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Look out below... literally!

Luckily we didn't hear anything more about Vomiting Camel formations but there was certainly an ample amount of "it's priced in" blaring in the background.

Two years ago, when we first profiled Japan's mysterious "Mister Watanabe" daytrader - aka CIS - we thought it may just all be a hoax. But, as his claims this week that he made $34 million trading the panic on Monday - "I do my best work when other people are panicking," Bloomberg reports, CIS - who claims JPY20bn AUM, has become a cult figure among Japan’s tight-knit community of day traders. Notorious for lines like "Not even Goldman Sachs can beat me in a trade," CIS drops some knowledge this week on how he has become so successful... "Buy stocks that are being bought, and sell stocks that are being sold." Just don't tell Cramer.

Why does one need a handheld flamethrower, you ask? Here are some "ideas" from the Ion Productions' official XM42 website: 1) start your bonfire from across the yard, 2) kill the weeds between your cracks in style, 3) clearing snow/ice, 4) controlled burns/ground-clearing of foliage, 5) insect control.

With China's equity bubble now squarely in the rearview and the stock market crash making headlines the world over, Beijing is out for blood in a desperate attempt to find a scapegoat for a market rout that has rattled the country to the core. In what is perhaps a worrying sign of things to come, overnight China arrested a journalist and a top investment banker for "spreading fake trading information" and "illegal trading", respectively.

... or why the number 119.00 is the most important in the world right now...

Vester Lee Flanagan - aka Bryce Williams - the gunman who killed two journalists during a live broadcast in Virginia has attempted suicide and is "in a very critical condition", media report.

In a stunning update, the disgruntled employee gunman - has tweeted the moment he killed the two news people... (video has been removed from his twitter and facebook account which are now suspended). While Americans are becoming numb to inner city violence, shooting sprees, and lone gunmen at military installations, the following stunning clip - from live TV at the Bridgewater Plaza in Bedford County, Virginia - of a reporter and photographer being shot and killed is likely to raise the public's awareness of the underlying chaos occurring under the surface in America every day...

Google delivers its verdict...

Update: Chinese Police arrested managing director Xu Gang of China's No.1 brokerage CITIC Securities

The Asia morning begins mixed in stock markets, The PBOC explains itself "this is not a shift in monetary policy," - except it is the first such set of measures since 2008, further deleveraging as China margin debt drops CNY1 Trillion from June peak to lowest since March, Regulators begin probing securities firms (and their malicious short sellers), Index futures trading fees will be raised and trading positions restricted. Stocks are limping only modestly higher (after the rate cuts) as Yuan is fixed at 6.4043 - the lowest since August 2011.

UN Privacy Chief Joseph Cannataci says we are dealing with a world even worse that anything Orwell could have foreseen..."there are many parts of the English countryside where there are more cameras than George Orwell could ever have imagined. So the situation in some cases is far worse already"

Markets are writing a new storyline...

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