The fat lady is stepping onto the stage

Quotable

“It ain’t over till the fat lady sings.”
Casey Stengel

Commentary & Analysis
The fat lady is stepping onto the stage

My apologies to Casey, but his quote above seems a fitting analogy for what is playing out in the eurozone. Our Members have caught much of the move down from the high in the euro … and are currently short again with a nice open profit.

Risk aversion is spreading on slower global growth and systemic potential from the eurozone. The dollar may have bottomed and we think the euro has topped, along with some other currencies …