FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007: "Anytime that it looks like everything is going up, stocks, bonds, real estate, commodities, and virtually every kind of investment there is, you have to stop and ask yourself, 'why?' The only reason the Dow looks like it is going up is because the Fed has pumped so many more dollars into the currency supply, that all asset classes are rising.
Under these conditions, the only way to see where true value lies is to eliminate the dollar from the equation… you have to measure each asset class, not with the dollar, but against another asset class."
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