A huge disconnect developed between SP500 index and the dollar since December
2009, when this was posted. Be careful out there. The tentative
level for SP500 at which USD reconnects with it is 775.
Below is a chart of 10-year interest rates (TNX) vs SP500. As you can see, the
disconnect developed as a result of October 2008 crash. The two later re-connected.
Shortly after October 2008 crash there was a major opportunity to be long T-bonds.
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