Waiting on the Next Big Short

in #euro7 years ago

With Macron's victory, the European Union is guaranteed not to change at all costs. The cost will be their total destruction, and watching the Euro go to zero during 2018.

The question is, when is the ideal time to enter a short position?

Predictions can be wrong, especially about the future, but there's still a little wiggle room to the upside. I think May is the last month that might finish up, with the price probably not going higher than 1.11, especially if it takes a while to get there. A safer bet might be to just wait until the 31st and short whatever price it is then.

Of course you have to be mindful of counter party risk. If there is a banking crisis you might lose your money, even if you rock this trade.

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