I would disagree that it findamentally changes nothing. If the Fed's action results in a perception that the dollar has bottomed-out and changing course, the subsequent result is very real.

Ernie is right! (did I say that?) With the EU decisioning on core interest rates and declining crude costs -- we've continued to see a strengthening dollar since the Fed's move.

I will have a Belikin -- put it on klcman's tab.