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Horizons BetaPro US Dollar Bear Plus ETF T.HDD



TSX:HDD - Post by User

Comment by CalgaryLadon Mar 23, 2009 2:39pm
566 Views
Post# 15863712

RE: RE: US $ comments: Vialoux & Thackray

RE: RE: US $ comments: Vialoux & ThackrayThx for your response.   I gave this/your scenario much thought a few months ago and disagree as the rush to the US$ last October was based primarily on the credit crisis.  One must distinguish between this & the world wide recession.   The credit crisis is thawing & today's news from Geitner is another example of co-ordinated lending.  We are not out of the woods & if it does not work I see a rush back to the US$.  So I have been waiting patiently for the US$ to fall (technically) & there are many short term fundamental triggers which include credit thaw/bank & home price stability to extend the trend.  Longer term looks even worse for the US$ when you look at deficits, etc. but I think that is another down leg when the world has positive GDP.  I agree with you that this is a bear market rally which I think will run through May.  So what looks good to short (every portfolio should have a short component) & of course no large bets in general (plus horizon products are to be traded to take advantage of short term trends).... the US$.  Cheers.
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