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Pastimes : The Philosophical Porch
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To: Jack of All Trades who wrote (5984)9/22/2010 9:56:02 AM
From: Crimson Ghost  Read Replies (1) of 26251
 
Euro is rallying not so much because the Euro is so great, but because more people are realizing how awful the buck's fundamentals are.

Say what you will about the Euro, but rates there, while low, are well above the zero that the Fed has mandated to decimate US savers and further enrich the banks under the rubric of fighting "deflation".

That said the Euro looks very overbought and ripe for a correction. But those expecting a big smash are likely to be disappointed.
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