If dollar collapses

I would have thought it depends on the context: If the dollar falls because it is simply over priced with oversupply in the natural course of events, then the market reacts positively. If it falls because of serious credit concerns when investors realise that the US is the next one to fall as the expense side of the PL now exceesed the income side, then I guess its curtains for all assets, no? Anyone give me some views on this, I would appreciate it.

I would have thought it depends on the context:

If the dollar falls because it is simply over priced with oversupply in the natural course of events, then the market reacts positively.

If it falls because of serious credit concerns when investors realise that the US is the next one to fall as the expense side of the PL now exceesed the income side, then I guess its curtains for all assets, no?

Anyone give me some views on this, I would appreciate it.

This is an interesting question, because if you apply the same logic to retail prices in relation to the value of the dollar then you must conclude that stock prices would increase. Even stock prices are subject to inflation right? I think I read somewhere that Zimbabwe's stock market was up some 600% during their hyperinflationary period. Initially, I would think a falling dollar is bullish for the american stock market, unless there was a sovereign default and then all bets are off. So I guess I am agreeing with your premise; it depends on the context.