Subject: Re: Market high
Jim,

Getting back to your concept of the "North Atlantic" currency, as well as evaluating the US Dollar Index, let's ignore the numerical rise in the stock market in terms of USD and reevaluate its trend in terms of relative to a "global wealth index". The US Dollar Index started 2025 at about 110 and is currently at 97 - meaning that, evaluated in terms of USD the value of our assets has evaporated to the tune of 12% in six months.

While the equity market is largely a psychological beast, what is the literal change in the market's trajectory taking the loss of the participants' wealth? (And does that impact the 99-day rule)?

Jeff