Griffiths – almost halfway through dollar rally
Print This Story
December 24th, 2009 by Prieur du Plessis, Investment Postcards from Cape Town
Twitter It! | Email This Article
“We are almost halfway through the dollar rally,” said Robin Griffiths from Cazenove Capital. His target for the US Dollar Index is 81 (currently 77.9). Griffiths also sees stock markets “topping” in March next year and suggests investors look at high yield sectors like oils, pharmas, telecoms and tobacco.
Source: CNBC, December 21, 2009.
Considering the short-term technical picture of the US Dollar Index, Adam Hewison (INO.com) also chipped in a few days ago with a short analysis of the outlook for the greenback, concluding that the rally may have more legs, but the primary trend was still down. Click here to access the presentation.
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
Related Posts
Adam Hewison: A Sneak Peek S&P 500, Dollar, Gold, and Crude Oil
China Construction: Boom or Bust?
Face-to face with the bears: Marc Faber and Mish Shedlock
Why Gold is Declining (The King Report)
Chart: US Consumer Holds Back Growth
Tags: Advertisement, Ahead, Cars, Consumption, Durable Goods, GDP, GDP Growth, Growth Chart, Growth Index, Houses, Ism Manufacturing, Leads, March 11, Metrics, Postcards, Relationship, Surveys, Time Series, VacationsPosted in Markets |
