Dollar chart
The source for this chart is this dude: Stephen V. Muro
He argues (me too) that we broke the seal on $80, and we're going back through again soon. This is good (short-term) for the stock market.
If your country (well ours, actually) devalues the currency, then what to do?
I mean what can you do that's not too cooky... like buy Krugerands or something like that.
Well, I'm not quite sure.
- Buy commodity ETFs... or at least make them a part of your portfolio
- Buy international ETFs... but I'm not sure if their returns are in $$$ or local currency
- Buy stocks... the stock market will go up, but probably not as much as you lose in your dollars
- Sell bonds/cash... this is the pariah in a dollar meltdown
QOTD"I’ve had eight people contact me about franchising."I love that guy.
- Josh McClain, owner Bikini Beani Coffee and Drink Hut
he he... yow, bill
posted by williamt on Monday, July 27, 2009


0 Comments:
Post a Comment
<< Home