European debt is mounting, Euro is dropping, oil is jumping. China will be the next world's largest economy by 2020... This could be an American folk song in the future, probably not a good future.
With the Euro being weak I have chosen to buy long calls on a short Ultra ETF, the EUO. Purchasing ATM May 22 2011 calls. The Euro scare of last year made many people a ton-o-money. It quickly recovered after the commitments from internal states but the fundamental problems are still there. It has been making headlines, although fairly quietly, lately but that is the time to start getting in on a trade...
Happy trading...
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