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A comment on Show HN: M1 Chart – The stock market adjusted for the US-dollar money supply. Parent comment

Re:Show HN: M1 Chart – The stock market adjusted for the US-... by zeckalpha on Saturday February 13, 2021 @08:20PM (#26128781)
Instead of M1, would this make more sense as a currency adjusted chart, with USD against a basket of non-USD currencies (or gold)?
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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by nabla9 on Saturday February 13, 2021 @08:39PM (#26128895)
No. The whole premise is flawed. Nominal prices don't determine market valuations.

Economy is a process. Companies are priced against their future cash flows. If you want to get some idea of what is going on, use ratios like CAPE or market cap to GDP.

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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by georgeplusplus on Sunday February 14, 2021 @12:23AM (#26129920)
You may be eluding to it but for others that don’t know, There is an index chart that measures the USD against a basket of non USD currency called DXY.
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