Once everyone piles on to one side of a trade it's time to start looking around for a different bet. The Euro is too high and the European Central bank is fighting the wrong enemy. Inflation is not a problem any more but de-flation is. Once their economy goes into the tank they'll realize the mistake and start lowering rates and then the dollar will jump.

And all this nonsense about Bernake "dropping dollars from helicopters"? Those dollars have all been sucked up by the big Black Hole of the banking crisis. The money supply which was growing at a 14% annual rate at the beginning of the year has hit a brick wall and is now only growing at a .5% rate.


But then, I might be wrong....... :dontknow: