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Catching up to Friday afternoon's big losses in the U.S., Europe closes sharply lower, the Stoxx...

Catching up to Friday afternoon's big losses in the U.S., Europe closes sharply lower, the Stoxx 50 -1.1%, led by Spain -1.9%. The euro -0.4% to $1.2788. It's a 2-month low for the currency as Medley Advisors - its clients likely short euros and looking to cover - says the ECB is considering a December rate cut.
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Comments (1)
  • Brian Bobbitt
    , contributor
    Comments (2044) | Send Message
     
    FINALLY back to BE on DRR & EUO, boy, that took long enough. For me, shorting the E$ has been the most profitable trade so far this year, and I presume, it's growth will continue. I got back in a bit ago @ 1.2795 and now I am back in the green. 1st trade was a honey, and I think this will be another...

     

    Capt. Brian
    The Lost Navigator

     

    SHORT THE EURO$
    5 Nov 2012, 11:57 AM Reply Like
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