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Peak Manipulation: Resorting To Contradictory Headlines To Lift Stocks
When stocks absolutely and completely have to go up, there is only one thing for it: the spurious headline from Nikkei (aka the new owner of the Financial Times). It is 2am in Japan but still, after Thursday's headline that:
- BOJ IS SAID TO SEE LITTLE IMMEDIATE NEED FOR ADDING STIMULUS
It is now time for the diametrically opposite:
- BOJ MAY NEED TO EASE AGAIN WITH FED DELAY, NIKKEI SAYS
and sure enough, USDJPY jerks higher and US equities hit the day's highs.
The supreme irony here is in the justification: according to Bloomberg, the possibility of stronger yen, prompted by lower expectations of Fed rate increase this year, may prompt further easing, Nikkei reports, citing unidentified BOJ watchers.
What everyone seems to have missed, is that by being the global funding currency, the Yen has actually plunged on lower expectations of a Fed rate hike. In other words, what we are supposed to believe is that the lower Yen has prompted the BOJ to seek... a lower Yen.
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The Fed lies through its teeth all the time and gets a free pass from the free and fair financial media.
Forward - to more lies
What is so special about Japan? Why does anyone care about Japan?
Good thing there's no manipulation going on......
Moar free money yay YAYYYY!
The hole ain't deep enough yet, so keep digging....
I would like buy an N Alex Riggers!
I am glad to see the BOJ being less hawkish. Buncha tight fisted fish-heads.
great way to run a global economy. depending on headling-scanning-algos to pump stock prices higher to increase market caps.
wonder how its gonna effect capX of oil companies. im sure the fed is in the process of designing an app for that.
Needed to hit a pocket of liquidity to put on decently sized shorts anyhow.
Thanks for the headline unidentified BOJ watcher.
yup. The perfect ingredient for establishing a short position. New memes does not a market make.
So Yen gets weaker and stocks go up because the "global funding currency" is getting weaker? How does borrowed YEN move that quick? Doesn't hedge fund that borrows or the Goldman Sachs guy who wants borrowed YEN have to fill out paperwork? tia
Gravity has been suspended once again.
There's been no correction to speak of.
Millions of American investors will now BTFD or miss the boat 2x.
I'm so bullish on stocks, it is hurting my balls.
Disclaimer.. I was a bear for the last 7 years. Now that all bearish ships have passed, no Hindenburg can crash this Shemitah infested market.
I have to warn you. When the last bears throw in the towel...
Nah.. nothing will happen. Stocks will go up forever.
What on earth do they think they are doing?
Love it...the market tanks because fed doesn't increase rates thus indicating the world is in terrible shape. A month later, the market has passed this temporary sanity and is now jumping because we won't raise rates. Close all shorts sanity did not take.
I have resolved to never again read an article that has the world "may" in the title... or its thesis depends heavily on the word "may".
"May" is not a fact. "May" is not even "will". It is just a bogus word used to manipulate those who don't care about facts.
The beauty of the printed word, is that it can come out in Braille for the faithful.