Friday, December 18, 2009

Bearish on Dollar

I am short term bearish on the dollar.  What that does to the equity markets, I will not make a guess.  We have decoupled from the tight inverse correlation of dollar and equities.  So I don't suddenly expect us to go shooting higher on a weak dollar.  Maybe the best bet will be to buy commodities.  Despite my bearish dollar stance, today's trade has me leaning towards a gap down on Monday. 

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