December 07, 2011 at 11:47 AM EST
Steep Bets Against Euro May Backfire
When everyone is on the bandwagon, that’s the time to get off… According to a report from the CFTC, short positions against the euro were at net $14.4 billion in the third week of November—a 17-month high. Seems everyone is betting against the eurozone and, with such a heavy consensus trade, I wouldn’t be surprised [...]
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