S&P In Real Terms: Down 0.5%
Since everyone has now given up on the dollar, and since nominal values expressed in a reserve currency on its deathbed are irrelevant, here is the finally tally for the day: S&P in nominal terms, expressed in dollars: down 0.07%; S&P in real terms, expressed in gold: down 0.5%. Just a slight difference there. Also, since Friday, stocks are up 1.26% in nominal terms, and down -1.05% in real terms. Soon stocks will be up a few million percent nominally, while the dollar will be sold in double or triple ply version. With nobody daring to step in front of the Marriner Eccles madmen, the natural shorts are now expressing their bias via gold. Sorry Bernanke - you lose.
Three day real performance: