Fund manager Mark Dow says Dollar is fine

As for the comments on U.S. Treasuries, Dow sees S&P’s outlook change as “overdue” — and a function of the ratings agencies being seen as late to the party.

Speaking of late to the party, he’s steering well clear of the gold and silver frenzy. Dow says there’s still time to reduce risk in general — not entirely different advice than a lot of what we’ve seen of late. What’s unusual is his stance on the dollar, which he sees as a buy relative to European and BRIC currencies.