Dollar has weakened further as markets have started discounting a rate cut by US fed to restore calm in US credit markets after subprime crisis. US stocks too are facing pressure and have become volatile in few trading sessions as market still is grappling with weak economic performance and bleak future outlook. High crude oil prices too are posing challenge for US equity valuations. However, emerging markets like HongKong, China, India, Taiwan, continue to attract offshore money into their stocks, thus pose serious inflation among it's stock valuations. Nowdays it's impossible to find cheap financial markets anywhere in the world! Prudent thing will be to wait for corrections and then buy.