2008 Trades: Short AAPL, Long Yen/Short Euro

1) Short AAPL
The most overowned stock in the universe and ripe for a heavy selloff this year.

2) Long Yen/Short Euro
The yen is artificially low due to the yen carry trade. With a boatload of hedge funds due to go out of business in the next couple years, the carry trade will unwind in a big way. The euro will lose out the most out of the 3 big currencies as it is the most overvalued.
 
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