BOJ

The Bank Of Japan has begun sopping up the decades of excess liquidity that they have loosed upon global markets. The Japanese have cut current account deposits in half in the past three months. This is a major shift and very sharp contraction in available funds. They know they are behind their curve and they are doing something about it...this is a global margin call..

The carry trade is being unwound and it is global.
Any speculative money that is leveraged is getting killed. Anyone with a short term investment horizon is getting taken out to the cleaners....

This is positive and the opposite of the melt up experienced earlier in this month...

Barkly seen here demonstrating the BIG dog always leads the fight..he has the staying power and strength....