Japan Crashing

[smokingman]

Why is that disingenuous chart in points and not percents? A 2k pt drop from 20k is not the same as a 2k pt drop from 40k. I'm shocked, SHOCKED I tell you, to learn that the 2 biggest point drops occurred when the Nikkei was at all-time highs near 40k.

I'm starting to see why you've successfully predicted 438 of the last 2 stock market crashes.

It is down 7+% on the day, so far. On top of losses last Friday. With hundreds of billions in derrivatives blowing up. It will be felt here to.
I remember 2008 when we dropped 8% in a day, and the trillions spent bailing out the banks soon after. It will not be same song different day. Japan has a central bank that is the largest holder of US debt. Expect to feel that impact as our bonds get hammered.

Why Is the Bank of Japan the Largest Asset Holder among Major Central Banks?

Among four major central banks, the Bank of Japan is currently the biggest asset holder—with assets worth more than 100% of Japanese GDP.

www.stlouisfed.org

 

[smokingman]

"In overnight trading today alone, the Magnificent 7 have erased nearly $500 BILLION of market cap."

It will be felt here.

 

[Michigan Slim]

My utility stocks are doing well. Steady rise oner the last couple weeks.

 

[Ark]

Wasn't it at all time highs after years of sustained, rip roaring, coke fueled AI hysteria?

Everyone knew a correction was coming.

 

[Super Bee]

Selling off half his Apple stock. He either knew something all of us did not or he is part fortune teller.

 

[BehindBlueI's]

I don't follow Asian markets very closely, but hasn't the Japanese market been in doldrums for the majority of the past decade or so? Deflationary pressure, an ageing population with a low birth rate and restrictive immigration leading to declining population, etc? Seems like that's been the high level summary for quite awhile now.

 

[smokingman]

I don't follow Asian markets very closely, but hasn't the Japanese market been in doldrums for the majority of the past decade or so? Deflationary pressure, an ageing population with a low birth rate and restrictive immigration leading to declining population, etc? Seems like that's been the high level summary for quite awhile now.

You forgot to mention debt. They kept that at bay with 0% interest or negative interest for a long time, but the bill is due.

 

[BehindBlueI's]

You forgot to mention debt. They kept that at bay with 0% interest or negative interest for a long time, but the bill is due.

That's kind of the norm for deflation, right? Deflation makes old debt more punishing and also rewards delayed spending. People stop borrowing and stop buying. Add in dwindling population reducing demand for goods and services and it's a tough spiral to pull out of. You either have to get more people, get more markets, or get more money to move, and they aren't getting more people. Regardless, like I said I don't follow their markets very closely so don't know their overall debt numbers.

We all complain about inflation, rightfully so when it's out of hand, but *some* inflation is needed for economic growth.

Funny thing is I remember when Japan was the apocalypse of the day and was going to crush our economy. I bet we did more damage to ourselves long term with NAFTA than Japan has ever come close to, but maybe I'm wrong.

 

[Mij]

Don’t know squat about paper, but gold is going up. Now at 2451.00 up 500+ for the year. As gold goes up, silver will have to follow. After all they have to keep the ~80:1 ratio. JMO

 

[blain]

Japan is the largest foreign holder of U.S. debt.
I wonder what they're going to do?

 

[Magyars]

Another tidbit.

Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Magyars]

Dow futures down 600 plus points!

 

[KellyinAvon]

Finally heard a news reference to Japan's stock market dropping 12%. Once again INGO is out in front on current events.

 

[Magyars]

 

[ancjr]

 

[foszoe]

Every Crash is the ebmnd of the world. That's what's those of us who keep some cash hope for.

I haven't got to my coffee yet. Did Japan set a new 52cweek low or is it still up on a 1 year graph?

 

[smokingman]

Every Crash is the ebmnd of the world. That's what's those of us who keep some cash hope for.

I haven't got to my coffee yet. Did Japan set a new 52cweek low or is it still up on a 1 year graph?

They are well past that 52 week low. They have lost 12.4% today,down more than on 1987's black Monday and that is with circuit breakers they did not have back then. Everything froze up do to the breakers, otherwise it would have been worse.

https://www.cnbc.com/2024/08/05/asia-markets.html

Our opening does not look great,unless you are short. SQQQ is currently up 26.46% since Fridays close.

 

[Magyars]

And the VIX is up 46% or so

Futures VIX Chart Daily

Stock screener for investors and traders, financial visualizations.

finviz.com

 

[Magyars]

View attachment 370968

Guys like a weatherman. Never seems to get it right yet continues to keep his job.

 

[smokingman]

Guys like a weatherman. Never seems to get it right yet continues to keep his job.

His most famous moment was his enron call or SVB. There is an ETF that bets the opposite of what his calls are SJIM(it loses money to because it uses way to much leverage, if it did not use 3x it would be up for the year but one bad call 3x leverage wiped it.) lol.

Jim Cramer touted SVB one month before crash | Fox News Video

CNBC's Jim Cramer defended the potential of Silicon Valley Bank mere weeks before the institution had a collapse of historic proportions.

www.foxnews.com