Nikkei in free fall (-7.3%)

[Frozenlock]

Just thought this might interest some of you:

Nikkei down by 7.3% in a single day.


http://e.nikkei.com/e/fr/marketlive.aspx

Weeeeee!

[1713506815]

1713506815

[1713506815]

1713506815

[vokain]

damn. what goes up must come down I guess

[solex]

Wow.  And the Voice of the Banksters (also known as Financial Times) laughs at Bitcoin volatility...

[vokain]

Wow.  And the Voice of the Banksters (also known as Financial Times) laughs at Bitcoin volatility...

Never a better contrarian indicator

[Rockford]

polite question to my fellow stock pros:

the flatline at 11:xx seems familiar

Is this line showing us a "market cool down" induced by the stock exchange?

I always thought of this as a ridiculous gox feature and now I am puzzled due to the fact that the "global players" might do it the same.

[phlogistonq]

Yes, the big stock exchanges do that.

From http://www.bloomberg.com/news/2013-05-23/asia-stocks-swing-between-gains-losses-on-policy-concern.html:

Japan’s Nikkei 225 (NKY) Stock Average and the broader Topix Index both fell more than 6 percent, the most since the aftermath of the 2011 earthquake, and futures trading in Osaka was suspended.

Also, the rapid drop immediately after looks familiar.

Mass psychology of bitcoiners is perhaps not all that different.

[BTC Books]

Yes, the big stock exchanges do that.

From http://www.bloomberg.com/news/2013-05-23/asia-stocks-swing-between-gains-losses-on-policy-concern.html:

Japan’s Nikkei 225 (NKY) Stock Average and the broader Topix Index both fell more than 6 percent, the most since the aftermath of the 2011 earthquake, and futures trading in Osaka was suspended.

Also, the rapid drop immediately after looks familiar.

Mass psychology of bitcoiners is perhaps not all that different.

They just did it again, too.  14,484 now, and more falling after the present cool-down is lifted?

[vokain]

polite question to my fellow stock pros:

the flatline at 11:xx seems familiar

Is this line showing us a "market cool down" induced by the stock exchange?

I always thought of this as a ridiculous gox feature and now I am puzzled due to the fact that the "global players" might do it the same.

Thank you for enlightening me with how much I don't know and how long I haven't been paying attention

[Its About Sharing]

Yes, the big stock exchanges do that.

From http://www.bloomberg.com/news/2013-05-23/asia-stocks-swing-between-gains-losses-on-policy-concern.html:

Japan’s Nikkei 225 (NKY) Stock Average and the broader Topix Index both fell more than 6 percent, the most since the aftermath of the 2011 earthquake, and futures trading in Osaka was suspended.

Also, the rapid drop immediately after looks familiar.

Mass psychology of bitcoiners is perhaps not all that different.

Wow, they froze futures trading! Did they also freeze the market?

Talk about bad news for centrally controlled fiat.

[Gabi]

That is what happens when you start printing money like mad, the yen lost like what, 30% in few months?

[Its About Sharing]

That is what happens when you start printing money like mad, the yen lost like what, 30% in few months?

Actually printing the money like mad is responsible for the rise in stock markets. And for a variety of reasons:

1 - The artificially low interest rates hurt savers. So, many people move some money out of banks and into stock markets.
2 - The Banks are using the new liquidity to buy stocks ("assets")
3 - Corporate stock buy backs in America, who are the largest buyers of large blocks of stocks, are 88% higher than last year. See, when you make free money available, companies will take advantage. They buy back shares, lowering outstanding shares, which ups their profit (fewer outside owners).
I'm sure there are more reasons...

With all the buying coming from the above, I really wonder how it crashed today? A lot of people, for whatever reason, must have sold. Or hedge funds, etc.

But, I do think the game the banks are playing is a lose lose situation and will eventually (in a few months to years) lead to a stock market crash, via the currency crashing.

IAS

[ScaryHash]

Yeah, printing money like mad will lift the stock markets because of devaluation.

However, devaluation will cause investors to sell government bonds, thus driving up the % yield on those bonds, and driving down the price.

There is more debt (government bonds), in Japan than the entire value of the Nikkei index 10 times over.

When there is a push, bonds win, and stock markets lose.

Smart people are selling Japanese government bonds, and taking their money and putting it into Bitcoin.

Oops...I gave away my investing strategy...

Darned it !

[Ivanhoe]

And another hit for the Nikkei today, currently at -6.35%, ouchh.

[Its About Sharing]

And another hit for the Nikkei today, currently at -6.35%, ouchh.

There have been 4 or 5 substantial drops. Those drops I think have been around 12, 7, 6 and 6 percent?

Something is just very very wrong there. Since not long after Japan listened to the FED about Quantitative Easing. Seriously, these banks are just trying to start a collapse.

Funny, they want to get people to stop investing just in bonds, so now some invested in the stock market and look what has happened.