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UDN
DBCooper 03-17-2008, 5:45 PM | Post #2498776 |  2 Replies
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Is it too late to get into this ETF? If the Fed keeps lowering interest rates the US dollar will continue to lose value, right? Any insight into this ETF would be much appreciated.
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Re: UDN
kessiedawn429 03-17-2008, 6:08 PM | Post #2498790
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When is the right time to get into anything?  Dang I sure dont know.  I've owned this ETF for the last few months and it has done well.  The chart sure looks fine to me.

Common thinking is that the FED will continue to cut rates.  I expect that this is true.  So far when the FED cuts rates the dollar devalues.  You can see this if you check the opposite paralell of gold and oil.  Which trend the reverse of the dollar.

In my port this is a small potatoes play.  I sure wouldn't bet the farm.  I have tried to back up my position with stop orders but due to the volatility I've been stopped out twice and had to b uy back in.  So i dont expect that that type of insurace will help.

Wish I could be able to give a definitive answer but I cant.

Good luck what ever you do.

Jeannie

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Re: UDN
tc101 03-19-2008, 9:12 PM | Post #2499648
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The dollar was up today.  All major foreign currencies were down and gold was down.  All this in spite of the recent fed cuts.  I have no idea what is happening.
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