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The Dollar Drive Is Done - Buy The PowerShares DB US Dollar Bearish ETN

The dollar move of the last forever or so is ending now in my opinion, so I'm suggesting investors move into securities like the PowerShares DB US Dollar Bearish ETN (NYSE: [[UDN]]) immediately.

Chart of UDN at Seeking Alpha

That's an ugly chart isn't it? Sometimes you have to ignore the past and recognize an opportunity, and this is a time like that. The dollar has been gaining strength against the euro and other foreign currencies over the past year because of the health of the U.S. economy versus weakness overseas. While the U.S. Fed is ending its easing measures, foreign banks are initiating aggressive easing measures. But, all this is about to change…

One very important catalyst of the dollar drive higher is coming off the table today. It is Greece risk and relative fear and panic priced into the market for currencies, debt and equities as well. The… Read More …