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Something funny happened on the road to Dow Jones 13,000 - the car ran out of gas

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 22 Feb 12 1:53 AM | 52 view(s)
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and the driver noticed what the latest and (literally) greatest price of unleaded is...

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and perhaps in even clearer language...

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Despite all the appearance of wealth creation in the US equity markets, the S&P buys 10% fewer gallons of gas for your car than its average since the MAR09 lows (and 20% fewer than its pre-QE1 peak) with the last few weeks of action also removing almost 10% of purchasing power even as stocks soared...

Charts: Bloomberg

(h/t Omid Malekan)

http://www.zerohedge.com/news/presenting-biggest-tradeoff-surging-stock-market




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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