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[ogm]

Japan is crashing because of currency. But this decline isn't lead by their financials, its lead by their exporters.... because the rising yen hurting earnings. Isn't the opposite true for their US competitors ? Yes, there is carry trade. Yes some heavy leverage is unwinding. As someone said as long as there were banks there was carry trade, and periodicaly it unwinds and rewinds again. I'm still keeping and eye on SNE and TM.... 2 stocks that I want to have in the core portfolio. Will pick em up if they crash completely.