November 25, 2007
Bucking Euro Trend a Bad Bet
In the week’s Barron’s, Charles Gave calls the Euro “grotesquely overvalued” and says he is looking for it to return to $1.05 to $1.10 in “the next couple of years.” His guess is as good as the next guy’s. It might be wise to wait for the trend to reverse before targeting $1.05 to $1.10.
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