Dave Kranzler's  Instablog

Dave Kranzler
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I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance. Currently I co-manage a precious metals and mining stock... More
My company:
Golden Returns Capital
My blog:
Investment Research Dynamics
  • USDX: Anyone Looking For the Easter Bunny This Sunday? 0 comments
    Mar 30, 2010 12:38 PM | about stocks: GS, FXE, UUP
    (click on chart to enlarge)

    FXE is the ETF trust that indexes the performance of the euro.  Currently 23% of the float is short this trust.  That is setting up an epic short squeeze in the euro that will create a lot of pain for the CNBC followers who are long dollars and short the euro.  Of course the big banks, the ones who continually rob us in broad daylight without using masks, will make a fortune with their near-record short position in the U.S. dollar and their long position in the euro. 

    Disclosure: long gold
    Stocks: GS, FXE, UUP
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