Ray Dalio has been shorting European equities on a large scale at his $150B hedge fund.
Bridgewater has accumulated an $18B short wager on Europe's biggest companies after beginning his short bets with Italian banks.
Dalio believes it's time to sell when there is,"a strong economy, close to full employment and rising interest rates." Europe fits that bill according to the founder of the worlds largest hedge fund.
Just last month Dalio was quoted as saying that people holding cash would, "feel pretty stupid" given the accelerating economy.