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October 26, 2011

There Is Too Much Pessimism On The Euro

I think that euro bullish move is going to catch a lot of people off guard who were writing the obituaries for the euro, to see the euro approaching the 1.50 level. The dollar index should be headed back down to the 72 level.

Certainly I think there is too much pessimism on the euro and what was going to happen to the euro visa vis the dollar. The euro is also rallying now as the stock markets are rallying and in fact the dollar is selling off against all of the currencies in the world, not just the euro. - in BeaconEquity

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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