350zCommtech's Account Talk

[350zCommTech]

BOJ Offers Y800bn 3-Month Funds At 0.1% Via New Lending Facility

TOKYO (Dow Jones)--The Bank of Japan offered Thursday to provide up to Y800 billion worth of three-month funds at 0.1%, via a new lending facility that it announced earlier this month.
On Dec. 1, the BOJ announced a new liquidity-provision measure to lend a total of around Y10 trillion in three-month funds at a 0.1% fixed rate.
Under the new measure, the central bank will accept government and corporate bonds, commercial paper and loans on deeds as collateral.http://www.nni.nikkei.co.jp/e/fr/tnks/Nni20091210D10JF843.htm

Y800B @ .1% plus more stimulus and the Nikkei does this?


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Next stop 9700?

 

[350zCommTech]

If TNX can get to 3.5, I'll consider making a move into the F fund for a very short term play.

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Close enough. I'm going F Fund. This rally in stocks appears to be all YEN related. Maybe it's that Y800B? This is a very short term move. My plan is to move from F to stocks later next week.

 

[mayday]

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Close enough. I'm going F Fund. This rally in stocks appears to be all YEN related. Maybe it's that Y800B? This is a very short term move. My plan is to move from F to stocks later next week.

I take it this is your first move of the month?

 

[350zCommTech]

I take it this is your first move of the month?

Yes.

 

[JTH]

Might be good timing, today could establish the next swing low in AGG. Better hope so at least, I'd hate for us to put in a lower swing low.

 

[350zCommTech]

Bernanke, you SOB!

TNX goes above my target of 3.5% after a failed auction and Bernanke and company fire up the printing press driving down both the 10 and 30 yr.

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[Minnow]

How bout that 30yr auction today Z? You may have played this one to perfection in the F fund. Don't wanna jinx you, though.

Good luck.

---and you respond before I can get it outta my computer...

 

[350zCommTech]

How bout that 30yr auction today Z? You may have played this one to perfection in the F fund. Don't wanna jinx you, though.

Good luck.

---and you respond before I can get it outta my computer...

Thanks Minnow. Both stocks and bonds are being pumped right now. 30 yr auction scared Bernanke?

 

[Minnow]

Thanks Minnow. Both stocks and bonds are being pumped right now. 30 yr auction scared Bernanke?

Scared? who knows? just looks like a big statement from the bond market telling Ben that they don't believe him when he says inflation is under control or even manageable given the issuance coming in the foreseeable future.

i read that santelli gave the auction an "F+"

 

[350zCommTech]

Scared? who knows? just looks like a big statement from the bond market telling Ben that they don't believe him when he says inflation is under control or even manageable given the issuance coming in the foreseeable future.

i read that santelli gave the auction an "F+"

It's not about inflation. Foreigners are not buying. Ben and PDs make up the majority of the market.

 

[Minnow]

It's not about inflation. Foreigners are not buying. Ben and PDs make up the majority of the market.

they did change the rules about who is and who isn't considered an "indirect bidder" didn't they?

if it's not about inflation, then what's your take?

 

[350zCommTech]

they did change the rules about who is and who isn't considered an "indirect bidder" didn't they?

if it's not about inflation, then what's your take?

We are not consuming their goods like we used to and they have problems of their own. And the declining dollar doesn't help. Japan can't get out of a deflation. When those Chinese factories closed, what happens to all those people?

I'm sure there other reasons.

 

[350zCommTech]

Warren better get on that phone to Bernanke quick.


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[Bullitt]

Wait until it becomes mainstream news that Japan is selling our treasuries. Just wait. How is Japan going to pay for this new stimulus they're putting into effect? This isn't something that the insiders want us citizens to know is happening and meanwhile the broker dealers will continue telling mom and pop to stay away from stocks because the rally has run too far too fast. I'm so glad I've been CNBC free for almost 2 years now. What a better investor I've become. No more being swayed by those pump monkeys, perma bears and grumpy clueless commentators....

Countries selling treasuries is nothing new, it happens every now and then. Big deal right? Problem is, humans look at things like charts and indefinitely project the recent future into the distant past, ie: foreign countries will continue to buy treasuries. We've always been saved by the bell due to the insatiable demand for treasuries by all those Euro Dollars we've sent abroad. Selling pressure in an uptrend is easily masked by the demand driven by the good times. Selling pressure in a downtrend... not so good.

 

[Birchtree]

Japan will be fine - there is always someone around that will purchase a new 380Z to keep them going. I'd really like a new Acura RL for the wife so I can have her car and trade my Acura CL 3.2.

 

[JTH]

I've been CNBC free for almost 2 years now. What a better investor I've become. No more being swayed by those pump monkeys, perma bears and grumpy clueless commentators....

What's amazing is they almost never talk about the overseas markets, instead they hyperfocus on 2-3 American markets like that's the only thing going on. I still watch a little Fast Money/Kudlow.

It's weird when I look at my charts and listen to those azzhats. I'm like "Are they watching the same thing?" The way I see it, when they tell you to buy, you'd better sell before they get out of their positions...

 

[JTH]

Japan will be fine - there is always someone around that will purchase a new 380Z to keep them going. I'd really like a new Acura RL for the wife so I can have her car and trade my Acura CL 3.2.

I respectfully disagree and so does this Death Cross...
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[350zCommTech]

I respectfully disagree and so does this Death Cross...

LOL....


The chart below looks painful but very optimistic.

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[350zCommTech]

I'm only 20 minutes into this video. It's over 2 hours long. Opinions appreciated.

The Fall of the Republic

 

[KevinD]

I guess I know what I'll be doing this evening.