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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| EUO | Non Equity Investment Instruments | 1.25% | n/a | 3 | 08-Jul-09 | Prior Holding |
03-Jul-09
Higher lows on EUO
Holding Rationale for EUO.
EUO, which tracks the Euro vs. the dollar with double inverse leverage, has been a decent investment.
Unfortunately.
I say that because I bought it as a hedge, to protect me in case the market began to decline. The stairstep of higher lows in EUO, at 19.06 at the start of June, to 19.45 in mid-June, to 19.38 July 1, indicates the Euro is slowly turning down. And this is highly correlated with a falling stock market.
Tagged Stocks: EUO
Posted at 19:31 in Holding Rationales | Permalink | Top
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