Dollar Bull Market

It is amazing to me that so many people continue to ignore the obvious. That is the present, ongoing bull market in the US Dollar. Yes, that is the US Dollar that you and I use every day. It may be the worst of many paper currencies or it may be that dollars are becoming more valuable as deflation takes home. But as the accompanying chart shows, the USD bottomed back in 2008. Yet, in the last two years most observers have been in denial of the fact. While the USD may be overbought in the short term and vulnerable to a pullback, look for any such weakness to be transitory. The monthly chart bodes well for US Dollar bulls like me.