Thursday, February 04, 2010

"Arguably the most influential blog ever."

Being vindicated so soundly inside of a couple of days is always cool.
Recall from this recent post:
The trade was to sell the Dow, nominal and buy dollars (sell Euros).
Of course, we all know what happened today, but here's The Wall Street Journal's take:

WORLD FOREX: Euro Plunges As Investors Flock To Safer Assets

NEW YORK (Dow Jones)--The euro plunged Thursday as mounting concerns over sovereign debt problems in Europe piled pressure on the common currency and helped drive a stampede out of stocks, commodities and riskier currencies.


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