Thursday, April 25, 2013

With the entire world...

...short the Yen, may I remind everyone that the appellation "Widowmaker" has been ascribed to trading Japanese Bonds and/or currency for very good reasons...

When certain very successful business men (one of whom also owns a basketball team in Texas) appear on Television and expound upon the 1-way trade that is short Yen, please do be careful and understand that said person is one of the most astute bubble identifiers of in investment history...and that he must SELL his positions to someone willing to BUY them in order to profit.

You don't push the price up of something you wish to sell, do you?


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