Usually, when it is obvious it's obviously wrong, hence the use of stochastics to measure oversold and overbought conditions. But then there are breaks where there is a point of no return.
Is the Dollar at that point? In the 70s, it was Nixon disconnecting us from the gold standard. History rhymes, doesnt repeat. The US could inflate the debt away, but does that mean the dollar will crash. "Nobody is innocent in this s***" Russell Crowe likes to say to Di Caprios' character in Body of Lies.
The only man in the world that is betting a country's finances that the dollar isn't going to zero (about 30 billion and counting) is Stanley Fischer at the Bank of Israel. George Soros bet and won a billion in a day breaking the Bank of England, what will Israel make if it proves to be true about a country?
UUP is 2x leverage on the US Dollar basket. It is a garbage ETF to own but the key here is options. Buying a little out of the money options may put you out a hundred bucks but may return 1-300% Lets see!
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