From OfTwoMinds.com:
... [T]he risk trade is merrily bubbling away: global equities are melting higher, along with gold/silver, oil, seaweed futures, 'roo bellies, and everything else except the U.S. dollar, which is universally declared doomed.
Something about the complete correlation of all these markets and asset classes bothers me, as does the absolute consensus that the U.S. dollar has only one possible future: down.
Doesn't anyone else sense a disturbance in The Force when 'roo belly futures, coffee, quatloos, gold, Indonesian lumber, German bank stocks, bat guano, etc. all rise in lockstep together? I mean, come on, folks -- this is all one trade.
There is only one object of scorn on the other side of this global trade: the universally hated and loathed U.S. dollar...
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More on the U.S. dollar:
This could be the day the dollar falls apart
Jim Rogers: "We're at a moment of truth for the dollar"
This chart could be the key to the dollar's next big move
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