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Japanese Stocks Tumble 350 Points From Friday Highs, JPY 119 Handle, WTI Crude Hits $51 Handle
USDJPY tumbles to a 119 handle briefly before Japan opened to its normal JPY-selling spike temporarily lifted the pair 'off the lows'. This drop dragged stock futures lower with Nikkei 225 tumbling over 350 points from its Friday trading highs. Oil prices continue to slide (WTI now with a $51 handle) and EURUSD is bouncing back from its precipitous decline earlier in the evening. S&P futures were down almost 10pts but have recovered about half their losses.
The New Year Hangover Hits Japanese stocks...
JPY rallied notably against the US Dollar following the EUR dump...
and crude can't keep a bid...
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dead by dawn [/evil dead 2]
https://www.youtube.com/watch?v=y9se1XPD48c
New Global Growth Industry.
Buy Everything!
http://www.bloomberg.com/news/2015-01-04/pakistan-central-banker-sees-8-...
There's only one thing they're gonna find out they wanna buy besides bullets
Go long of Jap shares in Paki curry chains, short of DJIA.....
Polar Vortex returns
End of Civilization
http://forecast.weather.gov/MapClick.php?CityName=Chicago&state=IL&site=...
Just the Excuse for a Fucked Up Q1 Forecast
Tomorrow, maybe on CNBS?
Spin those plates, Timmy, faster, faster...
Oh, wait.
Wonder how Timmah's doin' at an Investment Bank.
Gotta be a butt of many jokes and an embarrassment to take to clients.
I can see him picking his nose during new business presentations, looking at it on the end of his finger and sneering...
Tiiiiiiiiiiiiiiiiiimmmmmmmmmmmaaaaaaaaaaaaaaaahhhhhhhhhh!!!!!
pull the plug........just do it already
The plug has been pulled. They are running out of solutions rapidly and silicon implanted blondes will not help....
The DDD’s that Terrify the Federal Reserve
I'm voting Golden Dawn in the up coming Greek election.
gonna be a busy year for the Plunge Protection Team!
yeap ... they better start hiring a few people from zh folks ... just a thought dont shoot me.
You are not worth the lead or the time spent reloading.
Looks like the NY Fed pumpers got to work late today. They let the futures drop sharply and are doing their usual ramp job right now. Futures should be green by open
Crude has enough support it shouldn't drop further than 48 tonight. Tomorrow is another day though.
Didn't take that long, green already.
dead economy
Shanghai market is up 40% in 2 months. Waiting for it to hit 4K and buying some puts. The rocket fuel will run out at some point and it will come crashing down to support at 2300 or so. Insanity reigns
There has never been a better time to buy Nipponese Inflation Protected Securities!
Perfect deadpan delivery...lol.
"NIPS"
Oh, Hedgeless, you're bad.
Who knew the road to hell would be this long...and crooked.
Even if Hedgie knew, he sure as fuck doesn't care. he he heeeeee
i am a broken record...if shit would have been left alone in 08/09 we would be in a real recovery and taking out stitches from the wounds...these fucking assholes and propping will collapse and will take twice as long if ever to pick up the pieces...were all fucked ...some less than others .....were fucked..
a few extra months ... no worries. This shall pass too. This country always comes back no matter what.
Who cares? I own no paper gold or CDS's, let em crash and burn.
The reason nothing ever changes and these assholes do what they do is because we are all, to some extent, just like them. Take the debt problem for example. If the government did slash spending to provide a balanced budget the cacophonous howls of protest from every self serving asshole in the community would be deafening.
IT IS US, NOT THEM.
WE VOTE FOR THESE ASSHOLES.
WE SIT BY BITCHING AND MOANING ON INTERNET FORUMS AND DO SWEET FUCK ALL TO CHANGE ANYTHING.
Our comeuppance is going to be fucking savage.
Our mortality will be held in stark relief.
We are going to find out what the passenger on a stricken aircraft feels as they face the harsh reality of their death (no mercy, no way out), but our feet will remain firmly planted on the ground.
Life within a few years will be unrecognisable.
I have not voted in years except for Ron Paul...
Count me out of the "we"..
Still think crude has bottomed? Now the $52-$53 support is blown out. If this doesn't correct, we're in the 40's before you can say, "margin call."
As if European demand is going anywhere but down here.
Oil to zero.
Move along...
fuck em, who cares, you think you're part of their economy?
Those assholes wouldn't piss in your mouth if your teeth were on fire.
How did a Sandy Hook victim end up mourned as dying in the recent Pakistan school attack?
20,000 Ebola cases later…
HR 428 sponsors to increase pressure for release of 9/11 Commission’s 28 classified pages
They'll ramping the fuck out of this all week....there will be an amazing move up. Remember People...It's all Amazing, We're Amazing. I'll shoot myself next Friday for not having BTFD . Sucks to be me. Burn in Hell Lord Blankfein.
Not amazing...exceptional. Americans are exceptional at financial fraud.
Somebody's got to pay for my education.
You didn't educate that.
BTF2%D
Who moved my Ibuprofin?
Looks like its going to be a vixxy year.
Wouldn't it just be classic if equity markets globally tanked this year? Everyone is bullish, yet stocks, having already been pushed up massively by 6 years of daily central bank intervention and are already vastly ahead of fundamentals. Take out the benefit of super low interest rates on financing costs and share reduction, normalize resulting profit margins and the market isn't as cheap as some would claim.
Instead of taking the past 6 years to start the rebalancing necessary, these idiots doubled down over and over with the sole goal being to endlessly inflate asset prices. To hell with the real world as long as financial markets were hostage and compliant. These days, Bernanke goes around gloating and giving $250,000 speeches about how he saved the world. If that isn't asking for it, I don't know what is. It would serve them right if this was the year that it hit the fan.
Sorry, I'm confused...what are "fundamentals" again?
it will be fine,no worries. we always come ahead ... dont bet against this country!
Crude at 52.10 tonight at 855 EST just took out the previous recent lows and made another new 5 year low: the next knife-catcher game seems to be shaping up at $50, and the season playoff game looks to be scheduled further down around $42 / bbl:
http://www.investing.com/commodities/crude-oil-advanced-chart
Crude now at 51.90 on its way to 50 and the game of catch-the-falling-drill-pipe seems to have been called on account of loss of financing:
http://www.investing.com/commodities/crude-oil-advanced-chart
I can't imagine why anyone would want to buy crude. It's as worhless a relic as gold.
My screens say that crude at $50 tomorrow morning will drop gas prices 15c more, and DJIA prices 450 points down by Monday's or Tuesday's close. Fill up your tank, and your portfolio, before political corruption sends all values lower.
51 handle confirmed.
one country down, venzuala..
who next?
shit is getting real.
real people suffering...
dollar trauma next?
retalitation on deck?
Re: "one country down, venezuela..who next?"
1. Japan (WIP)
2. Argentina (WIP)
3. EU (WIP)
4. USA (WIP)
Filled mine 12/31...California raised gas tax $0.15 a gallon on 1/1/15. If oil continutes to drop then I'll be back to where I was price-wise before the end of the week.
Let's see that 51__ Handle on WTI tonight!!
btfdipshits....the fed has your back.
Anybody know what the ratio of loans for non-GDP transactions (not relating to producing something that adds to GDP, e.g. stock buybacks) to total loans is? This was an excellent early warning for the Japanese banking take down in the early '90s?
Only thing tumbling faster than oil is bitcoin.
Someone tell tmosely that silver and bitcoin each have some interesting and perhaps useful attributes, but THE PRICE IS TOO DAMN HIGH!
If the fanbois for silver and bitcoin can only get that thru their rather thicks skulls, they might get ahead some day.
The island of the Zombie economy.
Die already Japan so we can see how the US economy dies.
Sorry that the US Federal Reserve PhDs engineered your crap economy.
Crude collapsing further now to $51.77, and where on the charts is there any support between here and $50, or between there $42? Janet? Draghi? Can you say 'Deflationary Collapse'???
The tribe wants all control of Texas' Oil production.
?
1. crash oil prices
2. put all of the small and mid E&P's out of business or in distress
3. Wall Street vultures swoop in and buy their assets for pennies on the dollar
4. start up conflicts in the ME to jack up oil prices again
sounds about right ...
Recently had dinner with my brother-in-law who is also a trader. Asked him how's the trading going and what's his current strategy. "This market is designed for momentum trading, very very hard to do since the timing is crucial." "So, buy the dip?" "Yes"
lol.
You can have a phd if you just read zerohedge for 1 year.
Best part is, it gets delivered personally by guys in black helicopters.
Crude $51.70; next stop $50, DJIA down 450 tomorrow or soon...as the oil credit collapse comes into focus for levereged borrowers and greedy lenders...
http://www.investing.com/commodities/crude-oil-advanced-chart
Wowsers: plunge to $51.47, faster than a falling drill pipe...
http://www.investing.com/commodities/crude-oil-advanced-chart
DEFLATION IS RAMPING UP!!! HANG ONTO YOUR UNICORNS TIGHTLY!!!!
Get to work Mr. Bullard!
All I have read on zh for the last 3 years is how the dollar is doomed, inflation is imminent (or already here, but hidden), oil is about to run out, and gold and silver (and every other commodity) are in basically impossible to find in any quantity other than a few bags of old coins.
Sound familiar?
Sound accurate?
Believe at your own risk.
ZH is a distant early warning system. REALLY distant. All this will come home to roost someday. Just not today.
Everyone things things will play out and happen relatively quickly. Everyone is wrong. If they were even close to right (couple of decades) we would have flying cars by now.
I read zh (not nearly as often anymore) because they used to have a good bearish analysis once in a while, or they would break some bad news that would affect the market, but the extreme hyperbole has made 'ol zh irrelevant now I'm afraid.
Of course we are headed to a very bad place, maybe soon, maybe decades down the road.
I think the zh'ers mistake was misunderstanding austrian economics and not understanding basic concepts such as inflation/deflation.
Just as some folks are permabulls on stocks, it's just as stupid to be married to the extremely simplistic idea that the US dollar, which has been around for 100+ years, is all of a sudden going to become worthless.
It's going to take decades people, get used to it.
Deflation. Japan. No growth. ZIRP. Get used to it.
Here's reality:
The dollar will ease into a warm bath and very slowly the temp will rise until it is back to it's original form: pulp.
Deflation is here and the only inflation is residing in stocks and bonds:
http://research.stlouisfed.org/fred2/graph/?s[1][id]=AMBNS
Oil is plentiful...for now. Cheap oil is temporary...enjoy it.
PMs are plentiful as well, it's called supply/demand/price.
Bullish for US equities I am sure.
On a scale of 1 - 10 with one being bullish and 10 being super ultra mega bullish I give this news about three fiddy.
At the end of the day, once deflation takes a firm stranglehold and the stawk market starts teetering, the printing presses will be fired up. Search your feelings Luke, you know this to be true.
With the Euro in trouble and Japanese stocks tanking Goldman Sucks issues a strong buy for US equities. That is if the globalist central bankers haven't bought it first
Look at that Nikkei, went flat line then exploded higher.
China must have intervened.
Stealth qe to teh rescue
You always have to remember the intervention. A rip-your face of rally back to the upwards trendline.
Central banks cannot allow price discovery.
Looks like they run out of chips in the Shanghai casino. https://finance.yahoo.com/echarts?s=000001.SS+Interactive#
you need to stop cominp with these imaginary numbers....nikkei closed down only 42 pts...https://www.google.com/finance?q=INDEXNIKKEI%3ANI225&ei=tIiqVNHiDpS-8wbh...