Friday, December 01, 2006

Weak Dollar = Good For Biotech?

The big cap biotechs have been in the dumps recently, but they do generate a large portion of their sales from overseas. The has a pretty good write up talking about how the weak dollar could benefit the large cap biotechs (Click: Here). Of course when I invest, I really don't focus much on the currency fluctuations, but I wouldn't mind if this will boost earnings a bit. Hey if you want to play the weak dollar with a little foreign currency exposure, check out EverBank (Click: Here).


At December 01, 2006, Anonymous said...

I have there a way to invest in the Euro through Everbank?

At December 02, 2006, Blogger Money Turtle said...

You can open a WorldCurrency Access Deposit Account or a CD denominated in Euro's. I believe the minimum investment is $10,000.


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