Still Concerned About Euro Issues

 | Nov 30, 2011 | 6:58 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

fxe

Can I be a sourpuss for a second and point out that the CurrencyShares Euro Trust (FXE) didn't go up as much as I thought it would, which concerns me? That plus the fact that we rallied right to resistance in all of the key averages, resistance that we haven't been able to overthrow and, without the FXE rallying, we might not be able to?

Last night on "Mad Money," we featured Tim Collins, whom you all know. Tim laid out a spooky scenario where the FXE rallies right up to, well, here, and then plummets. The FXE has always gotten this game right, and I would have thought that if things were markedly better we would have hit $136.

It's funny. If I had known going into today how horrible things really were in Europe, as I kept hearing all session that a major European bank would go bust this weekend, I should have been positioned at DEFCON 2 and not 3.

It was tempting to go down to DEFCON 2 at the end of the day, but I want to have a hard look at whether Europe feels shamed into doing anything before I intensify my worry about whether anything is really fixed.

Random musings: Doug Kass paid, again, for a lifetime of subscriptions, with his calls on this one. Congrats to Dougie!

 

Columnist Conversations

Lang:
Many markets are closed today following Easter, these include: Australia, France, Germany, UK, Italy, Brazil, ...
Futures are slightly higher and pointing to a small gain to start the trading week. Could we get five straigh...
Barron's was wildly bullish in their cover story on Home Depot (HD), published over the weekend. I disagree, b...
Lang:
My friend Fred Goodman from www.marketmonograph.com puts out some excellent data/charts each week depicting so...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.