catchy_screen_name saidIts temporary- the american dollar is extremely devalued. Just wait for the plunge.. its inevitable.
That's got nothing to do with it. The rise in the markets has to do with the depressed bond market. The bond market is depressed because there's still no demand---or not much---in the economy. Read Krugman, his column today explains it.
Krugman is an evil, manipulative prick who continuously spews lies- Try actually looking into the "facts" he puts out there- they can't be backed up. There are websites that look into his articles when they come out and point out the fallacies in his "facts".
Theres a bond bubble created by the fed. We keep printing money without the gold to back it up and we are keeping interest rates artificially low. Even inflation data has been manipulated to look as though everything is OK- and its not.
I also tend to check the source of my information before I believe it- I wouldn't ask a plumber for medical advice. I certainly wouldn't ask Krugman or a politician for advice on whats really going on. Peter Schiff is an extremely intelligent and competent businessman- talk to the businessmen if you really want to know whats up.
Take a look at the short video below and I encourage you to watch his other videos if you want to know whats really going on. http://www.youtube.com/watch?v=0S-OHyeC-GI