Re: Comments on Currency Strategy
This got kicked around the forum when it was first available. I looked at it, but I cannot see any compelling reason to buy it. There is some evidence that the reason the strategy historically made money had a lot to do with Japan's intentional maneuvers in the currency markets, a strategy that is no longer being employed. I think the world could have done without this particular ETF, but in 5 years we will see how it has done.
"A person is smart. People are dumb, panicky dangerous animals and you know it."
- Kay, Man in Black