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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (45543)11/18/2011 4:01:41 PM
From: MCsweet1 Recommendation  Read Replies (1) of 78476
 
Clownbuck,

To me, your positions seem contradictory, at least in the short term. If an Italian bank goes down or some other bad European event, don't you think the dollar would rally significantly versus the Euro and other currencies?

For that reason, I don't see a big need to bet against the dollar. The dollar is already inversely correlated with equities right now (which I own) on concerns of a worldwide meltdown.

Long-term the dollar may be overvalued, but I don't believe that comes in focus until Europe sorts out its mess.

MC
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