Let Us Not Be Dragged Into a Currency War
One of the highlights of last year's trading was our decision to short the Japanese yen. It was a great example of trading on political intrigue, as opposed to using technical or fundamental analysis. I'd like to congratulate all of the Real Money Pro subscribers who profited from that trade.
There are implications and side effects to Japan's new policies, and their reverberations are now being felt here in the U.S. On Thursday the Big Three automakers, represented by the American Automotive Policy Council, asked the Obama Administration to retaliate against Japan for pursuing a weak yen policy -- to "make it clear to Japan that such policies are unacceptable and will be met by reciprocal measures," as AAPC president Matt Blunt put it....473 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.