By Nicholas Santiago on September 29th, 2010 3:07pm Eastern Time
I have been writing about the U.S. Dollar Index for ages now. Nearly everyday I point out the inverse relationship between the U.S. Dollar Index and the major stock market indexes. The current stock market reminds us of 2009 when the U.S. Dollar Index fell off a cliff and reached a low of $74.26 in late November 2009. Just realize that the U.S. Dollar Index has declined by more than 10.0 percent since June 7th, 2010. Think about about the residents of the United States losing 10 percent of there dollar wealth. It seems that the central banks are hell bet on destroying the U.S. Dollar Index. Yesterday and today are the first time I have seen CNBC actually report the weakness in the U.S. Dollar Index and explain how it trades inversely to the major stock market averages. All I can say is I am not surprised as to how late they are to the game but it sure is about time.