By Jeff Clark in Growth Stock Wire:

Betting against the dollar is a popular trade right now. Maybe too popular.

The Daily Sentiment Index, published by Jake Bernstein, recently reported a mere 3% of survey respondents were bullish on the greenback. That's among the lowest reading of the past 20 years.

Not since Zimbabwe printed its first 100 trillion dollar note has a currency been more maligned and despised. And with good reason...

The national debt is approaching $12 trillion. The Treasury is printing greenbacks around the clock, and Federal Reserve Chairman Bernanke has been tossing them to the masses like Mardi Gras beads on Bourbon Street. So it's no wonder sentiment toward the dollar is bearish.

But as we've seen so many times before, when everybody lines up on one side of a trade, the odds favor it going the other way.

Read full article...

More on the dollar:

Great chart of the history of the dollar

Market guru Prechter: Dollar has reached a "major bottom"

Nobel Prize winner: Dollar reserve system is "falling apart"