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<p>[QUOTE=&quot;passantgardant, post: 1161497, member: 30033&quot;]Check yourself, Icarus, your overinflated ego is getting awfully close to the sun.</p><p><br /></p><p><br /></p><p><br /></p><p>You mean TIMING THE BOTTOM?&nbsp; That&#039;s what &quot;value investing&quot; is all about!&nbsp; You buy low with the expectation that it has nowhere to go but up.&nbsp; That is the opposite of getting into a momentum trend which means buying high and hoping to sell higher.&nbsp; Honestly, if you&#039;re going to try to school me, then try not to sound like a fool.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>I would highly recommend reading this:</p><p><a href="http://www.moneychimp.com/features/dollar_cost.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.moneychimp.com/features/dollar_cost.htm" rel="nofollow">http://www.moneychimp.com/features/dollar_cost.htm</a></p><p><br /></p><p><br /></p><p><br /></p><p>Foreign exchange shenanigans are never beneficial because they distort the price signals for supply and demand the same way inflationary monetary policy does.&nbsp; It inevitably leads to malinvestment.&nbsp; If it made sense for businesses to attempt to win more orders by lowering prices, then businesses should be free to simply lower their prices.&nbsp; If they don&#039;t believe that lowering their prices is in their best interests, then how is it in their best interests for the Fed, Treasury, and Congress to collude to lower their prices for them via monetary and trade machinations?&nbsp; You can certainly point to short-term benefits for some individuals because of the delayed action of inflation on different parts of the economy, but this is essentially a &quot;broken window fallacy&quot;.&nbsp; Other people are hurt immediately (almost all consumers since most goods are imported) and everyone is hurt in the long run except for those few who can time their arbitrage perfectly. </p><p><br /></p><p>The art of economics is not merely evaluating the immediate, intended consequences of any action, but the long-run implications several times removed.[/QUOTE]</p><p><br /></p>

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