The Dollar could reverse this rally....yikes
So, I asked myself what could act as a party pooper to this bull rally we got going on?
Unfortunately, what could act as a party pooper....already is.... I have 3 words...
"Watch the Dollar."
The dollar could absolutely tank and extend our great recession further than Ben Bernanke's bottom call. We could go back to DOW 6500... Maybe even achieve the scary DOW 5999.99 mark.
Pretty much hinges on the Dollar doing damage to our financial sector....Could raise oil prices damaging transportation, beverage, shipping, airlines, and other sectors.
With a falling dollar comes hyper inflation all over again. That mixed with President Obama's CAP and TRADE mixed with his TAX HIKES mixed with his UNIVERSAL HEALTHCARE programs... All boils down to a "head fake."
Yes.... I was bullish March 1st regarding "The MALL !!" But, now "The MALL !!" keeps whispering to me... "Watch the dollar!" And things aren't as pretty as they may seem.