http://www.cnbc.com/2015/09/15/hayman-capitals-bass-chinas-real-problem-is-its-banking-sector.html Great stuff! There are 3 videos to watch here so watch them all (they are short).
I remember in one of the earlier videos you posted he told that he has another idea that he is very excited about but not ready to disclose it yet. I guess it was China. What do you think would be the best way to express the trade on china banking system troubles if lets say things settle down a bit and china markets recover for a while?
There was a sharp move in USD pairs Friday afternoon. Ignore that at your peril. Some people are about to get a rude lesson on markets.
My Dow Jones ETF (DIA) confirmed on Friday. Last positive confirm was 2/5/15 and it didn’t last too long. I had an A Up on Wed (164.92) but then there was a strong Friday pull back below that level so that puts the number line and A levels a bit at odds. Additionally the monthly is not close to confirming that A up so I wouldn’t shuffle anything yet. My High Yield Bond ETF (HYG) confirmed on Friday. It had a monthly A up on the 8th at 86.23 but has fallen back and closed (entire daily bar) below that level. For me it lost its positive bias and I’ll watch it with a raised eyebrow before taking a bite. Silver (SLV) confirmed on Wed and had a monthly A Up yesterday. Is it going to rally? My SPY, like the DIA, is now number line confirmed but it too has closed well below its monthly A up at 197.61.
Full show with Ray Dalio if someone missed it: http://www.bloomberg.com/news/video...fed-policy-hedge-funds-china-full-show-09-16-
great stuff, cuts thru all the bullshit and gets right to it, takes the most complex macro issues and explains them childlike to us, I am always impressed with what he has to say, must be really interesting to work at this firm.