The Most Popular Trade Is Going to Explode... Again
By Jeff Clark
Thursday, May 31, 2012
About every year at this time, currency traders lose their minds... Then they lose their shirts. It's going to happen again this year.
The most popular trade in the currency market right now is to be long the dollar and short the euro. At first glance, this seems like a reasonable trade. After all, Europe is on the brink of collapse. And as the continent dissolves, investors flock to the safety of the U.S. dollar. It's the ultimate "risk-off" trade.
But here's the thing... the world has a habit of not coming to an end.
http://www.growthstockwire.com/
Long GDXJ and added ( VXF @ the close yesterday using 401k money) I'll be scaling in TBT soon using trading accounts.
The summer rally starts soon with the kick-off of the dollar sell-off.....I don't know where the bottom is, but some sectors are at 2009 levels - which makes me a buyer.... Risk Management - currently a 25% position..... Good trading!
The Most Popular Trade Is Going to Explode...
Started by
robo
, May 31 2012 08:42 AM
No replies to this topic
#1
Posted 31 May 2012 - 08:42 AM
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore