The past is prelude. The feds are working hard to make the dollar worth even less in the future. Given the Fed’s current enthusiasm for debasing it, in a few years, the dollar may have no value left.
The stock market indices closed the week with another gain, but had a strong afternoon sell-off and gave back a big chunk of the gains on late Friday afternoon profit-taking.
The stock market indices had a mixed day today and were kind of diverging at the close with the NDX moving up into the high end of the range and the S&P 500 moving down toward the low end of the range.
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