Mama Mia!
One of the best pairs trades of the year has been Domino’s Pizza long Italy short.
As of Friday’s close, $DPZ has risen just over 100% since its December 31, 2010 close while $EWI has lost 19% over the same period.
I have no idea what this might say about history, world culture or Italian food much less the European crisis but pondering the implications cracks me up…
And with the 20 day moving average bouncing off the 50 at the end of October, it might still look good.