The stock market dove yesterday and closed below 13,000. More importantly the Dow transports made a 52 week low yesterday. So for those who believe the economy is in such great shape...why are the Dow transports making a new 52 week low?
I believe it's because the big mutual funds/hedge funds don't believe that junk and that's why they are voting by selling stocks. When economies are fine, transports aren't making new lows.
Now if the Dow Jones Industrials break lower also, it's not going to be pretty for stocks. If stocks don't do well and recover...then the carry trade won't either. Then the JPY will be the best protection for a falling stock portfolio. 
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