Here Is Why Dollar Bulls Are Wrong

and why Dennis Gartman will end up looking like an idiot for promoting getting long the U.S. dollar. The big Wall Street banks have accumulated a record short position in the U.S. dollar - the chart is courtesy of the erudite and savy Trader Dan Norcini at http://www.jsmineset.com/:

The red line represents the big Wall Street banks and the massive size of their bet against the U.S. Dollar, the black line represents the Dennis Gartmans of the world and the institutions who are betting against the big banks; the blue line represents the small-fries who robotically trade based on what they hear on CNBC...the small fries and large funds will get fried once again by Wall Street:

US-Dollar-Chart-COT-as-of12-29-2009 -

If you follow the real money, you might make some of your own.  If you listen to the shills on CNBC, you are guaranteed to end up waiting in line for Government entitlements.