There's a lot of talk about the dollar now -- all of it dangerous, and none of it right.
Election: click. Oil: click. Economy: click. The Fed: clunk!
Bush wins. Stocks win. And the political futures markets win.
Bush struts his stuff, and the market applauds.
A bubble of fear has driven stocks to deep undervaluation, and that bubble is about to burst.
It looks like the Fed may have found a new reason to stay too easy for too long.
Democrats say they will litigate the election -- and markets believe them.
Some important things are broken. But stocks are priced as though they can never be fixed.