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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Dinesh who wrote (74557)	11/11/2007 2:25:54 PM
From: Elroy	Read Replies (1) \| Respond to of 77400

Switching back to indexes for a moment, returns sampled over a long period, and with the investment time horizon set to long term, the downside risk for S&P500 is - close to nil! Yeah, that's true. But I wonder if that would remain true if the index were measured in some basket of currencies rather than in US dollars? I say this because the S&P is basically an index of US corporate performance, and although the index is still up a touch in 2007 the dollar has fallen a lot this year, so, for example, a European that had put 100 euros into the S&P on Jan 1st this year would be losing money (measured in euros), but not losing if only measured in dollars.