The dollar and commodities are doing the Lambada once again as the dollar slides and oil and gold scream higher. Stocks are falling as once would expect against that backdrop. The Dow has given back 200 points thus far this morning. The approach of 1.4700 resistance in EUR/USD could slow the dollar’s decline. Solid bids are seen at 106.00 in USD/JPY. Oil is approaching $110 a week after trading on a $90 handle. We live in interesting times. I better gas up the Valdez while I have the chance.