Not for the banker robbers, but for us. The $ index is now below 80. The 10 year note pays 2.3% The $ is losing ground and the pace may quicken. Compare the rate of $ fall (near 9% in the last week) to the % yield on tresuries. Who really wants a gauranteed loss?

Natural resources are slowly catching a bid. So curriencies of resource rich nations, like the Loonie are gaining ground on the US $. This will give US holders of the canadian based stocks a bonus in terms of currency strengthening. Just a little payback for remaining strong.

Merrry Christmas.