Re: Why will the dollar rally?
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2/3 of americans already believe we are in a recession.
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This alone is good evidence that we are not.
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the financials are going to have 0 or negative earnings for the next several quarters. i believe they are going much lower and a handful will go bust or get bailed out.
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If you had been more specific on what you meant by the broad term "financials" I could easily refute your contention. In general it is unlikely any of them will "go bust" and earnings will continue though perhaps at a slower rate than in the past. Don't confuse earnings with loss in Cap Value.
Jimbo
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