"Don't Panic..."
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Why You Should Prepare For a Big Risk Rally
If Europe can just shore up its banks, this strategist sees a potentially major move in risk-on currencies. No doubt, it's a mess in Europe right now. But Steven Englander, head of G10 currency strategy for Citigroup [C 29.39 -0.49 (-1.64%) ], is looking past that, and he likes what he sees. "If you can ringfence Europe," and at least develop a plan that prevents financial-sector problems from spreading, "the fact that they don't have a deal won't matter that much outside," he told me. "The reason Asian FX was selling off wasn't because of Portugal, but because of the fear that European banks would take such a big ... (full story)
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The greatest risk in life, is not taking one!
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