I bet you think I am kidding with you when I say the fate of the western world lies in the yen-dollar cross? I am not fucking with you. The yen is higher by another 0.86% v the dollar this evening, to 100.92, bringing out all of the Count Draculas into Asian trade. The NIKKEI is getting pummeled at the open, currently off by 2.4%. Should that cross break 100, I assure you, it will be the death knell to this facade of a bull market. The fucking seals from hell will be lifted and centaurs will kick in your doors and demand money.
DAX futures are down 0.66% and the risk off crowd are gleefully goose marching throughout Wall, clad in their pajamas.
Gold is indelibly higher by 0.5%. Silver is being bid up by Chinese farmers, higher by 1.5%.
The pound has broken down to Margaret Thatcher levels, now below 1.30 v the dollar. And, lastly, the dollar is lifting again v the yuan again–something that no one seems to be interested in.
Fresh low are in for the CNH, as they manipulate their way through the world with a cheap currency and barrels of silver coins in tow.
With today’s delightful move lower in the NIKKEI, it is now off by 20% for 2016–aka in ‘bear market territory.’
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“Flucking A”—Chinese farmer
burn the shit down! there’s no saving it. make it a barn burner!
fuck jpy looks like it will hit 1.3 by aug.
if the dollar got to 120 at the same time jpy hit 1.3.
that would be spectacular fireworks.
Kentucky’s ready to board the ark!
http://www.nbcnews.com/slideshow/life-sized-noah-s-ark-reveal-public-kentucky-n604386
” It was built with the help of state tax incentives and the sale of $62 million in junk bonds.” I thought the onion when I read this.
Is the fly from Kentucky?
It’s almost as if negative interest rates are a bad idea
As Fly stated earlier, if you continue to see weakness in the European money center banks tomorrow, things can really start to deteriorate. I think Friday’s employment report will need to be strong for the bulls to have any firepower.
facade of a bull market
-Where- -have I heard that before-
The side switching was a business decision. [I reckon] Senor…
Points made worth championing
– yen boj-program we pointed out would all just be a joke when it started
– nikkei was ‘ripping’ from “9,000” omg to “19000” omg and everyone told us to shutup/bull market/stocks are strong even though clearly faking growth doesnt work & we were right
– yes after sitting watching USDJPY forced over 100 forced over 110 forced over 120 forced to 125 ha ha mutherf’s, at some point can’t get it going, then at some point, issues will arise beginning the retrace back from the forcing
– finally
The Entire System Will Come The Fuck Down When Enough Of These Supportive-Elements/Areas Can’t Be Forced Anymore In The Direction to Maintain The Overall Post-Lehman Bull Phase. When Enough Of Them Break. The Manipulated U.S. Equities Look Like The Joke They Are. Game – Over