Quote from fullblotter:
it might be, it might not. what is certain is that all these people calling for the dollar's demise are clueless. none of them saw the huge USD rally last fall because they apparently all take a "long term" view. "long term" is basically a euphemism for "I'm a fucking retard"...
the irony of the doomsday kooks is they strongly feel the worst is yet to come yet they are extremely bearish on USD. the only way USD keeps falling is if we have made a complete recovery and are back to the good ole times. any hint of the return of trouble and USD rips.
I couldn't have said it better. Good one.
I think the USD is probably on a downleg right now, but I hardly think that calls for all this "sky is falling" crap all the time.