1) Short AAPL The most overowned stock in the universe and ripe for a heavy selloff this year. 2) Long Yen/Short Euro The yen is artificially low due to the yen carry trade. With a boatload of hedge funds due to go out of business in the next couple years, the carry trade will unwind in a big way. The euro will lose out the most out of the 3 big currencies as it is the most overvalued.