Fed Money Printing vs S&P 500

March 18, 2010

The graph speaks for itself. But in case it’s not clear, the graph compares the “Monetary Base” which is the narrowest definition of money supply vs the S&P 500 weekly closes since 1/1/09. The conclusion drawn is that the “recovery”, at least as it is defined by the stock market, is 83% a function of the PRINTING PRESS!

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