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S&P 500: 1,317.45 Change: +0.03%
Vet67to82
P&P Score: 0.31 | Points: -606.29 | Accuracy: 68.73 | Average Pick Score: -4.46   Annual Return: N/A  
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Commentary
BUY: WELLS FARGO & CO NEW (WFC) Rating: 2
Start Price: $32.04
Points: -16.60
Created: 05/14/2010
I am bullish on EVERY USA company, doing business in the EU, today and through the second week of July 2010.

Why? ... Smiling ... the silver lining in every cloud ...

This Euro meltdown is a GREAT opportunity for USA companies, doing business in the EU with euros in their EU bank accounts, to profit from the meltdown by exchanging their euros for USA dollars. Therefore, I expect to see companies like MSFT and HPQ to report currency exchange rate GAINS in addition to product profits.

What tells me they're doing that ... when you exchange euros for the USD you are "selling" Euros ... and "buying" USD. The selling in Euros ... is driving the Euros down ... and the apparent availability of the euro to exchange for the USD signals lack of euro demand ... while the raising USD signals strong demand and lack of availability ... which the USA tried to head off at the pass by opening up the window to the EU. Seems the gov'ts were aware this scenario was coming ... and points for being ahead of the curve ... or this would be WORSE.

Surprise profits, and stocks "On sale, NOW!" ... that's why I'm bullish.

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