There`s no doubt that stocks prices are rising, but that`s an inflation illusion created by the Fed. Its not that stocks are gaining value, but the money that is measuring them is (the dollar) is losing value.
The dollar index has now dropped by 11 percent in the last 3 months. I think its going to fall a lot more between now and the end of the year.
Related ETFs: PowerShares DB US Dollar Index Bearish (NYSE:UDN), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), ProShares UltraShort QQQ (ETF) (NYSE:QID)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.