Wrong on the Yen ... For Now
I am not bound to win, but I am bound to be true. --Abraham Lincoln
Last month, I made the case that the extreme decline I believed was under way in the yen would result in a strong rally ahead as a V-like formation takes place and undoes recent weakness. My reasoning for being bullish at the time related entirely to whether the move was justified in the face of a Bank of Japan that has historically been unable to force reflation....267 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.