THE MARKET IS SCREAMING FOR MONETARY AND FISCAL POLICY ACTION

Today the US dollar is making new lows. This market is crying out, calling for the FOMC and Congress to take action. The greenback needs support from both fiscal and monetary policy. Congress will have to pull more than a few rabbits out of the hat quickly if it expects to leave town by November 16. It seems impossible but miracles do happen. The FOMC will likely cut short term interest rates soon after Congress completes its work.

The lower the dollar goes, the cheaper US stocks become in relative value. Huge pressures are building. When the cork pops off the bottle there will be will be no way to stop the gusher.