Commence Phase 2 Of Melt Up
Bernanke got what he wanted. Stocks to go up. This is the gameplan now. Kill the dollar to increase the price of risk assets such as stocks. It’s the wealth effect from stocks. Stocks are up big today and so is gold. The question is will stocks be able to outpace gold? If gold rises faster than stocks, then stocks are not gaining value. Quite the situation we have in the markets and in the world of monetary policy. Got inflation-hedges?