From iBankCoin who had an interesting post on the U.S. market earlier today, link after the jump:
JAPANESE MARKETS ARE BEING MURDERED; MACHINE ORDERS PLUNGE BY 14.4%
Japanese markets are being rocked, down 700 points, almost 4%. Aside from the ordinary boring nature of people hating stocks and selling them, the non-industrious robot lovers from Japan have provided people with a real catalyst to sell it down. Machinery orders for the month plunged by 14.4%, more than twice the forecast. Since this important data point is a forward looking indicator, one could only surmise that Abenomics has fallen flat on its big stupid face....MOREThis morning:
We’re Crashing Smooth Like Vaseline
Who said crashes weren’t fun?
This morning we got a new Fed head, dubbed Kaplan, say he was biased towards jacking rates the fuck higher and was looking forward to normalizing them. Then we got some other loser from the Fed say the last hike went well, and was totally uneventful.
How is THE WORST START FOR A NEW YEAR IN THE HISTORY OF WALL ST not eventful?
Ever since then, its been a smooth ride lower, all day long. I’ve been busy listening to some of my favorite jazz music, 200% long SPY, pleasantly awaiting my executioner....MORESounds like the dogs in the learned helplessness experiments.