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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (40175)10/26/2003 11:35:27 AM
From: James F. Hopkins  Read Replies (1) of 74559
 
Haim; I looked some more at what the falling dollar indicates..
Americans see the S&P 100 up about 28.37% from 03/11/03
However if you are a foreigner and diversified you see the ^N225 up 31.4% from the same date
and the S&P 100 only up 17.77%.. .the FTSE up 22.77% and the
Euro 50 ( ^STOXX50 ) up 28.4%..

The concern coming from the UK may have merit, investors there have been
more diversified on a percentage basis for years. They just seem to be more
comfortable with investing outside their own country more than most
other countries do.
----
Perhaps looking at a few well traded webs would clear this up as the
changes in currency is priced into the webs.
finance.yahoo.com^oex&t=6m&l=off&z=m&q=l&p=e50,e20&a=vm,fs,vm,r5&c=ewj,ewu,ewg,ewc
The fear must come mostly from the ewj ( japan ) dropping fast even with the yen on the rise..
the EWG is also dropping relatively fast with the Euro on the rise..
Clearly the OEX must look like a bargain to them, but it's not really
going up..so where is the Money going ?
---
At any rate the above chart shows the U.S. bringing up the rear
and due to the falling dollar it's just about stagnated..
Take off 10.6% of the gain on the OEX from March 11..
Jim
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