Monday, March 7, 2011

Now Is Not The Time

Those who’ve read my books know that my longer-term outlook for the U.S. currency is decidedly bearish. But I am a trader and a contrarian at heart, so when I look at the depth and breadth of negative newsflow on the dollar that has cropped up this past week (some of which I’ve highlighted below), it often means just one thing: now is not the best time to be betting on the downside.

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