What is missed is that if the Dow goes up in 2007...but the dollar goes down. What you'll have is nominal not real gains...
To someone in Euroland who "sees" the Dow or Gold in Euros not dollars...all of the gains will look like mirages...
In short...
THE DOW CAN GO UP 10% IN 2007 BUT IF THE DOLLAR IS DOWN 10% ON THE EURO OR ON GOLD...THERE IS NO REAL GAIN...
SADDLY THAT TYPE OF "INFLATION" IS THE ONLY TRICK LEFT FOR WALL STREET AND THEIR SHILLS IN THE FED...
ALL IS VANITY AND ILLUSION...IN THE US TODAY.
