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Dollar Squalor




Please note the slippage in the dollar (in the face of a "tremendous" jobs report). It's a huge component of my big picture bear thesis and while one day does not a dollar break, it warrants a mention. Could foreigners be thumbing their noses at us?

How does one thumb a nose?

Also, Snapper has numerous voice mails asking him if he's gonna flambe Boo again. It's certainly possible--as a matter of fact, a lot of bearish technicians I speak with want to see a squeeze to S&P 1064 or 1069 to "set up" the downside.

Hoofy? He's got his feet on the desk and his hands folded behind his head. "Voodoo," he insists, "Voodoo and doo doo." I guess I can't blame him for being cocky...but I reminded him that in this business, if you don't stay humble, the Minx will do it for you.

Tick tock.

No positions in stocks mentioned.

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

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