Posted on 06/12/2013 7:28:58 PM PDT by blam
JAPAN IS CRASHING
Joe Weisenthal
Jun. 12, 2013, 9:36 PM
KAPOW!
Japan is crashing again.
Earlier the Nikkei was down 5%. Now it's down over 6%.
USDJPY (the dollar against the yen) is down to 95, which indicates significant yen strengthening.
Not only is this a remarkable turn events for the Japanese market, but the long Nikkei/short yen trade has been one of THE trades of 2013 so far, so this is a brutal kick in the ass for hedge funds and speculators.
And it's clear the bloom is coming off the rose for Abenomics (to some extent) the monetary stimulus shock treatment designed to get Japan out of the doldrums.
(Excerpt) Read more at businessinsider.com ...
Down about 5% now. But that’s still pretty big, considering how much it has already dropped.
http://finance.yahoo.com/intlindices?e=asia
The entire world has no confidence in the Obama regime. No wonder overseas markets are plummeting. The Kenyan Marxist is poison for business — anywhere, everywhere.
Even the other Marxists are disgusted with this evil bastard.
. . . in a market with $100+ trillion of risk assets.
Futures don’t always tell you what will happen when the market opens. Last night, the Dow futures were down about 7 pts., when I last checked. But today, it closed down 127.
No worries, the plunge protection team is on the way.
Good to know. Thanks.
When I hear people use Soros’ name, I don’t think of the evil old man as the old Nazi guard that he was reported to be. Rather, I think of him as a “financial front” for the global rulers.
that it a very orderly decline, btw, according to that chart.
then he's covering, because (all other things being equal) asset values are inversely related to currency values (as the currency is the denominator of the nominal asset value).
Not the ones I know. I have been listening to the most sickening rationalizations by liberal relatives to justify NSA, Benghazi, IRS et al. There is *nothing* that could be done to dissuade my wife's uncle from sticking with Zero and the Dems. IMO, that is, in and of itself, proof that what is going on will continue and get worse.
By the time Obama and co. are done with the U.S., 61 will be the high.
It’s disgusting. Obama could start rounding up conservatives and put them in camps and they’d be happy. I saw a “man on the street” type segment on a college campus and the students were glad the IRS was going after conservatives.
Could been my little buddy Godzilla LOL!
So Godzilla’s fault RIGHT
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