Wednesday, November 11, 2009
Karl Denninger - who is always worth reading - shares 2 stunning charts which show the inverse correlation between the dollar and the Dow:
That is an overlaid chart (as close as I can easily get them to register) on the dollar and The S&P 500 from the March lows to today.
Notice the near-perfect inverse correlation. The Dollar goes up, the market goes down. The Dollar goes down, the market goes up.
Now today, literally minute-by-minute:
Same correlation - near-perfect.