Ben Pottker

Considering a Dollar Decline

I sold my UUP position a few weeks ago (not at the top). I didn't turn around my position to DWN, which I should have. However, I am not at all sure that we have seen the end of the $ rally which started in August. Generally, at the end of the year, the $ weakens for seasonal end-of-year reasons. Thsi was clearer in the 1980's and 1990s but I believe that a similar movement is happening now. Therefore, I wait a week or two to see what happens early 2009.
Best regards,
Ben Pottker