Pink Panther

Is It a Stock Market Rally or a Dollar Devaluation?

E Nuff Sed:
If you want to chart the excess performance of the S&P vs USD, you need to divide $SPX by the "USD bearish fund" (inverse):
stockcharts.com/h-sc/u...

Basically David Goldman is correct, the S&P has not moved that much as it seems this year in real terms.