Dollar Takes Out 2010 Lows, 2011 S&P Now Down 2.3% In Dollar Purchasing Power-Adjusted Terms

Tyler Durden's picture

The DXY has just breached the support from 2010 lows. Ben Bernanke's stealth plan to inflate the debt is working. In other news, the dollar is now one lap ahead of everyone in the devaluation race. On a real, not nominal, basis the S&P is now down 2.3% expressed in constant dollar purchasing power terms.

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101 years and counting's picture

that extra 15.7 million spent on the Weds auction was the killer.

fuggetaboutit's picture

Good to see that Ron Paul's hearings yesterday had such an immediate and important impact on policy execution by Fed and Treasury.

Because its not what the people want thats important (gas and food prices that stop increasing several percent each week, for example), its what Fed and Treasury want thats important.

IQ 145's picture

 The extreme of a trading range; BTFD. Or, sell the Euro.

raya123's picture

Nope, this signals a collapse into the yearly cycle low, due in May.  Gold and silver will move skywards as a result.

fuggetaboutit's picture

BTW what the hell does the UUP represent? That thing actually taken out its 2008 low

alien-IQ's picture

that's a USD Bull other's a death sentence for any money put into it....or a fabulous vehicle for a tax write off (if you want to take the "glass half full" approach)

Zero Govt's picture

Dollar takes out low, Elliott Wave idiots calling a Dollar rally get it wrong (again)... near 100& failure rate (stocks, Gold, Silver, currencies, you name it!) but the 'Rob Prechter Retards' still think they can predict ...only Bernankes predictions get close to getting it wrong as often as the Prechter Wave sham show

jus_lite_reading's picture

Double HOLY CRAP as Tepco is saying that nuclear chain reaction is now possible!!!!!No amount of money can prevent this for worsening.

When THEY say then you knowd its bad!


mophead's picture

Who cares. Prices are going up. Be happy.

chinaguy's picture

WTI today closed over $102/bbl
Tokyo is only a change of wind from being shuttered.
Bahrain & Yemen are on fire.
BUT, BUT, BUT BUT BUT! - the market closes green today - Hooray!

The "miracle ingredient" has been so powerful that you don't need to worry about Saudi oil disruption or our country's 3rd largest lender being brought to it's knees....CURRENCY DEBASEMENT!

Hooray! let's hear it for currency debasement!...we don't need no stinking oil, or anyone else to lend us money...We can just print as much as the world needs...oil, no problem..we can just print no problem we can just print some! 

rubearish10's picture

Carry Trade returns!

Pladizow's picture

Good game America, thanks for coming out!

Debtless's picture

Long live these United States of Scamerica.

Samsonov's picture

But it's up big in my-personal-mortgage-adjusted terms.

PenchantForHoarding's picture

Balls.  That's gonna make the Amalfi weekend house annoyingly expensive...

poor fella's picture

Please clarify - Is that the weekend of April or July? Of 2011 or 2012? It's so hard to keep track these days.

Sudden Debt's picture

I booked a week trip to New York for April. This does come at a good time :)


George Huxley's picture

This just in: European Debt Crisis <--- Look over here!!!!

Mr Lennon Hendrix's picture

Look where?  I can't see with all the smoke in the room.

[cough cough]

long juan silver's picture

Don't bogart friend...pass it ooover...tooo me...

Oh regional Indian's picture

Puff the Magick Dragonnnn...etc.


Alex Kintner's picture

Puff, puff. "Oh wow man. Look at that meltdown. The colors are beautiful. Hey man, don't bogart!!"

jus_lite_reading's picture

What EU crisis??? I don't see through the nuclear smoke!

AccreditedEYE's picture

Indeed. Long live the new carry-funding-currency king. LOL  

Perhaps now Timmah and Ben can stop pretending they believe in a strong dollar policy... I mean that is getting ridiculous.

Mr Lennon Hendrix's picture

Double speak has never sounded so [drool] goood [drool].  Brains....braaaains!!!!!!!!!!!!!!!!!!!

Mr Lennon Hendrix's picture

The hammer of the gods...will drive our ships to new lands....

hedgeless_horseman's picture

Using this handy ruler I have determined that ultimate support for this instrument is zero!

On a long enough timeline
the exchange rate for
every currency drops to zero.

TruthInSunshine's picture

On to plan J, or is it K now?

Musical chairs with currencies, where central banks take turns ravaging their own currencies, in concert with their cohorts.

All the markets are but a note in the same Ponzi scheme.

Oh regional Indian's picture

Truth, it's looking more and more like Plan KY for the masses.


rosiescenario's picture

....damn...I was hoping for Astroglide....

DaveyJones's picture

Can't remember, does it track our purchasing power or political respect?

surfsup's picture

mandrake gone wild

SilverRhino's picture

This is like playing a game of 8 card monty with a vampire squid ...

Look over here, no here, there, maybe here,  could be there, here?, there, now place your bets gentlemen!!!

Zero Govt's picture

Elliott Wave is what you want to place your bets. This shambolic Rob Prechter clown show have been calling for a Dollar rally and stock index decline since the dinosaurs and been getting it wrong probably longer!

Get an Elliott Wave forecast on any currency, Gold, Silver, any Stock Index and do the exact opposite the retards tell you. Though it's hard to tell as they like to say "it could go up... it could go down" because they haven't a fuking clue. When it goes up, even though their main recommendation it was going down, they cherry pick their 'I knew it was going up all along quote'.  

Here's the totally incompetent Rob Prechter predicting 2010 would be "a very large decline in 2010.. at least as big as 2008.." This delusional muppet kept predicting stocks and metals were going down throughout 2010 despite 12 months of unfolding contrarian reality

a drunk monkey throwing a dart at charts could beat the Elliott Wave Theories near 100% failure rate for predictions for the past 14 months against these idiots Gentlemen


pragmatic hobo's picture

"In other news, the dollar is now one lap ahead of everyone in the devaluation race"


well ... as long as we are winning ... we are winning, right?

Dick Darlington's picture

When will the riots in US of Bernank start? Can't be that far away esp if iPads will come short in supply...

alien-IQ's picture

and every downtick in the /ES is countered by another $DXY shanking thus promptly correcting the situation...yes indeed it was gorgeousness and gorgeosity made flesh....all hail the ponzi.

"Why, Mr. Anderson? Why do you do it? Why get up? Why keep fighting? Do you believe you're fighting for something? For more than your survival? Can you tell me what it is? Do you even know? Is it freedom? Or truth? Perhaps peace? Yes? No? Could it be for love? Illusions, Mr. Anderson. Vagaries of perception. The temporary constructs of a feeble human intellect trying desperately to justify an existence that is without meaning or purpose. And all of them as artificial as the Matrix itself, although only a human mind could invent something as insipid as love. You must be able to see it, Mr. Anderson. You must know it by now. You can't win. It's pointless to keep fighting. Why, Mr. Anderson? Why? Why do you persist?"

Agent Smith - The Matrix

taraxias's picture



nice line from Clockwork Orange

Quinvarius's picture

I like the next line where he tells Luke he is his father.

UGrev's picture

He knew it was Fredo.. he knew..