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Dollar Squalor

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I'M ON THE OTHER LINE!

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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.

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