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Thursday, February 3, 2011

Short the Euro Symbol: EUO

My first post is going to be simple. The Euro is going to show weakness in the coming year.  Spain and Portugal aren't out of the muck.  Spain reported over 20% unemployment.  The economy is on a sugar high right now and reality will set in soon with a correction.  I suggest playing EUO.  Its an inverse 200% ETF.   This means that you are betting the Euro will go down in value.  I'm in @ 18.80.  If the Euro shows strength and it goes below $18.25, I'm doubling up.

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