Headlines on the debt crisisare coming fast and furious - and this strategist says it's time to stay away from the euro.
Sure, German Chancellor Angela Merkel and French President Nicolas Sarkozy are working hard on the euro crisis, and the news flashes are coming fast and furious. But that's not enough for Todd Gordon, co-head of research and trading at Aspen Trading Group.
Gordon compared yields on Italian bonds to the euro-dollar level. Even though the Italian bond yields are coming down, "the euro has gone nowhere," he told CNBC's Melissa Lee. "The euro is still saying there are problems heading into the Thursday-Friday summit, so euro, I think, is still weak."