Subject: Re: A change in market direction
It's a news writer's dream. From the FT:

"A carry trade is all the financial markets clichés at once. It’s picking up coins in front of a steamroller en route by escalator to a crowded rooftop bar before they take away the punch bowl. It’s Wile E. Coyote’s reversion to the mean, gradually then suddenly, having changed his mind after the facts change. Another cliché that fits is the one about crashes being a feature, not a bug...

(paywall)
https://www.ft.com/content/447...

Jim