Subject: Re: FKA: DG
The US market is very much NOT hitting new highs at the moment--an index fund position would buy you less general purpose "stuff" than it did a few months ago. Global purchasing power of the S&P in tradeable goods and services (pretty much everything these days) peaked in late January or early February and is down around 10.4% since then.

This is only a problem if you are selling AND

1) You want to make a purchase in a different currency
or
2) It starts to impact inflation on imported goods

For most people, the currency fluctuations are just noise; and likely in the "too hard" bucket to properly mitigate.

tecmo
...