Euro's....TIME TO BUY ...Right?

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  • PaperTrail07
    SBR Posting Legend
    • 08-29-08
    • 20423
    #1
    Euro's....TIME TO BUY ...Right?
    Not going to act like I know the financial market-whats going on in Greece ect....just looking at the numbers...I just dont see the Euro staying down or going much lower than it is....my guess is back to 2:1 within a year.....Thinking about taking 5K and buy some Euros......Whats the worst that can happen really? Thought and opinions appreciated....Just seems like "the move" from the outside in....--Its atleast time to TRAVEL....
    Tags: None
    • Ralphie Halves
      SBR MVP
      • 12-13-09
      • 4507
      #2
      Originally posted by PaperTrail07
      Not going to act like I know the financial market-whats going on in Greece ect...
      Sad part is you still know more than most people who invest do.

      If the stock market drops, the dollar will get crazy strong and cause the Euro to drop hard.

      Greece is the 13th highest GDP or so in the EU. It's not like they're losing France. I think them dropping out is already priced in. If they stay it could be good.

      I'm a charts guy anyway, so this is about all I know from a fundamentals standpoint. That, and ignore anyone's opinion on what they think the Euro is going to do -- nobody really has any idea, they're all guessing. The banks know what they're gonna do with the Euro, and they make the decisions, not us.
        Comment
        • Ralphie Halves
          SBR MVP
          • 12-13-09
          • 4507
          #3
          But yea, real good time to travel just about anywhere. Dollar strong against just about every currency besides the Pound, and it's still a better rate that we've seen in awhile.
            Comment
            • KalouKalou
              SBR MVP
              • 01-14-11
              • 1848
              #4
              Originally posted by PaperTrail07
              Not going to act like I know the financial market-whats going on in Greece ect....just looking at the numbers...I just dont see the Euro staying down or going much lower than it is....my guess is back to 2:1 within a year.....Thinking about taking 5K and buy some Euros......Whats the worst that can happen really? Thought and opinions appreciated....Just seems like "the move" from the outside in....--Its atleast time to TRAVEL....

              Probably not a great idea, Europe will try to bring his economic back with a weak currency.
              My prediction for the end of the year is something around 1.04 EUR/USD
                Comment
                • ACoochy
                  SBR Posting Legend
                  • 08-19-09
                  • 13949
                  #5
                  Yikes!!!

                  Once one of the dominoes falls then its simply a matter of time before the rest follow...

                  The wiff of destabilization is in the air. Anyone else feel it
                    Comment
                    • Big Bear
                      SBR Aristocracy
                      • 11-01-11
                      • 43253
                      #6
                      Originally posted by PaperTrail07
                      Not going to act like I know the financial market-whats going on in Greece ect....just looking at the numbers...I just dont see the Euro staying down or going much lower than it is....my guess is back to 2:1 within a year.....Thinking about taking 5K and buy some Euros......Whats the worst that can happen really? Thought and opinions appreciated....Just seems like "the move" from the outside in....--Its atleast time to TRAVEL....
                      this is not the best place to ask for advice.
                        Comment
                        • PaperTrail07
                          SBR Posting Legend
                          • 08-29-08
                          • 20423
                          #7
                          TY for the info/advice fellas--honestly appreciated....you never know BB......
                          Originally posted by Big Bear
                          this is not the best place to ask for advice.
                            Comment
                            • grease lightnin
                              SBR Posting Legend
                              • 10-01-12
                              • 16015
                              #8
                              Google "ECB QE"
                                Comment
                                • JoeyBagels
                                  SBR Wise Guy
                                  • 03-10-13
                                  • 784
                                  #9
                                  Greek is bankrupt, ukraine in civil war and Britain's PM just accidentally leaked his BREXIT strategy from the EU to the UK's largest paper. What could go wrong with the euro?
                                    Comment
                                    • jjgold
                                      SBR Aristocracy
                                      • 07-20-05
                                      • 388179
                                      #10
                                      Some believe buying on extreme lows does work but like Ralphie says nobody really knows as it's all random and we're just guessing
                                        Comment
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