Tuesday, October 13, 2009

Dollar Collapse Plunges S&P 500 Back To 1996

And here you were thinking that the market's collapse had taken only six years or so off the value of your nest egg.

After all, the S&P is back to 1,100, about the same level as late 2003.

Silly you!

As we've noted often in recent days, since your government is quietly destroying the value of the dollar (ostensibly to save your ass), the actual dollar-adjusted value of the S&P 500 is back to 1996 levels. Even after the recent 60% recovery!

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