Cash is king. Ai yi yi… Last week was the worst for investors in 3 years. Even gold melted down, as we thought it eventually would. The only things to go up were US Treasury debt and the dollar. As expected, the Great Correction is doing its work. So far, the stock market has held [...] Why the US Dollar is (for Now) Still in Demand originally appeared in the Daily Reckoning . The Daily Reckoning provides over 400,000 readers economic news, market analysis, and contrarian investment ideas.