Japan stocks plunge 7% \ stacker news ~econ

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Japan stocks plunge 7%www.cnbc.com/2024/08/05/asia-markets.html

1059 sats \ 49 comments \ @siggy47 5 Aug econ

It's not over yet. Saw this on the horizon 2 months ago and posted #579350....

Watch the Nikkei these next few weeks & months. It could well spread. There's an anime called Jujutsu Kaisen (S2, E46) that has laid out a semi-fictional story on events. Predictive programming perhaps, given anime popularity in Japan. It mentions with detail that Japan is the first sign of cracks worldwide, showing in detail with charts the Nikkei to drop to 26,000. Currently the Nikkei is 38,403 so that would be ~40% drop in all equities there.

In such a scenario inflation of the Yen will accelerate as this spreads, which will prompt the Bank of Japan to sell even more U.S Treasury bills to defend their currency. That will in turn cause the Federal Reserve to start printing more dollars to buy back U.S T-Bills to defend the US dollar. This may cause in-fighting between countries to get more prevalent. And therefore we may see some distractions to mask all of this. Japan may be about to drag all other developed nations down with them.

https://imgprxy.stacker.news/SGJ9N6p7qi45c3egQLd0is3IPlKWZwRu66SKieyBB98/rs:fit:2560:1440/aHR0cHM6Ly9wYnMudHdpbWcuY29tL21lZGlhL0dKdlhoeTBid0FBcjJvNz9mb3JtYXQ9anBnJm5hbWU9bGFyZ2U

Intervention is near.

0 sats \ 0 replies \ @Fabs 5 Aug

Well hot damn, good catch!

Aren't "The Simpsons" notorious for calling out future events (like the above, possibly) before they occur?

0 sats \ 0 replies \ @blocktock 5 Aug

Pretty crazy that an anime would call-out a Nikkei price target, on screen. Not that far-fetched though when you see the chart. There's a solid base at 26k.

0 sats \ 0 replies \ @siggy47 OP 5 Aug

Possible. It will be interesting to see how long it takes for the BOJ to return rates to zero. Once that happens it might be off to the races.

76 sats \ 1 reply \ @Undisciplined 5 Aug

As dramatic as you were anticipating?

118 sats \ 0 replies \ @siggy47 OP 5 Aug

It's pretty ugly.

44 sats \ 0 replies \ @Satosora 5 Aug

More things are going to fall and stumble before they get back on their feet.

44 sats \ 22 replies \ @grayruby 5 Aug

Pretty ugly. Could be a nasty day for Wall St tomorrow.

50 sats \ 16 replies \ @siggy47 OP 5 Aug

That's what I've been saying all day to anyone who would listen.

64 sats \ 15 replies \ @grayruby 5 Aug

Good news for sat stackers.

50 sats \ 14 replies \ @siggy47 OP 5 Aug

Yes it is. Ready for some smash buys. Tomorrow's open could be sweet

43 sats \ 13 replies \ @grayruby 5 Aug

I have never sold any of my gold but if we get a really deep draw down. Say below 50k, I might be inclined to sell a little to buy even more bitcoin.

50 sats \ 12 replies \ @siggy47 OP 5 Aug

I still have a few Maple Leafs and sovs I may dump myself.

43 sats \ 11 replies \ @grayruby 5 Aug

I won’t sell it all but a couple ounces just to spite Peter Schiff. Haha

50 sats \ 10 replies \ @siggy47 OP 5 Aug

Tomorrow my territory rents are due. If the price is in the 40s I might buy one.

view replies

20 sats \ 4 replies \ @Satosora 5 Aug

I heard bitcoin was falling throughout the weekend, but the stocks are going to plummet on opening.

20 sats \ 3 replies \ @grayruby 5 Aug

Looks that way.

40 sats \ 1 reply \ @siggy47 OP 5 Aug

We have nothing to worry about in the US. Joe and Janet have everything under control. 😀

53 sats \ 0 replies \ @Satosora 5 Aug

They are both pro bitcoin now, right?

20 sats \ 0 replies \ @Satosora 5 Aug

I wonder how many will make a killing, and how many will get wiped out?

43 sats \ 0 replies \ @Malachi17 5 Aug

London Bridge is falling down...

43 sats \ 0 replies \ @SpaceHodler 5 Aug

The VIX has spiked to 65, first time since the 2020 Covid crash.

43 sats \ 0 replies \ @Bell_curve 5 Aug

#635713

Taiwan suffers worst losses since 1967

43 sats \ 6 replies \ @SpaceHodler 5 Aug

My stock portfolio has dropped 39% in the past couple of weeks and I'm like "whatever".

7% doesn't sound like much, but I know that in certain contexts it is.

47 sats \ 5 replies \ @siggy47 OP 5 Aug

7% is a normal Monday for bitcoiners. Not for the fiat world

43 sats \ 4 replies \ @TomK 5 Aug

But the illiquidity of the system is frightening

47 sats \ 3 replies \ @siggy47 OP 5 Aug

Yes it is. How do you think this will play out?

90 sats \ 1 reply \ @SpaceHodler 5 Aug

Possibly an intermeeting Fed rate cut this week?

10 sats \ 0 replies \ @siggy47 OP 5 Aug

That's what Jeremy Siegel just called for on CNBC

43 sats \ 0 replies \ @TomK 5 Aug

I really don't see a panic based rate cut coming as they have other facilities in place to inject liquidity. But who knows? CB politics are a black box now

43 sats \ 0 replies \ @TheBTCManual 5 Aug

Who would have thought the JPY showing a slight sign of deflation and increasing against USD would blow up so many stonks, crazy crazy crazy

43 sats \ 0 replies \ @quark 5 Aug

Black monday! Closed -12℅ (We should be able to edit the titles in SN for things like this.)

43 sats \ 0 replies \ @ChrisS 5 Aug

Only 7 percent? What is all the fuss about?

43 sats \ 0 replies \ @IamSINGLE 5 Aug

What a rogue day! The next move is Indian markets today. Let's hope for the best.

43 sats \ 0 replies \ @SatsMate 5 Aug

Blood bath, but this is when fortunes are made.

43 sats \ 0 replies \ @BitcoinIsTheFuture 5 Aug

Buckle up. Corrections are normal. Don’t buy the first bounce

43 sats \ 0 replies \ @Vupaleno 5 Aug freebie

most likely gonna wipe 2b liquidity in crypto

21 sats \ 0 replies \ @riberet19 5 Aug

It seems that things are getting really ugly.

0 sats \ 0 replies \ @Satoshi__Nakamoto 5 Aug outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.