FRIDAY 9/18/15; BOJ Minutes; China Home Prices; Migrant Crisis; FTSE “Fat Finger” Flash Crash; DAX at -20% Bear Market; Quadruple Witching OpEx; Fed Aftermath; European and US Stocks Selloff; France Downgraded

At 8:50 AM Tokyo (7:50 PM EST Thursday evening), Asian indexes are pointing to a lower open. US futures are flat. S&P -1. Dow -7. Nasdaq -1. Euro 1.1393. Dollar/yen 120.07. Pound 1.5559. Aussie dollar 0.7186. Dollar/yuan 6.3658.

WTIC oil 46.79. Brent oil 49.08. Natural gas 2.64. Gold 1132. Silver 15.13. Copper 2.4610.

Treasury yields are; 2-year 0.69%, 5-year 1.48%, 10-year 2.19%, 30-year 3.01%. The 2-10 spread is 150 bips.

At 9 AM Tokyo (8 PM EST Thursday evening), the Nikkei Index, KOSPI and ASX 200 each open lower. The BOJ minutes say the target towards +2% inflation is on track. The BOJ says the current policies are working. The comments are laughable. The BOJ monetary policies are not creating economic positivity no matter what Governor Kuroda says. Stocks roll over a few minutes into trading. The NIKK is tanking



























[Text is Redacted: Purchase September 2015-09 to Read the Complete Chronology]

After the closing bell, under the cover of Friday night darkness, France’s credit rating is downgraded by Moody’s from AA1 to AA2. Moody’s says the weak global economy creates a challenging environment for France.

The investigation into government employees and the Whitehouse continues concerning the lies appearing in ISIS intelligence reports over the last couple years. The reports paint a rosy picture for the Obama administration’s policy against ISIS in Syria and Iraq overstating the casualties of ISIS fighters while bolstering the numbers for Iraqi troops. Investigators are seeking whistleblowers to find out who was giving the instructions to change the information in the documents to paint a rosy picture.