- Prison Planet.com - http://www.prisonplanet.com -

A Dollar-Devaluation Adjusted Market Has Barely Moved Above Its 2009 Lows

Posted By admin On November 8, 2010 @ 1:06 pm In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Monday, November 8, 2010

While nominal stocks will soon be reaching for new all time highs, very much in the spirit of the Zimbabwe stock market, all of these so-called price levels (and the associated “wealth effect”) are increasingly irrelevant as they continue to come solely at the expense of ongoing global currency devaluation, whose only alternative is the purchasing of hard currencies such as gold and silver. Which is why when expressed in terms of gold, it may be surprising to some that the stock market has barely moved from its generational lows recorded in March 2009. In other words, over the past two years there has been no real growth in asset values, as it has all come at the expense of every central bank’s ongoing, and accelerating, debasement of its currency.

A Dollar Devaluation Adjusted Market Has Barely Moved Above Its 2009 Lows ES%20in%20GOLD 0 [2]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/a-dollar-devaluation-adjusted-market-has-barely-moved-above-its-2009-lows.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/dollar-devaluation-adjusted-market-has-barely-moved-above-its-2009-lows

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/ES%20in%20GOLD.jpg

[3] March 2009 Lows Will Be Tested: Strategist: http://www.prisonplanet.com/march-2009-lows-will-be-tested-strategist.html

[4] Felix Zulauf: The March 2009 Lows Won’t Hold: http://www.prisonplanet.com/felix-zulauf-the-march-2009-lows-wont-hold.html

[5] Dollar Devaluation Brings Illusion Of Prosperity: http://www.prisonplanet.com/dollar-devaluation-brings-illusion-of-prosperity.html

[6] Silver Surges Over $46.25/oz As Rumours Of A Short Squeeze And Cornering Market Gain Credence: http://www.prisonplanet.com/silver-surges-over-46-25oz-as-rumours-of-a-short-squeeze-and-cornering-market-gain-credence.html

[7] “I Am Jim Cramer And I Approve Of The President’s Message (Because The Market Moved Up By 3 Points)”: http://www.prisonplanet.com/i-am-jim-cramer-and-i-approve-of-the-presidents-message-because-the-market-moved-up-by-3-points.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.