Wednesday, April 14, 2010

Dismal Dollar

Today's column was about the breakdown in the US dollar index and how that means more than just euro strength. After all, the dollar index is 57% euro so dollar weakness vs. the rest of the world is far from guaranteed. That is, until you look at these charts.

Perhaps retail fleeing money market funds is smart? Well, only if they put the proceeds into gold and oil.

1 comment:

Will said...

Great article Mike, was thinking the same thing. Daily sentiment index readings in the dollar index futures have gone above the 90% bulls level... never smart to be long when the DSI is so lop sided.