Earnings season is upon us and companies seem to be falling line in
blaming the strong dollar for earnings weakness. And while some argue
that the strong dollar excuse is invalid, in reality the
strong dollar is hurting
most U.S. based companies. Companies in the S&P 500 have overseas
sales that average 45 percent of total sales. And things are even worse
for Nike, which has sold more shoes this year than last year, but the
company's revenue has declined because of the strong dollar.