I sent out the US Dollar short signal on its bounce to lower-highs (within bearish TREND) yesterday. No, I don’t think Ben Bernanke has the spine to taper in December.
This is one of the few times I would be more than happy to be proven wrong. The Fed should have tapered three months ago.
We might get one hell of a Buy-the-Damn-DollarDown stock market pop next week if Bernanke Burns The Buck (again).
Editor's note: This is a brief excerpt from Hedgeye CEO Keith McCullough's morning research. Click here to learn more about how you can subscribe.