För några veckor sedan stoppade BJ på Nomura ut sig då SPX stängde en fredag över 1450. Nu verkar han vara tillbaka och redo att ta risk på nedsidan igen. Från Zerohedge:
Dow Jones down 250, and a new bearish letter from Bob Janjuah?
Lucky coincidence? Or conspiracy? You decide. From Bob: "How to play it? The SPX
is the obvious pure risk short because of how rich it is against other equity
markets. Outright is fine, so are options. Take a look at January 1350 puts for
example currently trading at 20. If doing outright we would recommend a stop
just above the recent highs at 1475. We also like the USD and Treasuries because
the market has seen time and time again US problems do not lead to selling of
(safe) US assets and it can and we think will be the same again."