CurrencyShares Swedish Krona Trust (AMEX:FXS)
Exch traded fund to reflect Swedish Krona in USD
- Quote
- Commentary
- Scorecard
- Historical Prices
- Chart
- Stats
- Ratios
- Earnings/Growth Rates
- Statements
- SEC Filings
Recs
Wh1sp
(99.97)
Submitted: 10/14/2009 10:31:39 PM :
Start Price:
$142.07
FXS Score:
+19.09
One of many currencies I have recently made an underperform call on.
If a currency outperforms the s&p for an extended period of time with this little leverage, it will be the new "American dollar" from a new global powerhouse with the military, economic conditions, tax base, stability, and political will similar to the U.S. China is my vote for the future global safehouse, but I can't see global investors trusting their capital with a communist regime. The consensus seems to be that the dollar will be slowly replaced by a basket of stable currencies, and as such, the S&P should outperform these currencies in the long run.
--Wh1sp
Recs
porkbellyfuture
(99.32)
Submitted: 5/18/2007 4:11:38 AM :
Start Price:
$135.59
FXS Score:
-11.97
Unless you've been living under a rock the past few years, you no doubt have heard plenty of reasons why the US dollar is sure to drop. However:
1) All the other people who aren't living under rocks have heard it too, so all the bearish arguments should already be factored into the price
2) This is being compared to the S&P 500, which has returned an average of about 10% per year over the long term -- the krona would have to average a 10% gain per year, every year, to match this
3) On a purchasing power basis, the Swiss Krona and other major European currencies are currently significantly overvalued versus the US dollar -- if you live in the US and have travelled to Sweden lately you certainly know what I mean :)
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 2 of 2