A diary of the thought process behind my investment decisions
Very Tempted To Buy the Euro
There is an old Wall Street adage "sell on the rumor, buy on the news". These European downgrade rumors have been circulating for months. Buying stocks on this news is tricky because the market is overbought. Stocks may be looking for an excuse to correct. The same cannot be said for the Euro. The Euro has gone down relentlessly. I cannot help but think this might be a good spot to buy the Euro for a trade.