Comments on: The Dollar Bull is a Lie http://www.dailyreckoning.com.au/dollar-bull-2/2007/11/06/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 03:43:55 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Colin http://www.dailyreckoning.com.au/dollar-bull-2/2007/11/06/comment-page-1/#comment-4404 Colin Tue, 06 Nov 2007 00:31:12 +0000 http://www.dailyreckoning.com.au/dollar-bull-2/2007/11/06/#comment-4404 I'm bullish on the US dollar over the next 5 years. Why? Because people think too much, try and assign meanings as to why the dollar is sliding, and when you start thinking this negative, thinking that this is a 'meaningful' move in the context of history. Once the speculators start covering their dollar shorts, the momentum players start piling on the resurgance, and all the quant guys start seeing strong opportunities to arb certain US assets with the rising dollar, no one will even remember this US dollar slide. Remember the great pound overvaluation? Nope? That says enough. I'm bullish on the US dollar over the next 5 years. Why? Because people think too much, try and assign meanings as to why the dollar is sliding, and when you start thinking this negative, thinking that this is a 'meaningful' move in the context of history.

Once the speculators start covering their dollar shorts, the momentum players start piling on the resurgance, and all the quant guys start seeing strong opportunities to arb certain US assets with the rising dollar, no one will even remember this US dollar slide.

Remember the great pound overvaluation? Nope? That says enough.

]]>