6/6/2013
Nikkei officially in a bear market.Down 20% since May,22.
The dollar had the biggest drop in history vs the Yen a few hours ago.
Japanese bonds stopped trading for at least the 7th time in the last two weeks.Margin calls are pouring in at this point in Japanese markets.Derivatives are blowing up all over the place.
Nikkei sinks into bear market territory; JGBs gain | Reuters
In Japan....it has already blown up.The FED and QE infinity,currency swaps,discount window,and QE1.5(still ongoing)will reduce the impact to a degree here.BUT they can not stop anything happening in the derivatives markets,it is out of their control.That could and very likely will result in banks blowing up(Japans largest bank is down 22% in the last week).So yes it could get ugly very quickly at this point even for the USA markets.Are you saying that "The Bubble" is popping?
JPMorgan Chase stock is down 90% today,sort of.It seems over the last few days HFT programs have been having fun with the stock.It closed yesterday at $965.00 and today crashed back down to $96.5.This is the third time this has happened in the last week.Nothing to see here,move along.
I'm not getting the same graph when I look up JPM on both cnn and google finance?
Ticker JPYYL.I'm not getting the same graph when I look up JPM on both cnn and google finance?
Just a semi educated guess.They manipulated a derivative,and ticked someone off.In return that entity is playing games with the stock.It also has to be an HFT program.The number of bids(millions every nano second)clearly shows it was an HFT program.I found them... thank you! Do you have any insight as to how/why this is happening?
(in simple terms)
Unfortunately I am not well-versed in the world of derivatives and the stock market beyond the obvious basics, but what are we looking at in terms of effects within the short-term (say up to a year from now) as a result of the European recession and now the rapid destruction of the Japanese markets? I can generally understand why things are breaking down, but the next-steps are the things that I have a hard time wrapping my head around.