For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.
"My top pick for 2008 is the PowerShares U.S. Dollar Index Bullish (ASE: UUP)," says seasonal timing expert Sy Harding in his Street Smart Investor.
"The US dollar has been in a frightful decline against most global currencies for six years now. Its decline has served the US economy well. Among other positives, the weaker dollar made US exports less expensive for foreign consumers, while making imports more expensive for US consumers.
"That has been a win-win situation for US manufacturers in a period when US manufacturing has been a struggling sector of the economy.
"The weaker dollar has made travel to the US, and shopping here, a happy experience for foreign travelers. Without purchases of second homes by foreign buyers, the plunge in the housing market would have been even more severe.
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