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POWERSHARES QQQ TRUST SENIOR 1 ETF (QQQQ) 43.44 -$0.22 (-0.50%) 02:30AM (15 mins delay)

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Is the Hated U.S. Dollar About to Rally?

Nov 06, 2009 - 10:48 AM EST

Few essays I’ve ever written have drawn as much ire as the ones in which I propose that the US Dollar might rally. The US Dollar is indeed hated, so hated that people will hate you just for considering that it might rally.

Virtually every day I receive emails from people asking me about the coming massive US Dollar devaluation or when the Zimbabwe-esque hyperinflation will hit. What’s striking about this is that I receive more of these sorts of emails today (when the Dollar’s at 76 or so) than I did last summer when the Dollar hit a 30-year low of 72.

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Source: Seeking Alpha (Nov 06, 2009 - 10:48 AM EST)