According to CNBC , Audrey Childe-Freeman, senior strategist for Brown Brothers Harriman, wrote to clients, "The euro is failing to rally on good news- whether of an economic or political nature. In this context, it is rather controversial to be anything but a euro bear, but this may be the time to identify a few constructive developments and to get prepared for a potential correction."
Jim Rogers agrees, but says his decision to buy the euro would not be based on eurozone financial policies. Rather, he thinks the upswing will be a technical rally. [ Europe ETFs in the Bargain Basement. ]
Aside from the euro, Rogers thinks commodities will be the only other big bull market over the next decade, citing the concern for hyperinflation. He thinks that central banks will continue to print money "because that's all they know to do." [ The Upside of a Down Euro. ]
However, Rogers warns that commodity investing is a risky undertaking. "If you cannot spell commodities, I wouldn't suggest buying commodities," he said.
In addition, Rogers does not own any stocks linked to commodities because of the risk associated with stocks. He is long commodities and short stocks. [ Euro ETFs: More Trouble Ahead? ]
One stock, however, is on Rogers' radar. Based on how the Gulf oil crisis unravels, he thinks BP (NYSE: BP ) might become a good buy. Interesting…
For more stories on the euro, visit our euro category .
- CurrencyShares Euro Trust (NYSEArca: FXE )
- WisdomTree Dreyfus Euro (NYSEArca: EU )
Read the disclaimer ; Tom Lydon is a board member of Rydex|SGI.
Sumin Kim contributed to this article.