Tuesday, March 30, 2010
(click on chart to enlarge)
FXE is the ETF trust that indexes the performance of the euro. Currently 23% of the float is short this trust. That is setting up an epic short squeeze in the euro that will create a lot of pain for the CNBC followers who are long dollars and short the euro. Of course the big banks, the ones who continually rob us in broad daylight without using masks, will make a fortune with their near-record short position in the U.S. dollar and their long position in the euro.
Posted by Dave in Denver at 10:22 AM