The dollar, on a ‘hurricane path of destruction,’ is set to fall

by Michael Bush,  Market Watch

The U.S. dollar, at its highest level in nine years, is about to fall off its perch.

The decline will catch most investors by surprise and create sudden reversals in oil, coal and emerging market stocks. You can profit from this if you act now and buy those sectors — and bet against dollar.

That’s the outlook, at least, of Lawrence G. McDonald, a market strategist who has a knack for spotting trouble ahead in markets. McDonald says in his New York Times best-seller, “A Colossal Failure of Common Sense,” that he warned colleagues at Lehman Brothers of the coming subprime storm and how it might hurt the investment bank.  Read the entire story.

 

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