The dollar itself is in a very precarious situation. It’s becoming increasingly obvious that foreign treasuries are dumping US debt (for good reason.) The Fed is finding itself between a rock and a very hard place – I’m no economist, but I think the Fed is going to disappoint Wall Street. The Fed must avoid the “moral hazard” of bailing out bad choices. They also must avoid the further deterioration of the dollar (which a dropping rate will affect dramatically.) The next couple of weeks will be very interesting. Want to speculate? Spend a little risk cash on index puts.