Sep 16, 2014

The U.S. Dollar Rally Will Be Short Lived

I haven`t been bearish on the stock market even though I am bearish on the U.S. Economy. I have been bearish on the on the U.S. Dollar, the dollar has rallied recently but I think that is going to be short lived.

The problem is the Federal Reserve will keep on doing one monetary policy mistake after another, they are going to destroy the value of money which means nominal stock prices have to go up. But don`t confuse that with a vibrant economy.

Related trading instruments:  SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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