It would be remiss of me not to give thanks to you during this Thanksgiving season for all of your wise and profitable trading advice and wonderfully captivating and intense diaries. You are indeed very generous to your subscribers.
Based on what I have received so far it could not have been more fortuitous for me to have taken up your generous offer to profit from your brain trust. I have positions in Apple (AAPL) and the Financials (XLF) based on your recommendations. Although I am not fond of Citigroup (C), JP Morgan (JPM), or Wells Fargo (WFC), at least I see (GS) in there!
I really find it somewhat difficult to place trades for the yen (FXY). My parents fled China during the Japanese invasion and settled in Burma where my father’s family had a teak lumber business. He was cruelly tortured by the Japanese, so I try to avoid anything produced by them.
I drive a SAAB car (born of jets!!!), own a Bang & Olufsen stereo and a Phillips television set, and rarely eat sushi. I know you have extensive contacts with the Japanese peoples, culture, and economy and it would be foolish of me not to heed your excellent advice on the yen, I just haven’t gotten my mind around to it yet.
Do allow me to offer “A Million thank you” for your excellent trade advice and wonderfully prolific magnum opus diaries!!!!
Response from John Thomas:
My dad had to fight off Japanese massed suicide attackers on Guadalcanal in 1942 when he was only 20 and had nightmares about it until the day he died. He discovered the bodies of captured comrades who were tortured to death by the enemy.
A generation later, I listened to the horrific and heart rending stories of Hiroshima atomic bomb victims who were the sole survivors of vast extended families. I realized the Japanese more than paid for their sins, and that those responsible for past atrocities were long since dead.
It is a new world now and time for us all move on.
The Mad Hedge Fund Trader