Re: Why will the dollar rally?
[ QUOTE ]
Post your thoughts. I've been short the dollar since mid summer and I want to lever up. Someone tell me why this could potentially be a bad idea, I want to see if I'm missing anything.
[/ QUOTE ]
I'd be scared as hell of going short the dollar at this point, largely because everyone who has an opinion on the matter either (a) wants to go short or (b) already has. And every single one of those people will have to either (a) buy those bucks back themselves or (b) be forced to do so, if and when the trade starts moving against them.
More succinctly: As I remember reading many years ago in an issue of Barron's, "If the majority were right, the majority would be rich."
Mook
|