Originally Posted by $5 submissions

Another winner of a weakening dollar, hedge funds that invest in overseas markets. They get a double whammy of returns: index rises due to influx of other US funds investing AND the increased value of the local currency (since stocks are bought in local currency). No wonder the POS PhiSix index (philippines) is past 4100 LOL Not because we have a stellar economy here in the Philippines but because of all the "hot" money flowing in from hedge funds.