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Something Just Snapped - Sudden Yen Strength Sends Crude, Copper & China, US Stocks Sliding
Catalysts are unclear for now - whether it was stronger than expected industrial profits in China, tensions growing in the South China Sea, or more chatter of no imminent increased easing from BoJ - but broadly speaking, JPY strength (lower USDJPY) is weighing on risk assets across the world as US, Japanese, and Chinese stocks tumbles (US Treasuries bid) and crude and copper prices slump.
USDJPY broke back below 120.50 (erasing its post-PBOC move)...
And as goes JPY, so goes US equities... with the S&P giving up all its post-PBOC gains...
JPY strength (left) and a sudden safety bid to US Treasuries (right)
Sparking derisking in Japanese stocks (left), US equities (middle), and Crude (rightz-0
For now paper gold prices have yet to react but Bitcoin jumped notably...
Charts: Bloomberg
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Dump everything before the gov't shutdown next week :)
I am really getting F**king tired of this roller coaster shit. Let them all crash already.
they didn't sink the USS Yellen did they?!
It's all just manipulated. Some Central Bank somewhere will just push a different button and change things. It's like watching porno, the end result is always the same
A big white mess on a piece of tissue paper?
as i was told about her birthday present, need not be big, need not be tissue paper.
"A big white mess on a piece of tissue paper?"
White? I need to see a doctor!
Welcome to the mind screw.
Stick around....we think you're really gonna like this.
Bitcoin has indeed been on a tear lately.
You could make a good case for trading BTC for gold now: the BTC:Au ratio is 3.97, it's been awhile since it was that low (means a good time to buy Au).
htpp://www.ounce.me
Yen "strength"? Is this some kind of a never ending joke?
Yeah because it's hilarious.
Can we as the ZH community create a company that prints currency (on behalf of whoever outsources to us) so we can help out these struggling nations trying to meet demand? We will print all the currency you want for a 20% physical gold fee.
There is a German company that already does that.
http://www.gi-de.com/usa/en/products_and_solutions/products/banknotes/Ba...
I think their fee is lower than yours..
i take gold, u get paper. and have a nice day...
I must not be familiar with porn these days. I didn't think it ended with people hanging from lampposts and blood overflowing the gutters.
Best hit so far this morn, RC....
No but the USS Lassen is sailing. Bet there is a causal relationship.
freudian slip :(
LOL I would prefer thay sunk the Yellen but life isn't fair.
I'll have the casual relationship, and a side of you know what.
Salad. No dressing.
where's the meat?
Let's get 'er done. Let the chips fall where they may
Half of them will crash, the other half will go to the moon. The trick is buying the right half.
Wait -- I thought the price of crude had something to do with supply and demand. Nevermind, I didn't.
"Nevermind, I didn't. "
The hell you did.
Will end green on Tuesday.
China cut 7 day repo rate. drops came shortly thereafter.
Yen can cook !!!
And Gold / Silver Did???? ...wait for it...nothing. Bummer. The question is WTF not?
#Goldbuglivesmatter
My pet rock has just been sitting here too, doing nothing all evening. Strange.
short-term hiccup. Tuesday after hours AAPL reports, and it'll be to the moon with new NASDAQ high for the year. Just wait and see.
all those watches, ha...
Death throws.
Yellen has a yen for going to Spratly ports with Lassen ?
More buy the dip talk tomorrow.
Everyone is now trained that it always goes higher.
QE4 is a certainty as are larger Wall Street year-end bonuses.
If you are a timer or try to be one, the sweetspots are nov-may.....good returns definitely wall st. bonuses are coming.
Funny how often my old FP would come out from under his rock around those very times.
Crude and copper are risk assets and pieces of paper and electronic digits are rock solid.
Damn straight. The world may go all Mad Max but at least I'll have my electrons.
As long as you can get a streetcorner handjob for 1 Bitcoin, it still has value.
Heck, for a single Satoshi I can get a Cleveland Steamer!
Not sure where you live but I havent seen a single hooker carrying a computer standing on the corner in my neighborhood.
Where I live, I'm more worried about some of the other things that the local hooker might be carrying.
isn't crude and copper used in moar war?
China containerized shipping volume sort of shit itself... http://davidstockmanscontracorner.com/china-containerized-freight-index-...
...with its pants still on.
Treasury skirt wearing Jack Lew warning signals to raise the national debt level before November 3, 2015. Have fun. You have to love the Zionist Jews creating new fear models to control the transvestite groups to convert to transgender under Talmud law.
http://www.nsahaiku.net/terms.html
I guess that means no "liftoff"
http://taomacro.com/liftoff-well-into-the-future.html
All this reality is getting in the way of my bull market.
Come on PPT unfuck yourselves.
/sarc
Come on, Blythe: show me how to unfuck myself.
https://www.youtube.com/watch?v=B_nWjpfThLQ
Has been painful (OUCH!)...stayin SHORT!
the only way to roll
Without a steady supply of QE money - the vulture big banks have been going after specific hedge funds, commodities, and currencies in order to keep their Christmas bonuses! The escalator that everyone could ride up is no longer big enough. Thus the big banks needed to get enough people short two weeks ago that they could squeeze them - and they did!
This is bullish for Facebook right?
=IF("BAD NEWS", "BULLISH", "BULLISH")
I sometimes think ZH is a bit overly tilted to the negative. When was the last positive story on the economy? However, the negativism may be well deserved in today's highly manipulated centrally planned economies.
I went to my 401k news section and here is the list of stories they gave me:
Exclusive: Wal-Mart seeks to test drones for home delivery, pickup REUTERS — 3:58 PM ET 10/26/15 Oil prices extend losses as glut worries persist REUTERS — 10:42 PM ET 10/26/15 JPMorgan Chase says it is building a rival to Apple Pay REUTERS — 5:16 PM ET 10/26/15 Drugmaker Valeant raises detailed defense but doubts remain REUTERS — 1:02 PM ET 10/26/15 UPS counting on small retailers to save Christmas REUTERS — 4:32 PM ET 10/26/15 In the rearview mirror: car designer warns on Google game changer REUTERS — 11:18 PM ET 10/26/15 Exclusive: Deutsche Bank reviews future of Italian business REUTERS — 4:52 PM ET 10/26/15 VW considers discounts to owners of cars with cheat software in Germany - source REUTERS — 1:28 PM ET 10/26/15 With global outlook weak, many U.S. companies tighten belts REUTERS — 11:48 AM ET 10/26/15 Now, this is not from but it sure as hell looks about the same. It's at least 80% negative, especially when you move past one-company reports. Of course we know this is bullish in the opposite-world of investing today, right?Looks to me like CLICKBAIT!
Every small investor should know by this point that mainstream media is controlled for a reason: to uphold a critical mass of bagholders when insiders are ready to SELL. When's the last time you ever heard an authorized mouthpiece stand up on the air and say "THEY ARE SCREWING YOU... GET THE HELL OUT?!"
Actually it the Yen that controls the crash
The moment Yen crashes $ will too , then euro then...
all.
All fall down
Ring A Ring A Roses (all get diseased)
PRINT MOAR MONIES!!!!!!!!!
This happens every couple of weeks.
Don't come too close to the Spratly islands.
Ok ill say it buy gold and bit coin because the fed blinking on interest rate rise means that least dirty shirt has fallen. There is no safe currency left.
Like the proverbial broken clock it has finaly at long last come zerohedges turn to right.
Headlines from next summer:
Economic indicators continue to worsen. Stock market continues to set 52 week highs. Stock manipulation compared to China.