Edited by Islander, 24 September 2007 - 08:33 AM.
Is the SPX up YTD?
Started by
Islander
, Sep 24 2007 08:32 AM
2 replies to this topic
#1
Islander
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Posted 24 September 2007 - 08:32 AM
Just when you thought you were winning!!
Jack Ablin notes that "growth in the S&P 500, up almost 8% in dollars year-to-date, dwindles to 1% when denominated in euros. If the dollar falls further, U.S. markets become much less compelling for overseas investors."
Who are we fooling? Best, Islander
#2
arbman
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Posted 24 September 2007 - 09:57 AM
Who are we fooling? Best, Islander
The shorts!
#3
Sentient Being
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Posted 24 September 2007 - 10:27 AM
Good point. And when the bottom comes in for the dollar, it swings the other way and the dollar is rising, these same gains will look like a great deal to have gotten when we did.
What goes around, comes around.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
