Signs Signs Everywhere there's signs
Blocking up the scenery, breaking up my mind
Do this, don't do that
Can't you read the sign?
Alright...I can't help myself anymore. I've listened to pundit after pundit opine that the dollar squalor is ultimately good for stocks. I surely don't claim to be a global strategist but jeez, Louise, am I taking crazy pills? The currency of the United States of America is melting through seven year lows. I refuse to believe that's bullish---whether it portends "imported" inflation or lack of faith in the ol' glory. With foreigners a significant weighting of our bonds and equity, let's think about this for a moment.
When I was on CNBC late in the summer and discussed the potential for the greenback (slide) to trigger a wider scale "issue," I was alone on an island. In many ways, I still am. Despite other's insistence of a wall of worry, the stats just don't support and complacency is running rampant. Everyone is bullish, the dollar is cracking, gold is spiking and oil remains stubborn.
As I said in the last post, this isn't an advice site and I'm simply offering my opinion. With that being said, it remains my opinion that the schvitz is gonna hit the fan.
Thanks for listening.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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