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As Yen Collapses, Japanese Stocks Trump US By Most In 19 Months
USDJPY just broke 121.65, up a stunning 210 pips overnight... Having started 2014 - coincidentally - at 16,300 (both Dow Industrials and Nikkei 225), by mid-year the Dow was trading 2200 points above its Japanese counterpart. Since then things have changed as the JPY has careened headlong towards collapse, Japanese stocks have resurged and at 18,060, trades 150 points above the Dow at 17,910...
USDJPY is up 210 pips to 121.65 and has become totally out of control...
Oddly correlated to the China QE Lite expolision in Shanghai Comp...
The Nikkei 225 is the most above the Dow (in absolute terms) since May 2013...
However, in USD terms, Japanese stocks are -4.5%, while The Dow is +9.15% year-to-date.
Charts: Bloomberg
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Won't take long and this whole shit reverses!
Or the Yen absolutely dies. And then it reverses.
It reverse at 10.000.000/1 to 1.000.000/1
When you have all central bankers in on the conspiracy...it can last a real long time. Heck how long did it take for the USSR....heck Cuba still won't die...Venzula...still is breathing and I think some idiot loaned money to Argentina. But when it goes this time...you are talking generations to recover...if ever. The debt is just to great. Japan is done...and if the US doesn't straighten out they are going the same way!
Moar asymmetric currency warfare, Id say: If the boys in the Currency/Stocks/Bonds/FX/Options war-room at the CIA and the Fed are busy attacking the Ruble and smugly think to be impervious to Russia's attacks on the Dollar, then think again...
Russia can hit back at the US dominoes of fiats by attacking the most vulnerable member (Japan) and their currency (JPY). Make the JPY crash, and the Western dominoes start falling. No way around that, as far as I can see. But then again, I'm not one of the hotshots in that war room, so what do I know.
This are 'interesting' times, and it feels like 3D chess is being played by both sides: Deep Blue vs Deep Red. I wonder though... Are there Globalists betting on both sides, just like successful Globalists have done for the last 200+ years?
Monopoly Money!!! yaaaeeehhh.....
There is phoney in the baloney.
Abebolic!
It really is amazing to watch all world fiat die at the same time.
And gold languishing. Boggles the mind.
I don't know why it would boggle the mind, at least at this point. It doesn't cost anything to kill the canary in the coal mine. AAMOF, considering how they've pulled it off, they've not only killed gold, they've, who ever they is, made a bundle doing it. It's pretty clear $1,200 is the line in the sand. How long before any longs get disgusted with the realization that $1,200 is it and move on? Then the PTB can jamb it down to $800 or $600 or wherever they want it. Gold is dead money at best and I'm in up to my chin.
http://www.zerohedge.com/news/2014-12-04/inside-look-shocking-role-gold-...
I have posted this a couple times in this thread (sorry for that) but I think this should be in the conversation. That it is not means that a lot of Zero Hedge readers missed it.
No it doesn't. You, sir, clearly did not read yesterday's ZH article* on the 95% correlation between the Jap stock market index and Gold.
As I half jokingly and half seriously stated, use that info as THE tool to front-run the Fed and BOJ with market bets, rather than PM buys. If your plan it to make cash. If your plan is to store up on PM, then do that also or instead. QED, I'd say.
* http://www.zerohedge.com/news/2014-12-04/inside-look-shocking-role-gold-...
TRUELY AMAZING WHEN YOU LOOK AT JAPAN GDP
http://www.tradingeconomics.com/japan/gdp
Bagholders
SMOOTH SAILING, CLEAR SKIES, GREEN SHOOTS!
50 BUCK ON RED AND RIEN VA PLUS!
By Jan 1st
YEN/USD = 130
RUB/USD= 65
Oil $60
As each country's currency falls, funds flow into US markets increase stocks. and then when the USD crashes, the market, just like Japan's will rocket. sure not true value, but this goes a lot higher until it pops.
Nouriel Roubini says, the crash will come in 2016
http://finance.yahoo.com/news/roubini--u-s--equities-will-be-strong-unti...
As each country's currency falls, funds flow into US markets increase stocks. and then when the USD crashes, the market, just like Japan's will rocket. sure not true value, but this goes a lot higher until it pops.
You wanna make fourteen Yen the hard way?
[/Abe Czervik]
But not all Indices are having the same level of performance, take a look at the FTSE for example !
So, if I understand this correctly, the largest company in the DJI, could easily purchase a few top stocks in the FTSE 100 because of bullshit capitalisation alone?
or have I got that completely wrong?
My guess is that the BoJ is going to come out jawboning on Sunday. The yen has now depreciated almost 62% off it's 75.32 low.(high vs usd) That is just staggering in terms of loss of purchasing power.
This is just exacerbating the problems Japan has at this point. The devaluation has been far too fast and it's just strip mining confidence out of the public. With the elections coming up Abe will probably want to re evaluate what he's doing to the yen. The problem is, has he already lost control of it?
Maybe Abe has already lost control. But the election campaign is on in Japan. He will probably try to stem the tide, fail and make the matters worse.
Yen, did you see this one from yesterday? Wanted to know your take:
http://www.zerohedge.com/news/2014-12-04/inside-look-shocking-role-gold-...
Betting 125/1 Xmas :)
Print moar bitchez.
Moar $$$ for me.
Yen is toast. Those money printing idiots will give us a first glimps at what hyperinflation will do to a first world country. We'll see how people react there. Note to the fed, you don't want to walk in Japans foot steps ok. Learn from others mistakes.
The Japanese people will save every penny. Fukujima is like wet blanket over them
In Weimar Germany, savers were completely wiped out. reduced to poverty.
Large debtors on the other hand, such as those holding a porfolio of real estate with debt were reward handsomly w/ free houses.
The Japanese are just totally stupid. I cannot fathom why they aren't buying gold with both hands unless this is just one big hara kiri.
http://www.zerohedge.com/news/2014-12-04/inside-look-shocking-role-gold-...
Japanese stocks go up gold goes down.
Weimar Japan
Once it really got moving, Germany only took 1 year to collapse it's currency to toilet paper status