[davisfh]

I believe that the market is at this all-time high because our currency has been so devalued.

[Publius]

You are correct, sir.

If you graph the DJIA against the price of gold, which is real money, the Dow peaked in 2000 with the Tech Bubble, then crashed, and has never recovered. It has simply treaded water for 13 years.

[kingu]

Yep, reckon you're right that it is an inflationary prop that is holding up the stock market. Least that's been my belief, and it appears this chart supports the theory.

[9YearLurker]

That plus that with the Fed keeping interest rates artificially low, what would regularly be money in bonds has been stashed into equities.

[LostInBayport]

I believe that the market is at this all-time high because our currency has been so devalued.

I've wondered about that. I don't consider myself to be very knowledgeable in economics, but if inflation is in the grocery store and at the gas pump, wouldn't it be in the stock market too? It is not that each and every company is worth more, but it takes more dollars to by the same share because the dollar has been so abused. Or something like that.

[steve86]

I believe that the market is at this all-time high because our currency has been so devalued.

Devalued with respect to what? Dollar's been strong recently with respect to other currencies -- what, up 20% to yen? Up a few percent to Euro as well.

Now, if the comparison is food, gasoline, other essentials, even precious metals, and stocks, I agree. Takes far more dollars to buy a hundred Dow index shares now than four years ago.