I hardly ever post mkt predictions here. This one, however, is inescapably true, barring only some absolutely ludicrously stupid action on the part of the US...or some super-dramatic terrorist action against the US but not against Europe (which, frankly, is the more likely target these days for the jihadi bastards).
Suggest buying March Euro 135 puts and selling March Euro 130 puts against them (called a 'bear put spread'). Cost about $1600 apiece. Would expect to profit by not less than $1000 apiece by January (plus get the capital back into pocket), and could be sizeably more, up to $3600 apiece or so.
Check out this thread you posted in April, bruinbirdman. Look at my reply #2 and your #3.
SAJ, this is why I'm not a trader. No balls. Especially as regards shorting. :-) So I'm afraid I'll have to stick with investing.
Over time and through experience the Good Lord has made it abundantly clear that His plan for me involves working, not "trading". If you know what I mean, and I think you do. If you can make a living at it, more power to you!
FRegards