Yes, and they were proven wrong, again. I find it difficult to get clear, unbiased opinions from US bankers. They are too prejudiced with nationalist pride. It is difficult for them to admit, the country they love is fucking themselves dry in the ass.
My favorite quote from the article:
"Bob Sinche, the head of the Citigroup currency strategy supposes that the euro-to-dollar rate will drop to the ratio of 1.1000 until the end of the year."
The above comment made on 7/12/2003. He was wrong. Always make note of people like that, I religiously will watch for more comments and go completely against their advice. These are the same reasons book makers love the home town crowd, instead of making a logical bet on the performance of a team, they dump big dollars because it is the home team.
I was born and raised in New England, my home teams sucked (still suck mostly), I got over home town cheerleading a long time again.