Reuters
The article basically says that hedge fund guys who were making money buying euro in October and November got wiped out in December when the market tanked 300 points on them.
A lot of them are completely out of business!
Some of these guys, like Neil, ("
trade-ya1") were posting on Elite Trader - Fx Trading section - bragging about how great traders they were.
Well... the proof is in the pudding as they say.
Whatever happened to that guy rezco_s that used to post here? He was a currency fund manager for Refco. He went broke apparently.
This EUR/USD climb has been a hell of a war, that's for sure.