It's time to buy the euro

Jim Rogers was out today with another of his typical contrarian calls.

He says "everybody" is bearish on the euro right now and that it's probably due for a rally. "It's unbelievable how many bears there are and usually that indicates a rally," he said.

He points out that there's no fundamental reason for a euro rally, but sentiment is extremely lopsided. That makes a technical bounce likely... and once it gets started there's no telling how high it could go.