*cue cheesy Batman announcer from the 70s* "Is this the end?? Could our heroes have finally met their match?" I don't think it's the end of the carry trade and liquidity, but I think it could be the beginning of the end. The last few months have appeared to be the crescendo of a long and glorious run of the yen shorting, precious metal buying, DOW/NASDAQ propping crowd. And the end of the Japanese fiscal year, which normally sees massive repatriation flows, could be the straw that breaks the camel's back. This will make for a really chaotic month. I've shorted silver at 14.30, shorted gold at 666 (a fitting number considering what I believe to be about to happen), and shorted the NZD/USD at 6980 - despite the believe that the RBNZ will be raising rates this month (though I may temper this one before that event). I've moved my retirement funds in the S+P into bonds. I'm positioned as best I can be for the approaching storm. And if it doesn't come, you'll see me easily. I'll be the idiot with the rain gear and umbrella sitting at the beach.