Gruss Gott wrote: > The dollar drop may precede a large "correction". If that happens > you'll see a big loss in the major indexes.
Why will you see a drop in major indexes? I argue that you will see a rise in major indexes as the gradual weaking of the US dollar is an advantage of multi-nationals. US products become cheaper overseas, and thus become more competive. Also the money that a company makes in EURs will be converted into US dollars for tax purposes. They get the nice bounce in earnings there. > In a nut shell, sure, you could buy a index fund and make 8% this > year. But if the correction takes 30% the year after, you're > underwater. > What correction? Correction of the dollar? -- 2004 - The year $184M couldn't buy a pennant. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:134994 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
