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To: tyc:> who wrote (19666)9/8/2003 11:44:24 AM
From: Andrew  Read Replies (2) | Respond to of 39344
 
Yes this is true that costs are higher for Canadian business now. A high Dollar not good for Canadian exporters.

My point though is that the USD$ looks to continue down so why hold USD$ denominated securities?

66.6 PE, lol. Still beats most of the Nasdaq 100 : )

US industry is the best in the world. This doesn't mean that it should be valued as richly as it is. I am a believer that history repeats and thus stocks will be shunned before the Bear is over and PE's will eventually reach their historic lows.



To: tyc:> who wrote (19666)9/8/2003 1:42:39 PM
From: LLCF  Read Replies (2) | Respond to of 39344
 
<Global villiage>

But his point is that 'industry' south of the boarder started out as much more expensive. Sure, I suppose you would 'tend' to shift back at some point... but on a long term chart, view, one could easily argue that one would STILL be sending money north, just at a slower rate, or %, or whatever.

As far as comparing cash, that is a different story of course, and shouldn't one include the 'propensity to print' in the calculation as well as rates... aren't both pointing to buying $CD over $US?

DAK