The man who uncovered Enron is slightly changing his tune. Hey! He is entitled to do so.
http://ftalphaville.ft.com/blog/2010/01/26/134101/chanos-were-not-calling-for-a-china-crash/
This just means that China is going to crash and take the entire Carry Trade Planet with it. If and when China has its Hari-Kari moment is anyone's guess. But just by looking at the way the market has traded the last few days just makes me more emboldened to think that 1050 on the SPX is going to be the highs we see for the foreseeable future. We have had ever increasing volume in the markets when we declined only to see weak volume the last two days. As well as the USD is looking mighty nice for a nice run into the low 80's. That will definitely blow out some quant related hedge funds that are leveraged against the dollar. Crude also looks vulnerable to the high 60's. But then again Obama will just start the Iran needs to cool off their nuclear ambitions speech to get Crude cooking again.
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