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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment