from an economic point of view, the equities are inversely proportional to currency valuation. maybe new theory is being set up this time?
U.S. stocks jump to record highs, dollar rises
Wall Street stocks jumped to record highs on Tuesday on hopes steady U.S. growth will extend equities' stellar run, while a strengthening dollar fueled further losses in oil and gold. U.S. equities have risen the past three weeks with the Standard & Poor's 500 index racking up a 16 percent gain so far this year, due mainly to the sea of cash produced by the Federal Reserve and other major central banks' policies of ultra-low interest rates and asset purchases to stimulate their economies. "The developed economies of the world are all easing aggressively, the money is looking for a home and it's ending up in the stock ... (full story)