King Dollar

It's amazing to see how much the market hates the dollar. The dollar and the market continue their inverse relationship. The average American is completely oblivious and ignorant. But you can't blame them, they only know what the media tells them, they aren't traders who follow the market day-to-day.

I was approached today and someone said to me, "stocks have been going up like crazy ever since last month." And in my head I'm thinking: jobs are still disappearing, houses are still being foreclosed, consumer sentiment is down, etc.

All gains in the market are offset by the depreciating value of USD. Remember that. DOW 20,000 does not mean a booming economy.

Dollar:


SPY: