Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market by deciding to hike rates into an economic showdown, the BOJ - which as we noted last week "changed the rules" again - has unleashed a financial apocalypse by creating a positive feedback loop that culminates with a deflationary collapse of all assets (as the bank now goalseeks a surge in the yen and thus deflation and economic devastation) which has led to not only to the Nikkei promptly entering a bear market from its all time high hit just 3 weeks ago and wiping out all of its year to day gains, not to mention collapsing 15% since last week's BOJ meeting which we knew would be a disaster...
Man, you folks bitch too much. Such pussies. BOJ did the right thing by containing the inflation. This will do more good than harm in the long run.
He we fu,*king go again!!!! Stop with the fu*king halting. I'm sure will have our circuit breakers going off in only hours here in the US. Let the collapse just be. No halts on the way up though. Just down.
Congrats to Nikkei 225 for breaking its day range record. Today's day range is at least 4200 points !!!!!