USDJPY-Driven Panic-Buying At US Open Lifts Russell 2000 To New Record Highs

Who could have seen that coming?

Need at least 10 more USDJPY pips to assure new ATHs

— zerohedge (@zerohedge) December 29, 2014

After showing weakness all night (on still-fading oil prices despite Libyan issues and GREXIT concerns), the moment the US equity cash market opened for business, USDJPY was smacked higher and thus stocks went vertical with the S&P 500 pushing back near record highs. The Russell 2000 was the leader as "most shorted" stocks were monkey-hammered yet again...

The S&P 500 cash is just shy of its record for now...

All USDJPY driven...

As Shorts get squeezed even more...

Charts: bloomberg

Comments

[firstdivision]

buy! Buy! BUy! BUY!

https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1419886800000&chddm=259&chls=IntervalBasedLine&cmpto=NYSEARCA:USO;NASDAQ:ZIV;INDEXCBOE:TYX;NASDAQ:CU&cmptdms=0;0;1;0&q=NYSEARCA:SPY&ntsp=1&ei=AmuhVIG7FvHzsQeJ5IHQBg

[LawsofPhysics]

Buy?  Buy what?  be specific damn it!!

[Headbanger]

What fucking USDJPY buying panic!!??

http://www.marketwatch.com/investing/Currency/USDJPY/charts

[LawsofPhysics]

Amazing isn't it?  

[TeethVillage88s]

He is pointing at a .15 Cent rise?

[post turtle saver]

it's going to take more than Libyan issues to push oil up to June 2014 levels... a lot more

[buzzsaw99]

It's easy to grin

When your ship comes in

And you've got the stock market beat

But the man worthwhile,

Is the man who can smile,

When his shorts are too tight in the seat.

[/Judge Smails]

[alexmark2013]

From official monopoly rules: 'The bank never goes broke. If the bank runs out of money, the banker may issue as much more as may be needed by writing on any ordinary paper.' http://investmentwatchblog.com/from-official-monopoly-rules-the-bank-never-goes-broke-if-the-bank-runs-out-of-money-the-banker-may-issue-as-much-more-as-may-be-needed-by-writing-on-any-ordinary-paper/

[Ned Zeppelin]

Don't. Short. This. Market.

[BandGap]

What market?

This is a casino, and the casino always wins.

[blaireauhedge]

I think everyone could see that coming.

Only ZH could not.

And of course, flash news to ZH, there will NOT be a grexit.

[credittrader]

Are you buying 3Y GGBs? Selling Bunds? Or did u buy ASE last week? You seem a lot more confident about greece than markets?

[blaireauhedge]

Don't you get it after all these years?

The markets are not falling because of the Greek vote.

The markets are falling to influence the Greek vote on Jan. 15. The PTB are telling the Greeks to vote the right way or else...

Same as it ever was.

Furthermore, even if Syriza was elected, there is no way they will leave the EU. They are controlled opposition; hence the amount of air time they get in the Greek media. True opposition to the system would never be given that kind of exposure.

Anyway, ZH started warning us all about an imminent market crash about 11,000 points ago.

[Ewtman]

The dollar will be pulling back shortly to take a rest before resuming its juggernaut climb...

http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...

Japan's experiment with Abenomics is about to come to  an abrupt end...

http://www.globaldeflationnews.com/abenomics-failing-to-liberate-japan-f...

[yogibear]

If it gets bad the banksters start raiding accounts. They never lose.

They already own the governments. Except for Russia.

[BandGap]

In a broader sense the frequency of these oscillations is shortening. And while there might be these microbursts of "positive" news which "propel" the "market(s)" higher, now that Japan has tanked and German bonds are negative how much longer will the charade hold? How much shit can be eaten?

Sometime in the next week or so.....?

[Keltner Channel Surf]

Since the appointment of Yellen
Short-seller Al’s not been gellin’
The evidence seen:
A smashed Bloomberg screen
His right foot appears to be swellin’

[Eagle Keeper]

Have the markets now actually reach the self-sustaining point?  They are really now looking like the next year will only be up. I've stayed out for too long and am thinking about playing again. Seems like all the safe guards are now in place to sustain a perpetual up.

[jamochavez]

sustain a perpetual up--thats good stuff

[madjakk]

Just curious....

http://www.investing.com/analysis/$29-billion-stimulus-plan-approved-by-the-japan-cabinet-236919

Lede.

"$29 Billion Stimulus Plan Approved By The Japan Cabinet

By GCI Financial |  Forex  |  Dec 29, 2014 06:05AM GMT"

"On Saturday, the Japan’s government approved stimulus spending worth $29 billion, which the government forecasts would help Japan’s economic growth to increase by 0.7%."

[Soul Glow]

Japan still doesn't have their 2% inflation yet?

[GFORCE]

This is a flight-to-quality whether you believe that or not. Europe is set to implode once more, so the USD is bid against Euro and against Japan- the next basket case in line. U.S. stocks are also a flight-to-quality due to currency movements. This 'bad news = stocks down' idea is a romantic ideal but it won't make you money.

www.investfts.blogspot.co.uk

[madjakk]

Is the BOJ buying US equities?

Better yet, is this Japanese "stimulus" funding being seen in the US equities market via smaller Japanese financial market players?