I'm looking for a sharp reversal near 74.27 (where the WTF is pointing to in the daily chart, give or take a pixel) on the dxy...More than likely /not/ a bottom for the dollar but my gut thinks it will be a tradable bottom for the short-term. This implies a stock market retreating to the Dow 10,000. Just be careful to protect your dollar denominated holdings (commods).

[update] Sitting at 74.25 at the close of regular trading.

Where are all the kool-aid drinkers sporting the 'Endless War' bumper stickers now???

More Forces (Bloomberg)

Among the decisions before Obama is whether to grant a request from the top commander in Afghanistan, General Stanley McChrystal, for 40,000 more troops to fight the Taliban, which harbored al-Qaeda before being toppled in the invasion following the Sept. 11 attacks. The U.S. contributes about 70,000 of the 110,000 foreign forces waging the Afghan war...

White House Budget Director Peter Orszag has estimated that each additional soldier in Afghanistan could cost $1 million, for a total that could reach $40 billion if 40,000 more troops are added...

Michigan Democrat Carl Levin, chairman of the Senate Armed Services Committee, said last week that higher-income Americans should be taxed to pay for sending more troops to Afghanistan...

An “additional income tax to the upper brackets, folks earning more than $200,000 or $250,000” a year, could fund more troops, Levin, a Michigan Democrat, said in an interview for Bloomberg Television’s “Political Capital With Al Hunt.”

What's the deal with the $200k and $250k as the magic number for taxes?

Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400

House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400

I present the 2010 theme song.


Sincerely,
Congressional Budget Office

PS. I wanted to say 2010++ but the middle class will be nonexistent by then.

From 0:40 onward.

Warmest Regards,
Thurgy