June 11, 2010

Prechter: Sell The Dollar, Buy Swiss Francs

"Bob Prechter has called this deflationary market environment about as well as anyone over the last few years. Prechter says now is the time to sell the dollar, buy Francs and expect a minor bounce in the S&P. But don’t be fooled, he thinks the bear market is continuing and that stocks have much lower to move over the longer-term"

In The Pragmatic Capitalism

Topic related ETF`s: CurrencyShares Swiss Franc Trust (Public, NYSE:FXF), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN)

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