Is the dollar/stock market relation changing fundamentally? This latest stock rally -- fueled by an obvious Greenspan put for bonds -- has been accompanied by a plunging buck.
My suspicion is that the next stock correction will be accompanied by a rising buck as market participants worry that the dollar has dropped too much for Greenie to maintain his bond put much longer.
Gold stock longs hoping for a big rally when US stocks turn south might be in for a major disappointment
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi
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