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The first unleveraged euro short ETF (EUFX) becomes available for trade today. It joins...

The first unleveraged euro short ETF (EUFX) becomes available for trade today. It joins leveraged euro short ETFs - EUO and DRR.
Comments (1)
  • Brian Bobbitt
    , contributor
    Comments (1888) | Send Message
     
    This should be okay. I do believe the E$ is going to continue down, and if it survives at all, it will be similar to the US$. A necessary currency or medium of exchange. I am NOT sure if the E-zone will survive, taking the E$ with it. Therefore, If I had ANYthing denominated in E$, I would exit NOW. I mean, how much more clear warning do you need. Consider a financial brick has hit you on the head, and when your birdies clear away from your brain, Short the E$ as a hedge if you must remain in E$ valued items, or just short it for profit. Don't consider it blood money, how many times has the market ripped you apart in the past. Maybe you can recover a little here. So, now as far as using EUFX, fine, but DRR will give you more bang for your buck. I made X using EUO and X+ using DRR... So you will not have a leveraged play, but you will have a fairly good prospect of a profit. NOTE: You should keep it once put on. I would not use discipline using a short on the E$, because it can be terribly whipsawed by TPTB. Emotions and the news of the day can make the E$ rise. But the trend is decidedly down, so go with it.

     

    Happy sliding, now listen very nice, pull down you pants and slide on the ice!

     

    Capt. Brian
    The Lost Navigator
    27 Jun 2012, 10:15 AM Reply Like
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