I keep feeling like the market should be up pretty good given
the dollar is down about .35%, but it's not. So i looked at the
dollar/spx chart and sure enough the normal inverse correllation
has disappeared today. Maybe that's a bearish indicator -- when the
market "should" go up and doesn't you have to wonder.
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Normal market/dollar correlation had vanished today
Posted by puma on 24th of May 2011 at 01:53 pm
I keep feeling like the market should be up pretty good given the dollar is down about .35%, but it's not. So i looked at the dollar/spx chart and sure enough the normal inverse correllation has disappeared today. Maybe that's a bearish indicator -- when the market "should" go up and doesn't you have to wonder.