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USDJPY Spike Sends S&P Surging Back Into The Green
Within 50 minutes of the US cash market open, the S&P 500 has been ridiculed all the way back to unchanged - erasing all the losses from tech titan turmoil overnight. The reason is simple! USDJPY was manhandled up to 124.00 just as we predicted... the question is - how much further will the BoJ push it?
with AAPL in major turmoil...
You'd think aggressive buyers/sellers in $AAPL would meeting in the middle and EXCHANGE stock pic.twitter.com/7DbaA2tmTJ
— Eric Scott Hunsader (@nanexllc) July 22, 2015
All because of the BoJ and USDJPY's ramp...
Who could have seen this farce coming...
Just another 15 USDJPY pips until green. You can do it Har-Kur
— zerohedge (@zerohedge) July 22, 2015
Another USDJPY ignition attempt to push ES higher
— zerohedge (@zerohedge) July 22, 2015
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The US stock market is a total fraud and if the world has figured it out, they will. You cannot trigger computer buying on currency rigged trades or Federal Reserve paper! The earnings are terrible and the valuations are ridiculous! They need to let this market sell off.
And K-Hen's dick just went limp...
Yes it is. Why throw money away in a rigged market when I can speculate on sports or hit the Indian casino? I would rather possibly lose money to a Native American Tribe, then certainly lose money to the Skullcap Tribe.
Double down on cardboard... https://www.youtube.com/watch?v=1BNgRpRuWGs It's the coming thing......
And yet all we hear about is what a disaster the Chinese stock market is. I wonder why that dominates the western media?
How much longer will the rest of the world stand idly by while their economies are devestated, they are financially strong-armed, and USUK revels in funny money orgies?
Wish that were true, but TPTB have proven to be very, very good at it. There's very little else that has mattered anywhere near as much in driving prices higher.
http://pebblewriter.com/the-yen-carry-trade-explained/
My point was that it is not a true market and cannot last when their are no fundamentals!
Couldn't agree more re "true market." How long it can last, however, is anyone's guess as TPTB are clearly not acting in the best interests of the common man.
They are much more interested in pumping up stock prices than in reducing debt, keeping real inflation (not CPI!) at reasonable levels, and putting the economy on a sustainable path. In the end (whenever that is) it must fail. But, I suspect there will be much more pain in the meantime because the only alternative is an actual reset -- the one that should have but was never allowed to occur in 2009.
It's a natural outcome of any bubble, and the efforts to mitigate it have morphed into an effort on the part of the (very few, I suspect) well-intentioned politicians/central bankers to prevent it from ever happening again. For the (much more numerous) not-so-well-intentioned politicians/bankers, it's an opportunity to get even richer while the music still plays -- hoping that their personal balance sheets will survive the inevitable crash.
Consider how Japan has repeatedly thrown the average consumer under the bus in order to accommodate its massive debt and budget deficit. Were the politicians to admit how broke the country is and how utterly false their inflation data is, they'd be tarred and feathered. IMO, they're past the point of no return. The US and eurozone aren't far behind. Many third world countries are already clinging by their fingernails.
If the yen carry trade breaks, it's game over. Likewise, the obfuscation of actual derivatives values/exposure. But, TPTB won't go down without a fight. And, you and I and 7 billion of our neighbors, my friend, will be directly in the line of fire.
BOJ only has to take it through 125 and the technical traders will come in and push it into the 130s.
Bullish
That Abe is so funny.
Buy puts on BA, going back to $145 today!
See they need the money to flow into Apple so they will take it from BA which was up, now going back to $145 and maybe lower. Apple has to be protected at any cost!!!
And, you can blind fold them with dental floss!
Yeah, Abe and Krudola are in hyperdrive "full retard" sharks with lasers mode.
Japanese government cuts inflation outlook to 0.6% from 1.4% for FY2015
Yep. And with shitty earnings all the way around and Revenue Falling all the way around and Forward guidance Shitty all the way around, at the open, 1/4 of a Billion dollars of SPY traded UP 40 cents from pre-market levels. This is clearly the most Manipulated fucking joke of a "market" (cough-cough) in history.
And just think, as a spin-head on CNBS indicated, "if Apple had not replaced AT&T in the Dow, the Dow would be up". LMFAO
Who is Har-Kur?
handing out free profits again on yen pairs? lovely.