By Nicholas Santiago on October 8th, 2010 3:55pm Eastern Time
The same game gets played again ahead of another long holiday weekend. The U.S Dollar Index drops and the stock market rejoices over losing 91,000 jobs in September. It is all about the U.S. Dollar as the dollar continues to decline on a daily basis. When the dollar declines the markets inflate and trade higher. When you see that most commodities and assets are denominated in the U.S. Dollar what have you really gained from this rally? Most retirees and people that are fed up with the stock market games have lost 12.0 percent of their purchasing power in the dollar. So once again this economy will suffer at the hands of the inflation creators. I've said it before and I shall say it again, this won't end pretty. Oh, I forgot the Dow Jones Industrial Average will trade above 11,000 again though. If that is any consolation.
Comments