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I am hearing some interesting news about the expected headwind that the Euro was supposed to play in 3Q12 earnings. Basically the idea is that companies were pegging the rate at 1.17-1.21 range and it will instead come in at 1.29.  This “strength” in the Euro may end up masking some of the overall weakness.

The big caps will likely report less of a headwind from Europe even though there are numerous signs of a pending recession. 

Knowing this, are you more likely or less likely to invest in companies prior 3Q12 earnings?

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