The Mystery Fuel That Drives the Market Higher

WEALTH DAILY, 11/19/2009 "U.S. Dollar Carry Trade: When Bad News is Good News" by Steve Christ [Advertisement but worth reading] - For the logically inclined, the action in the stock markets these days must be a riddle, wrapped in a mystery, inside an enigma. ∴ That's how backwards things must appear as the unemployment rate goes higher and the markets jump right along with it. It makes no logical sense. ∴ In fact if you compared the rise in the unemployment rate with the rise in the DOW. . . you would be hard-pressed to either explain it or believe it. ∴ Yet as Rick Santelli pointed out last week, the correlation between the two is nearly 1:1. Amazingly, even as the unemployment rate hit 10.2% earlier this month, the Dow closed above 10,200. The strange part: the same thing also happened at 8% and 9% unemployment. ∴ And while this seems like nothing more than an odd coincidence. . . you have to admit it is something of a head-scratcher. Mr. Christ explains 'why' at Wealth Daily...