Why we didn't cover our Japan Short (EWJ) today...

This questioned is better answered with a chart. This is embarrassing. Amidst the rest of the world (Australia, Germany, USA, etc...) putting in sentiment bottoms, the Japanese ring the gong on a fresh 26 year low.

Japan is not a place to be invested. As Wall Street great, Marty Whitman, would say "a bargain, that remains a bargain... is no bargain!"
KM