tag:blogger.com,1999:blog-30643134.post1943139191928958968..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: I wasn't going to let you buy all the credit and take all the rewardAccrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30643134.post-32961118683707351362007-07-31T10:03:00.000-05:002007-07-31T10:03:00.000-05:00You aren't invited to comment on this blog again. ...You aren't invited to comment on this blog again. If I see you writing again in this manner, I'll just delete it.Accrued Interesthttps://www.blogger.com/profile/05096191765979971184noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-27014816486969014152007-07-31T08:43:00.000-05:002007-07-31T08:43:00.000-05:00What a dope you are. The people who are getting lo...What a dope you are. The people who are getting long U.S. stocks right now are hedge funds that borrow yen, not Europeans. <BR/><BR/>Why would Europeans want to invest in stocks of a sinking currency?<BR/><BR/>JUST WATCH! Yen weakens, U.S. stocks go up. Yen strengthens, stock go down. It's getting close to a 1.0 correlation.<BR/><BR/>If you think the yen carry trade, as practiced by highly leveraged and high-risk hedge funds, is sustainable, then BUY STOCKS! You'll make money. But right now, weak yen is the main prop under the U.S. stock market. To me, that's about as scary as it gets.<BR/><BR/>What I am telling you is that Japanese liquidity doesn't just have to prop up the long side of the U.S. market. In a heartbeat, a lot of that money can go net short. If you have yen liquidity drying up at the same time that remaining yen liquidity is going short, you will have a U.S. equity meltdown.Anonymousnoreply@blogger.com