The constant theme on Wall Street that Bernanke must "cut rates" because inflation is low...is just more nonsense from the 24.7 brokerage spin machine...
With stocks at record highs and the dollar at record lows...a rate cut is hardly advisable.
If anything the recent highs on the Dow are really just reflections of the weaker dollar being "priced in" to the asset values of individual companies.... The lower the dollar goes...the more the nominal value of the Dow can be... Eventually we'll all be "Italian Millionaires" like back when Italy had the Lira...in the pre-Euro bad old days.
The hype coming out of Wall Street on a daily basis is almost unbearable now...this is surely not a time to buy stocks for the individual investor...whom the brokerages always expect to buy at record highs...then sell when the inevitable "sucker flush" kicks in...
