The NIKKEI roared like a bat out from hell after the BOJ announced it was going to fleece their horde of millionaire octogenarians. At the highs, the NIKKEI was up 600 to 17,638. Then it plunged after people got all confused, and shit, forcing me to amend my headline and look generally childish in my reporting.
However, lo and behold, a more seasoned school of investor snatched up the NIKKEI bargain at 16,767 and have bid it up to where it stands now at 17,300, up 300 or so points.
S&P futures are partying again–higher by 9. I make no assumptions, however, as to where this all ends up. All I know is that people are being used as crash test dummies in the NIKKEI this evening and the folks at BBG news are having a grande old time reporting on it.
If you enjoy the content at iBankCoin, please follow us on Twitter
Looks good. Will $TLT get bid to the moon on this? Everything should be good but those Japanese are used to .25% 10yr. I think.
Frog will know
frog can not tel the difference between a doughnut hole and an asshole. He just just eats them both.
10Y @ 1.93% – Board the ARK
That zika virus is getting ebola type press. All of a sudden. Your $TLT trade looks a lock. With NIRP out of Japan. Fuel for the fire.
And this is why I feared the Bank of Japan Meeting this entire week. Aussie and Kiwi are soaring which normally means the Global Growth Plays will be in full rally mode when we open. China is going to have to jump in and take the Yuan lower after the BoJ is killing the value of the Yen vs the global currencies. Per Google, it appears that BoJ went Negative before in 1998? THIS BEAR is so sick and tired of all the abuse these Central Bankers inflict on us…they can’t stop a bubble, they can only make it more ugly. IMHO if they did nothing in 2009 we would be in much better position at this point.
Why are treasuries STILL rallying… I’m a tad confused.
buying ahead of GDP numbers?