WEDNESDAY 1/21/15; BOJ Decision; Gold Reclaims 1300; UBS; AMTD; UNH; Housing Starts; Davos World Economic Forum Begins; AXP; DFS; EBAY; SNDK; URI

After the two-day policy meeting, the BOJ decides to maintain a steady course with monetary stimulus and adds a program to help banks boost lending. Japan cuts the inflation targets as reinflating the economy proves difficult. The NIKK ends the session down -0.4%. Governor Kuroda plans to provide further details in a few hours. Taking away the negative vibe in Japan, the balance of Asian indexes trade higher.

The SPASX200 gains +1.6%. China stocks catapult higher in a two-day rally 





















[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]

Hedge fund Canarsie Capital manager Owen Li tells clients that he lost -99.8% of their money. Li had $100 million under management and the firm is only left with $200K in assets. Li says he is “truly sorry” for making aggressive bets on the market that blew up in his face. Anyone invested in the fund receives their head on a plate.

Traders are waiting for the ECB decision so Asia may experience quiet trading. Tickers to watch tomorrow to gauge the global market reaction to the ECB announcement include; DAX, EWG, CAC, FTSE, EWI, EWP, IBEX, ATG, VGK, DFE, XEU, FXE, EUO, USD, UUP, UDN, TNX, TLT, TBT, GOLD, GLD.