Rising Stock Markets Don't Always Translate Into Currency Adjusted Profits

The proper description would be Wall Street jumps on optimism that quantitative easing will continue unabated until the wheels fall off. That verison is not as user friendly, so as George Gershwin once wrote,

You like "po-tay-to" and I like "po-tah-to",
You like "to-may-to" and I like "to-mah-to";
Po-tay-to, po-tah-to, to-may-to, to-mah-to!
Let's call the whole thing off!

Most investors have yet to realize that rising stock markets don't always translate into currency adjusted profits. And, so continues the real-time lesson in currency devaluation.

U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to Gold Ratio


Headline: Wall Street jumps on optimism before jobs data

Stocks rallied on Thursday as oil prices slipped and better-than-expected economic data raised expectations of a strong employment report on Friday.

With oil prices pausing from their recent climb, investors focused on the U.S. economy, which has shown steady improvement in reports this week. Many believe the Labor Department's report could be a turning point for the recovery.

"The expectations are high," said Bill Strazzullo, partner and chief investment strategist at Bell Curve Trading in Boston. "I don't think anybody wants to be short going into tomorrow's payrolls number."

Source: finance.yahoo.com