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

by Tyler Durden
Zero Hedge
Nov. 08, 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.

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