Best Idea of 2007: Shorting Mortgages

Thanks to the top-secret FT Alphaville RSS feed, I saw today that Sam Jones has revealed to the world Trader Daily’s top trades of 2007. There’s a "Trade of the Year", which unsurprisingly involves shorting mortgages, and then there are two runners-up. The first runner-up shorted mortgages; the second runner-up shorted mortgages. OK, I think we get the picture.