- "I am going to go on the record," says Halcyon Asset Management chairman John Bader, speaking at the WSJ's Heard on the Street conference. "Japan is an accident waiting to happen ... I don't think this is today's or tomorrow's business, but I think in 10 years this blows up big time ... you can't operate with a debt to equity level like that."
- Turning domestically, Bader - viewing a stock market "gone to the moon," the end of the 30-year bond bull market, and high yield "priced to perfection," - sees a lot of risks right now. He's positioned to make money be shorting REIT indexes and other similar instruments.
- Japan-related ETFs: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS, JGBT, JGBL, JGBS, JGBD, FXY, JYN, YCL, YCS.
- REIT ETFs: FRI, WREI, FTY, ICF, IYR, REM, REZ, RTL, PSR, KBWY, SCHH, RWR, VNQ, DRN, URE, DRV, SRS, REK, ROOF.