Phil Bak

Tough Times for ETF and ETN Providers

The dollar got hammered during the bull years of 2002-2006, I dont see the dollar strength now as a surprise. I havent been able to define an inverse relationship between US equities and US dollar, but there is no positive correlation.

Also, the "dollar strength" is expressed in relative terms; its not like Euro countries are doing well.

New Russian Ruble ETF Offers Several Interesting Trading Possibilities

The rate was 3.8% at the time of the prospectus writing and shot up to 15.5% recently. It is currently over 20%. It is clear enough to me.