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On Sun, Sep 18, 2011 at 5:00 AM, Arttu V. <arttuv69@×××××.com> wrote: |
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> On 9/17/11, Mark Knecht <markknecht@×××××.com> wrote: |
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>> On 9/11/2011 the S&P 500 was within about .1% of where |
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>> it was on 9/10/2001. The 'Lost Decade'... |
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> |
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> You lucky and prosperous bastards! Take a look at some major European |
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> indexes over the same time span. DAX for example. :D |
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> |
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> -- |
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> Arttu V. |
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> |
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> |
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Probably need to factor the decline of the dollar vs the Euro into |
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that analysis. |
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For folks living inside the Euro fishbowl, their indexes have been |
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weak because worldwide the economy is weak, but their ability to buy |
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dollar based products, such as the U.S. markets, has become strong |
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because the Euro has been relatively strong compared to the dollar. |
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For folks living inside the dollar fishbowl our indexes have remained |
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strong at least partially because people from other countries are |
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buying our shares. However our ability to buy from other countries has |
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dropped due to the weakness of the dollar. |
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May we live in interesting times.... |
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- Mark |
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