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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (42836)12/9/2003 5:26:50 PM
From: macavity  Read Replies (1) of 74559
 
Hasn't dropped that much.
Against what currency?

Interesting point.
$INDU and $SPX up 20% ytd.
EUR has appreciated by 20%.

In Euros the US Stock Market has not moved.

Shorting stocks is not adviseable until we possibly get a dollar reversal.
Remember when the Argentines removed their peg their stock market hit all-time highs.

J6P is being deceived by this rally.
Nominal gain in assets, loss in purchasing power.

-macavity
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