Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Tuesday, April 08, 2008

Euro Rally

The "chart of the day" on Bloomberg is a chart showing the euro's rally. I remember when the Euro made its debut, some very smart traders said it wouldn't last. Instead, it has rallied for five years.Will the rally continue? It seems toppy, and there are many rational reasons for it to go lower. That said, "the market can remain irrational longer than you can remain solvent."
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