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10.31.2014 Japan Goes Full Stupid Bookmark

As if seeing the market rise 200 points yesterday on the heels of Visa and their 5 billion dollar buy back wasn't enough, this morning I wake up to almost "limit up" futures. What in the world was that about? Well it seems that over in Japan, they've gone "all in" on a new round of QE, saying they will flood their market with 80 TRILLION yen.

As if seeing the market rise 200 points yesterday on the heels of Visa and their 5 billion dollar buy back wasn't enough, this morning I wake up to almost "limit up" futures. What in the world was that about? Well it seems that over in Japan, they've gone "all in" on a new round of QE, saying they will flood their market with 80 TRILLION yen.

As if that wasn't bad enough, they also said that Japan’s $1.1 Trillion Government Pension Investment Fund announced it will put half its holdings in local and foreign stocks, begin to invest in alternative assets and cut its domestic bond allocations to 35% of assets from 60%.  So, since they can't seem to fix their economy any better than we can, they've resorted to just printing themselves to glory. Hey, didn't Germany try that in the 1920's?  How'd that work out? Hmmm.

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