Dow Jones Indus and S&P 500 in $, € and Gold - Charts

S&P 500 (click on image for better view)

Dow Jones Industrial Average (click on image for better view)

These are the charts of the DJ INDU and the SP500 from the 15th of July 2008 to the 15th of August 2008 (closing prices) in terms of percentage change.

Check how the major US indices perform in terms of USD, EUR and XAU.

The question remains:

• why would markets go up with the news that we are hearing?
• what was/is over-valued: were the Euro and Gold over-valued? Or are the stocks and the USD over-valued?
  

Talk about over-valuation and irrational exuberance?