Invest in the Loonie

[dn0121]

I was just reading something on Digg about rappers flashing Euros in their videos now instead of US Dollars and it talked about the Canadian dollar. I had no idea that it had gone up so much. This really brings home that we are in a world of hurt.

 

[MMDad]

Invest in the Loonie.

Rule number 1: buy low, sell high.

The loonie was low. Now it is high.

Assuming that rule number 1 is correct, should we be buying
Loonies right now?

 

[dn0121]

Rules are not always right, if that was the case I wouldn't have bought google when I did.

 

[Patch Tuesday]

I was just reading something on Digg about rappers flashing Euros in their videos now instead of US Dollars and it talked about the Canadian dollar. I had no idea that it had gone up so much. This really brings home that we are in a world of hurt.

Just wait...

"RIYADH, Saudi Arabia (AP) -- Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a "worthless piece of paper."

OPEC Interested in Non-Dollar Currency: Financial News - Yahoo! Finance

 

[dn0121]

Yea I just read that also. US needs to get its A$$ in gear!