{"id":10548,"date":"2011-12-09T09:05:56","date_gmt":"2011-12-09T14:05:56","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=10548"},"modified":"2011-12-09T09:14:34","modified_gmt":"2011-12-09T14:14:34","slug":"the-euro-hit-84-5-cents-on-may-31-2001-its-now-1-34-its-a-got-a-long-way-to-fall","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=10548","title":{"rendered":"The Euro hit 84.5 cents on May 31, 2001. It’s now $1.34. It’s a got a long way to fall."},"content":{"rendered":"

This is a Bloomberg chart of the Euro since its beginnings. I had to make it smaller to fit this space. If you would like to see the chart in its full glory, click here.<\/strong><\/a>
\n\"\"<\/a><\/p>\n

This is the easiest way to play this. Short FXE.<\/p>\n

\"\"<\/a><\/p>\n

That’s it. Maybe the Europeans will pull a rabbit out of their hats. Most likely they won’t. I’m still long the XLF, but just a little.<\/p>\n

Cash is king in this ridiculous market where European macroeconomics mean everything and local corporate earnings mean little.<\/p>\n

\"\"<\/a>
\n<\/strong><\/div>\n

Harry Newton who marvels at the great lawyers Corzine hired. The operative word was “intent.”<\/p>\n

“So did I steal all the customer’s money? It was not my intent.” etc. etc.<\/p>\n

Brilliant.<\/p>\n

Of course, he did sign all the Sarbannes-Oxley paperwork attesting to the truthfulness of his company’s financial accounts.<\/p>\n

It was my intent today to write a long insightful and funny column. But I ran out of insightfuls and funnies. Meantime, if you didn’t read these two brilliant pieces from Vanity Fair <\/em>yesterday, please read them this weekend:<\/p>\n

The Book of Jobs<\/em><\/strong>. Click here.<\/strong><\/a><\/p>\n

One Nation Under Arms.<\/em><\/strong> Click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is a Bloomberg chart of the Euro since its beginnings. I had to make it smaller to fit this space. If you would like to see the chart in its full glory, click here. This is the easiest way to play this. Short FXE. That’s it. Maybe the Europeans will pull a rabbit out […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10548","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/10548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10548"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/10548\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}