Alex Green, Chief Investment Strategist for Investment U, knows the dollar’s in the gutter and contrary to popular opinion, thinks it has nowhere to go but up.

Baltimore — (TFN): It’s like pulling off a Band-Aid. We can do it quick and get the pain over with, or we can torture ourselves with slow, steady, hair-ripping pulls that make us want to gouge our eyes out in pain.

Since I first scraped my knee chasing the neighbor’s cat across the street dozens of years ago, I have been a fan of the get-it-over-fast strategy. Rip the stitches, dry the tears and move on. Dilly-dallying is for sissies and I’m no sissy.

Is the drop in the dollar worth watching? Just like the sun will eventually shine its last ray of light, the mighty dollar will someday buy its last barrel of oil or its final container of Chinese imports.

We all know it is going to happen, so why bother discussing it. Right?

Wall Street has gone nuts. It has lost track of how stock markets are supposed to work. I say we put an end to it and take advantage of the market’s apparent short-sightedness.

The bear market has taken its toll on hedge funds so far this year. In the first half of ‘08 average hedge fund performance was a negative .75%. This from Bloomberg:

On July 16, 2007, we sounded the alarm on commercial real estate stocks… aka REITs. We cited record low yields and high valuations as reasons for avoiding – or even shorting – the sector. It didn’t take long for the market to prove us right.