all the gains in the market is from decline in the US dollar... the correlation isn't as fine as before...now the US dollar fall AND market falls....usually foreigners are bailing out of the US markets AND the currency., foreign investors and domestic investors selling US stocks and selling the US dollar. the number one competitor to the US dollar is the EURO.... the euro will benefit from and weakness of devaluing ofthe dollar as the euro becomes the world reserve currency or a new world reserve currency is introduced to replace the US dollar.. it's been only recently that in the last 9 years that the US gov't has the policy of a weak currency and devaluing... a strong dollar policy has been the policy since 1945