Despite the hope-driven exuberance exhibited immediately post the Abe/Kuroda show, the USDJPY-pumping stock-momentum fest has ended - abruptly. Japan's Nikkei 225 has lost all its gains and is now trading below US day-session lows (3-month lows) but it is the broader TOPIX index (more akin to the S&P 500) that is collapsing. Down almost 5% on the day (its biggest drop since the May collapse), the TOPIX is at 4-month lows. The TOPIX Real Estate index just hit a bear-market - down 20% from Dec 31st highs. Japanese sell-side shops are in full panic desparation mode as "suggestions" that a sub-14,000 Nikkei will prompt an acceleration of Japan's QQE money-printing idiocy. This is getting ugly fast.
http://www.zerohedge.com/news/2014-02-03/japanese-stocks-freefall-topix-plunges-almost-5-4-month-lows
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Just a friendly reminder...
Major Ed Dames foresees worldwide financial collapse triggered by Japan's economy suddenly failing.
http://covertress.blogspot.com/2012/04/major-ed-dames-solar-kill-shot.html
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