THE YEN IS RISING, THE YEN IS RISING!

ppteam

October 29, 2010

If we close at this level, it will be official. The Yen will be trading at the highest it has ever traded against the U.S. dollar.

What does that say for how bad Japan’s situation is?

It is the right time and the right place…perhaps we will wake up over the weekend to a $100 trillion Yen bailout/intervention. It wouldn’t surprise me…

ppteam

"It is the right time and the right place…perhaps we will wake up over the weekend to a $100 trillion Yen bailout/intervention."

I am positive this won't happen; because this guy is short JPY, like many bottom pickers.
And he's in deep shit apparently.