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How about a show of hands on who thinks the euro is headed lower, asked Goldman's Jim O'Neill at...

How about a show of hands on who thinks the euro is headed lower, asked Goldman's Jim O'Neill at a January hedge fund conference, when the currency was about $1.26. Nearly every hand in the room shot up. Six weeks later, the euro was buying $1.35. "If Europe says something good," writes Upsidetrader, look for a big reversal in the euro, the dollar, and stocks.
Comments (3)
  • Cause, you know, they might say something bad.
    24 May 2012, 08:36 AM Reply Like
  • Fine analysis O'neil, a show of hands. Even the hedge fund community now has a herd mentality. I sure this will end rosey.
    24 May 2012, 08:52 AM Reply Like
  • This is drivel and we all know it. Why publish such things? What do they prove except you need an editor?
    24 May 2012, 09:14 PM Reply Like
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