These Nikkei Bulls Lost a Lot of Money Today

Kyle Bass must be happy today, his predictions of unsustainability of Japan’s boom saw the first glimpse of reality. NIKKEI 225 (INDEXNIKKEI:NI225) fell 7.3 percent today, its first such fall in over six months. A string of events and speculations contributed to this shakedown, the most plausible being that many investors just thought this would be an opportune time to take profits as Bernanke hinted towards tapering of quantitative easing in US, in yesterday’s testimony. Cyclical Sell Off  Or Real Trouble for Nikkei Most of the hedge fund managers have been bullish on Japanese equities, we have discussed their massive profits in…