home computers also.
The Yen Doomsday Machine
http://winteractionables.com/?p=16131
That's why Oboma asked Janet if the Fed had enough money left for QE4 today.
One word - Baka
Japan's public debt, which stands at around 230% of its GDP and is the highest in the industrialized world. They are past the point where they can return to a "free and fair market" interest rate marketing their bonds to the world and still be able to pay the debt service. We should not hold our breath while this shakes out but focus on how it will end which is very badly.
The moment the Japaneses stock market fails to rise enough to offset inflation and the people of Japan realize that 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