As I noted some time ago, the stock market is NOT a good investment under current financial circumstances.
I went with the Loonie (the Canadian Dollar) which has appreciated from approximately $0.78 US when Obama took office to approximately $1.02 US today.
Also recommend the Aussie (the Australian Dollar) which has appreciated from approximately $0.63 when Obama took office to approximately $1.05 US today.
So, when did you actually put these trades on? What day? I can't wait to hear the answer.
Sorry, but I don't divulge specific information on my transactions.
If you look back (see you're new here) you will find that I had a long series of posts on this approximately a year ago.
I saw what you did there.
That's pretty much what I figured. Well really I figured you didn't buy anything you just looked up some exchange rates to take some political shots at Obama. You're financial recommendations would be a lot more credible if they weren't such obvious partisan contrivances. You do realize the Canadian dollar has been appreciating since Bush took office. Interesting that you arbitrarily picked the Obama inauguration.
Ten years ago (July of 2001), there were 1.53 Canadian dollars to a US dollar. That is as far back as the data is available.
http://www.bankofcanada.ca/rates/exchange/monthly-average-lookup/On December, 2008, there were 1.22 Canadian dollars to a US dollar.
As of July of 2011, there were approximately 0.96 Canadian dollars to a US dollar.
So under Bush, there was a reduction in the value of the US dollar relative to the Canadian dollar of approximately of approximately 20%, over a period of approximately seven and a half years.
Under Obama, there was a reduction in the value of the US dollar relative to the Canadian collar of approximately 21% over a period of approximately two and a half years.
Oh, and before you became a poster here, I noted the upsurge in the value of commodities, especially copper and cotton.
