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Not going to let you get away with that 65% figure. How much has it declined since 1981? How about since 1992? Or 2008? If you want to pick the blow off top, I’ll pick the bottoms.
I understand the dollar has weakened, but it’s relative to your starting point and choosing the best starting point for the biggest figure doesn’t get you anywhere. I look at it as being slightly below where it was for most of the 90’s.
That being said, I think you’d be nuts to short the dollar right here.
leftcoasttrader,
eat more tofu….the dollars reading was 165 in ’85…that does not account for inflation my friend…
To each their own. You pick your spots, I’ll pick mine.
Anyways, moving on. I think shorting due to Fed policy is a silly idea, at least over the long term. Maybe for a few months if you can time it right, but too many weird things can happen. Weird things happen far too often for trades that obvious to work. Weird things like pumping trillions of dollars into the system since 08 and ending up with a dollar that never made new lows. That’s pretty freaking weird to me. But it happened and anyone betting on the obvious lost money.