The markets will correct when they correct. And probably not for a reason that most would predict - someone will be lucky enough to have predicted it and will be a guru for a day.
Let me spell it out for everybody else: Long spot forex USDJPY or EURJPY or NZDJPY or AUDJPY or GBPJPY @ 1:50. Or short JPY currency future. Or better: BothQuote from arealpissedgoy:
This "Bull" market will continue as long as the Japanese deem it necessary to provide loans at near zero % interest rates.
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There is free money being handed out every day. One only needs to grab the largest buckets available and fill up.
.Quote from LeonPhelps:
Someone had to say it.
Quote from JamesVU2000:
Totally agree. Everyone should be watching china and japan. If and when something everything will go nuts. At this point and perhaps for the last two years the economic stats have been worthless. Asia wants the comfort of centrally planned economies and have gone much further than anyone else thought possible in order to obtain them. Hello trillions of reserves. Its hard to make the case that asset prices are providing a true guide for anything. The world is not being run by free markets. The west is, the east takes advantage of free markets to run there domestic ecnomies the way they want to. There are no rules and China is playing tough. Its time for the rest of world to wake up, especially the US to wake up. The hearings in congress on china and japan have the potential to really shake things up.