The Bank of Japan decided to play a little trick or treat (depending on your positions) on the world this Halloween. They announced more QE, which sent Nikkei futures ‘Limit Up’ to new 7 years highs, US stocks to all time highs, Metals down a couple percent, and foreign currencies all lower against the US Dollar. A treat for trend followers, to be sure. Have a fun and safe Halloween:
Bank of Japan QE:
Japan Just Boosted QE And The Nikkei Exploded To A 7-Year High – (Business Insider)
When One Door Closes — (Reformed Broker)
Bank of Japan Unexpectedly Eases Policy – (The Wall Street Journal)
GLD’s Fall From Grace – (A Wealth of Common Sense)
The worst possible case for the worst possible idea, the gold standard – (The Washington Post)
The Scariest Halloween Costume Is A Cockroach That Performs Root Canals – (Five Thirty Eight)
The Scary Commodities This Halloween – (Attain’s Alternatives Blog)
Why We Like Being Scared – (The Economist)
Before you complain about the CTA again, read this – (Crains Chicago)
College: The Great Unleveler – (Ritholtz)
Senate Update: With 4 Days Left, Here’s The State Of The Races – (Five Thirty Eight)
Guns, Pot and Taxes: A 2014 State Ballot Guide – (Bloomberg)
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