Here goes... wrote:
No matter what happens, I will sell it and put all the proceeds into a large cap euro fund
the question these days is if you buy Europe with a currency hedge or not - you could be up 4% with one and 20% with the other over a year. Roughly speaking - I'm not citing actual returns.
what a mfing day - massive massive. Stocks up 1.7% around the world with non US funds up over 2%
And bonds were up huge too: 0.6% - to 1.5%. TIPS are flying.
This could be one of the single best days I've had in the markets - a very important rally I think.
Anyone who checks out to take profits or whatever...gets absolutely slammed. Many traders are no doubt kickign themselves for being bearish again and then having the bull run over them.