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 ...
IIRC, Soros recently shorted the Yen.
And exactly why do we know that?
Knock on effects for us?
Soros counts on people knowing when he shorts something, so they can all jump on the sinking ship.
DJIA futures down 61@ 19:36 PDST
Noboody has any idea what he’s doing. You know what he want’s you to know. For his own reasons.
DJIA futures down 61@ 19:36 PDST
Is 61 a lot?
He’s a freaking liar.
Soros is a completely irrelevant little player in the capital markets.
Gossamer wings, Fairy dust, Stock Markets. And this from one who wholeheartedly believes in the efficacy of capital markets.
Yark!
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.
-0.41 percent.
Hang Seng is getting smoked too.
It has been forever thus. If it really happens, what took so long?
So let me guess, the Dow will go up +200 tomorrow?
-0.41 percent.
That doesn’t seem to be that much, then. But I have no idea.
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