Dollar continues to sink

The dollar continued this weeks downward trend today setting a new 19-month low against the Euro. The fall was exacerbated by thin trading and a stronger than expected Ifo figure yesterday. The recent dollar devaluation and its increasing volatility put pressure on the stock markets in Europe and Japan. I think this dollar slide is inevitable and will continue after a few days of consolidation. A lower dollar will ultimately make the US firms more competitive abroad and help the US economy restore equilibrium. From a European perspective I will look for buying opportunities again in the US markets when the downward pressure on the dollar is over. Also, remember Gene Epstein's case for a 5 percent plus dollar revaluation. Ergo, whichever scenario, it will be buying opportunities soon again. I remain bullish and let the bears stay in hibernation, at least till spring.