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I don't know, I see the Euro to Dollar stable, even Greece is turning a budgetary surplus now. I have some positions in european exchanges, and if anything I expect the euro to appreciate over the next 5 years, but thats a guess, because of my strategies the currency exchange doesn't really...

There is always value analysis. It is difficult to screen stocks for such a strategy, you wind up spending a lot of time on edgar/google. Basically take modern value investing and turn it around to look for overvalued stocks.