Any thoughts on the effect if any the games will have on the markets? How about Chinese companies traded over here?
My thought is that we could see some movement in the penny stock arena just from the news bounces. It will be interesting to see.
I put some money into CYB .... might do well after the Olympics .... any thoughts? CYB: This ETF investment seeks to earn current income reflective of money market rates in China available to foreign investors and to provide exposure to changes in the value of the Chinese Yuan relative to the U.S. dollar. The fund normally invests in a combination of U.S. money market securities with forward currency contracts and currency swaps which is designed to create a position economically similar to a money market security denominated in Chinese Yuan. The average portfolio maturity is 90 days or less. It does not purchase any money market securities with a remaining maturity of more than 397 calendar days. The fund is nondiversified.