Rumors Of The Dollar's Demise Have Not Been Greatly Exaggerated
As the trading day rolls to a close, the trade once again is sell dollars, buy everything else. It is no surprise that stocks are trading where they are courtesy of an insane printing press operator and it being the third lowest volume day of the year, but now the buying spree has shifted into 10 Year US Treasuries as well. Nothing can stop the systemic annihilation of the dollar at this point absent a major exogenous event, or constipated European bureaucrats saying enough before one Euro can buy a few hundred million portraits of George Washington.
In the meantime, is anyone trading at all anymore?