When the euro was over 1.5, the us stocks were trading at a big discount. Now those European companies flush with cash will have to pay up for expansion as their Euro sags. The same with the British when the pound was over 2. They may have shopped more for Tiffany products in the US, but should have shopped for quality corporations.
Now it behooves US corporations to do to Europe that they didn't do to us. Buy buy buy at a discount.
GME and BBY are two that come to mind.
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