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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: dave rose who wrote (118611)	6/2/2009 5:13:06 PM
From: Knighty Tin	Respond to of 132070

Hi, Dave. UDN is a good one for shorting the Bush Peso (U.S. Dollar), in general. I usually play it by buying other currencies, such as New Zealand Dollar, the Yen (FXY), The Canadian Loon, Swedish Krona (Socialism works-FXS) The Yuan, and the Indian Rupee (INR). You have to be a bit careful, as the dollar dropped over 40% against the Euro under Dumbya and is not weakening that much against that currency right now. In fact, it strengthened against the Euro for several months. Any index will have a lot of Euro exposure, so I would lean toward the harder Asian currencies and the non-Euro Scandanavians (not Iceland). Another way to play it is to buy either foreign bonds or stocks, which offers some pizzazz to the play. Unfortunately, it is very common for either bonds or stocks to diverge from their currencies.