Euroshort Cover? from Kim Zussman
Today on page 1 of the WSJ there is an article about big hedge funds piling onto the short Euro trade, including Einhorn, Soros, Cohen. It describes a meeting where they selling this idea to each other (sprachen sie buch?), which is not collusion or inside. Evidently Paulson Co are now on the other side.
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Short cover rally in Euro appropriately ironic now
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Or not, as who wants to take the other side of with masters of the universe?