One of These Days, the Dollar….

I’ve returned my focus once again to AAPL as a key market bellwether, even though the stock spent Tuesday in violent conniptions.  Our other telltale is the U.S. dollar, which has rallied moderately this week, although not yet enough for us to infer with confidence that the nasty correction since January is over.  One thing’s for sure:  When the greenback finally turns higher with a vengeance, all the nutty assumptions that have buttressed the global financial system’s house of cards will collapse overnight.