My emerging markets puts purchased yesterday (and mentioned in this post) are doing dandy, and I think there’s tons left to go.
I stupidly got out of my FXI puts (and I do mean stupidly: the position was boring to me, so I cleared out the puts a few minutes before they started rocking the free world). Anyway, this right triangle pattern I’ve been pointing out has held together great, and we’ve turned away very hard from it. Yay!
Speaking of China………..one of you posted a FANTASTIC article about the reasons why China is kicking America’s ass, particularly because we spend trillions of wars and they spend it on their infrastructure. Please send me that link again, because it’s honestly one of the best pieces I’ve read in years. I wish I had written it!
