JAPANESE STOCK AND BOND MARKETS CRASH OVERNIGHT,SETTING STAGE FOR MORE BIG U.S. LOSSES.
GRA:All that's needed is a new oil debilitating war in the mid-east.
(ZH)Friday,we predicted possible upheaval Sunday night and we were right, because by deciding to hike rates into an economic showdown, the BOJ - which as we noted last week "changed the rules" again - has unleashed a financial apocalypse by creating a positive feedback loop that culminates with a deflationary collapse of all assets (as the bank now goalseeks a surge in the yen and thus deflation and economic devastation) which has led to not only to the Nikkei promptly entering a bear market from its all time high hit just 3 weeks ago and wiping out all of its year to day gains, not to mention collapsing 15% since last week's BOJ meeting which we knew would be a disaster...
... which has also just suffered its biggest two-day drop in history, surpassing Black Monday...
... but also the halt of trading of both its peer, the Topix...
*CIRCUIT BREAKER TRIGGERED FOR TOPIX INDEX ... as it too enters a bear market...
*JAPAN'S TOPIX INDEX FALLS 20% FROM JULY PEAK
... and the entire Japanese bond market:
*CIRCUIT BREAKER TRIGGERED FOR JAPAN GOVT BOND FUTURES Meanwhile, among today's freefalling stocks are such names as the iconic Nintendo...
*NASDAQ 100 FUTURES DROP AS MUCH AS 2% ...and perhaps something more troubling, is that Japan's megabanks are in freefall, starting with Mizuho...
*MIZUHO SHARES FALL AS MUCH AS 12%, MOST SINCE MARCH 2020 and ending with Japan's largest bank, its JPMorgan, if you will, which just plunged the most on record!
GRA:Quite the prospect for Monday in the U.S. and Europe.Can the Japs do anything to reverse their bank selling? These things usually don't last too long,but while they're happening,the losses are quick and staggering.
To see all the fake money disappear in a few hours puts a smile on my face.Why?What THEY have built with phony monetary policy can be removed overnight.Bitcoin,stocks,currencies all fake numbers.So are sports salaries and net worth's of teams.It's important to keep the charade going or you have a depression.Will they muck it up?Hard to say what the goal is,this close to our election.The Fed will buy stocks at some point. Whether the "crisis" overrules them--who knows?
My point is,we live in a complete fantasy,as far as monetary systems go.
JUST WHEN YOU WANT TO SELL,BROKERAGE HOUSES' WEBSITES GO DOWN
(Zh)US retail traders are panicking this AM after likely receiving push notifications on their smartphones about market turmoil in Asia and Europe, which has since spread to the US premarket. Now that the cash session is about 15 minutes underway, website monitor DownDector reports outages are emerging across several major US brokerage houses as everyone tries to log into their accounts and sell stocks.
DownDector reports that users of Charles Schwab, Fidelity, Ameritrade, Vanguard, and E-Trade are all reporting website outages, which have been surging around the start of the US cash session.
...OR... your mailed-in ballot may be counted two, three, or a hundred times or more depending on who cast it and for whom. Those midnight blue lines on the graph don't just spike up vertically on their own. The late-night ladies in Atlanta are vote count wizards, got such a supple wrist, feeding the tabulators*.
*Not to be construed as an encouragement to write mean tweets and emails to those hypersensitive gals, lest they come after me, too, for $148 million.
JAPANESE STOCK AND BOND MARKETS CRASH OVERNIGHT,SETTING STAGE FOR MORE BIG U.S. LOSSES.
ReplyDeleteGRA:All that's needed is a new oil debilitating war in the mid-east.
(ZH)Friday,we predicted possible upheaval Sunday night and we were right, because by deciding to hike rates into an economic showdown, the BOJ - which as we noted last week "changed the rules" again - has unleashed a financial apocalypse by creating a positive feedback loop that culminates with a deflationary collapse of all assets (as the bank now goalseeks a surge in the yen and thus deflation and economic devastation) which has led to not only to the Nikkei promptly entering a bear market from its all time high hit just 3 weeks ago and wiping out all of its year to day gains, not to mention collapsing 15% since last week's BOJ meeting which we knew would be a disaster...
... which has also just suffered its biggest two-day drop in history, surpassing Black Monday...
... but also the halt of trading of both its peer, the Topix...
*CIRCUIT BREAKER TRIGGERED FOR TOPIX INDEX
... as it too enters a bear market...
*JAPAN'S TOPIX INDEX FALLS 20% FROM JULY PEAK
... and the entire Japanese bond market:
*CIRCUIT BREAKER TRIGGERED FOR JAPAN GOVT BOND FUTURES
Meanwhile, among today's freefalling stocks are such names as the iconic Nintendo...
*NASDAQ 100 FUTURES DROP AS MUCH AS 2%
...and perhaps something more troubling, is that Japan's megabanks are in freefall, starting with Mizuho...
*MIZUHO SHARES FALL AS MUCH AS 12%, MOST SINCE MARCH 2020
and ending with Japan's largest bank, its JPMorgan, if you will, which just plunged the most on record!
GRA:Quite the prospect for Monday in the U.S. and Europe.Can the Japs do anything to reverse their bank selling? These things usually don't last too long,but while they're happening,the losses are quick and staggering.
--GRA
As of 2 am Monday morning,the nikkei is down 13%,bitcoin down 16% and nasdaq futures off 6% percent.
DeleteA wild one is in store.
--GRA
To see all the fake money disappear in a few hours puts a smile on my face.Why?What THEY have built with phony monetary policy can be removed overnight.Bitcoin,stocks,currencies all fake numbers.So are sports salaries and net worth's of teams.It's important to keep the charade going or you have a depression.Will they muck it up?Hard to say what the goal is,this close to our election.The Fed will buy stocks at some point. Whether the "crisis" overrules them--who knows?
DeleteMy point is,we live in a complete fantasy,as far as monetary systems go.
--GRA
Excuses already? This will instill confidence in the system,lol.
ReplyDelete--GRA
JUST WHEN YOU WANT TO SELL,BROKERAGE HOUSES' WEBSITES GO DOWN
ReplyDelete(Zh)US retail traders are panicking this AM after likely receiving push notifications on their smartphones about market turmoil in Asia and Europe, which has since spread to the US premarket. Now that the cash session is about 15 minutes underway, website monitor DownDector reports outages are emerging across several major US brokerage houses as everyone tries to log into their accounts and sell stocks.
DownDector reports that users of Charles Schwab, Fidelity, Ameritrade, Vanguard, and E-Trade are all reporting website outages, which have been surging around the start of the US cash session.
GRA:Rigged like our elections.
--GRA
STOCKS,BITCOIN CUT LOSSES IN HALF AT 11 A.M.
ReplyDeleteGRA:A slow clawback by most financial assets,though the Nikkei index remained at its lows--down almost 9000 points in 2 weeks--to 31000.
The S&P is down about 3% and bitcoin 8% as of 11 a.m.
Days like today are never decided until the last half hour of trading,where selling normally ramps up to a crescendo.
Maybe today is different?Will the Fed intervene?
Stay tuned.
-GRA
...OR... your mailed-in ballot may be counted two, three, or a hundred times or more depending on who cast it and for whom. Those midnight blue lines on the graph don't just spike up vertically on their own. The late-night ladies in Atlanta are vote count wizards, got such a supple wrist, feeding the tabulators*.
ReplyDelete*Not to be construed as an encouragement to write mean tweets and emails to those hypersensitive gals, lest they come after me, too, for $148 million.