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The "unresolvably bad" outlook bringing with it "mouth-wateringly attractive" prices keeps hedge...

The "unresolvably bad" outlook bringing with it "mouth-wateringly attractive" prices keeps hedge fund giant Crispin Odey wildly bullish on European shares. "The worries have been there for so long, the causes are so obvious... this crisis will bring resolution  and with it higher prices." Top pick for U.S. players: Vanguard's MSCI Europe ETF VGK.
Comments (5)
  • Leftfield
    , contributor
    Comments (3828) | Send Message
     
    "....This crisis will bring resolution and with it higher prices." For everything, especially necessities, since the "resolution" won't include the end of crony capitalism and fraudulent fiat currency until it's too late.

     

    The "resolution" remains money printing and ridiculous ongoing bailouts of influential failure.
    26 Sep 2011, 08:36 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Takes a lot of guts to catch a "falling knife".
    26 Sep 2011, 09:48 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    Already bloody. He was down 13% in August. As usual, he's early, but I wouldn't bet against him for too long.
    26 Sep 2011, 09:50 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Stephen,

     

    The bottom is always easy to see in hindsight :)
    26 Sep 2011, 09:53 AM Reply Like
  • Pierre Durand
    , contributor
    Comments (26) | Send Message
     
    I agree, its a good time to be a buyer in Europe.
    26 Sep 2011, 10:09 AM Reply Like
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