Dollar Long and Euro Short (Long Term) - Black Swan Capital

Being right and acting right ... Did I say "long term?"

I hope I mentioned the word "long-term" several times when I sent you the long-term dollar index chart last week with my best guest attached for a dollar rally.  Mr. Greenie is getting smoked today.  Why?  Well, too many people were long dollar and short euro decided to reverse their position is likely why.  And maybe there is more.... I received an email on Friday from a man who lives across the pond and whom I highly respect.  A man I would categorize as "forgetting more about currencies and currency trading than I likely will ever know."  Yes, in my book, he is the Babe Ruth of the currency world.  So to put another way during this baseball playoff season, "I couldn't carry his jockstrap."  So naturally I was a bit concerned when he quipped:      Currency Currents 10 October 2011