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@IAMAL_PHARIUS so did something happen or not?
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@professionalbigot69 nothing ever happens.
but seriously looking at reaction of BOJ and FED, the carry trade is still there. the first wave is all the extremely leveraged trades that went bust. If BOJ continues to struggle (raise rates) it will splatter the rest.
what youre seeing now is hot money flowing into america from everywhere seeking safe haven. not just stocks, everything futures, bonds, derivatives.
there is still alot of institutional traders who have not unwund from the "formerly cheap" yen. They arent stupid. they are not going to sell it all in one shot collapsing everthing. they will let it go in intervals, wait for hot money to hold the bag till they are completey out.
The reason they can do this is they are banks, they literally pull money out of their ass using debt. They have the stamina to go to insane places.
Things that went first are the naked short sellers of things like game stop. the institutional traders sit on infinite money and hire a bunch of redditers to shill dead companies. i dont think from today forward you will see alot of inertia for those guys. You should look up some of the insane stuff they do with commoditiy futures absolutely corrupt and degenerate.
people who dont know are food. people who know and still play are gambling. Worst are the day traders whose job is to push their dick into this daily attempting to meet quota. people always set a emotional price target in their heads and think that they are able to sell the instrument off. Right now we are seeing that. this tend will continue until all the hot money is used up and FED reverses their dollar policy.
Japan doesnt want to be the gimp anymore, Fed is fine with it because it already got what it needed from them. Pump and dump.
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Uhgh
RT: https://poa.st/objects/f59325e7-c6ee-4128-bec0-335e71443dda