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Money Supply and Stock Markets: A Semi-Scientific Approach :)))

FRED:WM2NS   M2 Money Stock
Although one should prefer "panel data analysis and more data" to estimate the relationship with these variables, Based on the 30 day data, we can say that there is a significant positive relationship among the money supply and these there stock market indexes.
So according to results we can expect that as long as money supply continues, altough these three indexes retrace at one point, could probably go even higher.
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