DISCLAIMER: THE THOUGHTS AND OPINIONS EXPRESSED HEREIN ARE SOLELY THOSE OF THE WRITER AND NOT OF EVERBANK. NOTHING HEREIN SHOULD BE CONSTRUED AS INVESTMENT ADVICE OR SOLICITATIONS TO PURCHASE ANY OF THE PRODUCTS DISCUSSED HEREIN. SEE THE SECTION ON THE PURPOSE OF THE DAILY PFENNIG FOR FURTHER DETAILS.

The Purpose and Nature of the Daily Pfennig
The Daily Pfennig is written each business day by Chuck Butler and distributed by EverBank World Markets.

The purpose of the Daily Pfennig is not to provide investment advice or to manage your money – THOSE ARE DECISIONS THAT YOU HAVE TO MAKE. If you do hold investments you should conduct your own research and evaluations taking into account other independent sources of information and commentary.

The Daily Pfennig is a general update on the global marketplace, is a commentary on the conduct of fiscal, monetary, and political policy and their collective impact on the currency markets, is the analysis of an individual who has nearly 35 years in the investment business and over 15 years experience in the currency market, is the thoughts of a dyed in the wool Saint Louis Cardinal and Missouri Tiger fan (and sometime Saint Louis Ram’s and Blue’s fan), and is a publication that is designed to provide you with some information, some levity, and some analysis to assist your thinking about currencies and their place in an investment portfolio.

While everyone here at EverBank loves Chuck and loves the Daily Pfennig, just to be clear, all comments and opinions are solely those of the writer and are not in any way comments or opinions of EverBank or its affiliates. Additional information is available upon request. Information in this publication has been obtained from sources believed by the writer to be reliable, but the accuracy, completeness and interpretation are not guaranteed and have not been independently verified.

Opinions expressed are subject to change without notice and, due to the rapidly changing nature of currency markets, may quickly become outdated. The opinions and information presented do not constitute a solicitation for the purchase or sale of any securities or options on securities. It is possible that from time to time EverBank, the author, or related parties may hold investment positions in subjects of discussion (including currencies and possibly baseball tickets) in this publication. Fair warning.

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