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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (23653)	12/21/2004 11:02:32 AM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Here is a good term: "dramatic desperation discounting" Now where is all that pricing power? I think it is only on "bully goods" and "bare necessities". Mish

To: russwinter who wrote (23653)	12/21/2004 11:04:01 AM
From: ild	Respond to of 110194

Shift to Foreign Stocks Sapping the Dollar A weaker greenback is exactly what many U.S. investors are betting on. As it slides, the value of overseas funds rises. By Tom Petruno, Times Staff Writer Already depressed by the nation's huge budget and trade deficits, the U.S. dollar is being undermined by American mutual fund investors: More of them are funneling money into foreign stock funds, a shift that hurts the greenback. Thanks in large part to the dollar's weakness, returns on foreign shares overall have significantly outpaced U.S. market returns since 2002. Foreign stock mutual funds have gained 12% a year, on average, over the last three years, compared with a 4.9% average annual gain for domestic stock funds, according to Morningstar Inc. That performance edge is proving a big draw for American investors this year. Net U.S. cash inflows to stock funds that invest overseas soared to a record $79.7 billion in the first 10 months, compared with $47.6 billion for all of 2003, according to estimates from fund tracker Financial Research Corp. in Boston. more... latimes.com