How To Play On The Weakening Dollar: CNBC
March 04, 2010 9:20 AM
Patrick Cunningham, Managing director at Manning and Napier, gave his thoughts on the dollar in an interview with CNBC. Cunningham said, “The key to success in this business is having a process adhering consistently through all type of market conditions.” Cunningham believes that in spite of the 8% rise in the dollar since December, the overall trend would be “flat to negative.”
Meanwhile, Jack Albin, executive vice president and chief investment officer of Harris Private Bank, sees strength in commodities.“We took money out of international stocks about a month ago.” he said. Albin believes that stocks are currently on the expensive side, and it would be wise to play commodities.







