Well the market was supposed to be up today as Microsoft beat earnings and didn't slash its guidance too significantly, but Europe didn't seem to care and is crashing. As my Apple call worked out here is the next one.
The new stock of choice is UUP. Go long the ole greenback and watch your money grow as Europe fails.
As Bible says, the market does. UUP finished the day up 2.60% versus the broad market NASDAQ Composite Index finishing down 3.23%. The difference produced significant one day alpha.
This is not a recommendation to buy stock. Bible is a shareholder of UUP and has reeped benefits of the increasing dollar price.
1 comment:
Not only an excellent scrumhalf/Flyhalf, he is a financial advisor. Do you do taxes?
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