The Stock Market is headed for a correction.. not because of Crude (although that isn't helping.. especially with all the high yield bonds at risk in the oil Patch..)  and it's not because of weakness in China.. (their economy is growing at least 3 x's what ours is.. maybe 4x's..)

It's because US stocks are overvalued.. We're at like 15.9 P/E when in past corrections we bottom out like around 11..

This was over 6 months ago.. (don't Think Russia is so hot anymore.. ) but still you get the gest from it..

http://etfreference.com/articles/2015/1000405/why-stock-market-overvalued/

This one is more current.. http://www.advisorperspectives.com/dshort/updates/Market-Valuation-Overview.php

So US Stocks are going to correct.. while foreign stocks.. aka Europe was up last night.. are further down the road to recovery then we are..

.. and hence.. the US Dollar is going to correct... lower.

When KSA and China were booming.. they took $$$ to the bank.. now that things are not so rosy and they are having to live on savings.. they are making withdrawals from the bank..

.. the bank is in New York... and invested in US Equities and bonds.. bonds are going to benefit from the outflow of $$$ from the stock market.

it's as simple as that.