Say what?
Did one of those “fast money” maroons just say that all the PIIGS are gonna get thrown out of the eur zone but that the euro will rally off that?
Sure.
We lost one itty-bitty investment bank in 2008 and the world almost ended. The euro zone beaks up and the euro rallies? I ain’t buying.
What remains of the euro zone will be immeasurably stronger if the highly indebted nations are expunged, but it will not happen overnight. Blood will flow through the markets first…