On Sun, Sep 18, 2011 at 5:00 AM, Arttu V. <[email protected]> wrote: > On 9/17/11, Mark Knecht <[email protected]> wrote: >> On 9/11/2011 the S&P 500 was within about .1% of where >> it was on 9/10/2001. The 'Lost Decade'... > > You lucky and prosperous bastards! Take a look at some major European > indexes over the same time span. DAX for example. :D > > -- > Arttu V. > >
Probably need to factor the decline of the dollar vs the Euro into that analysis. For folks living inside the Euro fishbowl, their indexes have been weak because worldwide the economy is weak, but their ability to buy dollar based products, such as the U.S. markets, has become strong because the Euro has been relatively strong compared to the dollar. For folks living inside the dollar fishbowl our indexes have remained strong at least partially because people from other countries are buying our shares. However our ability to buy from other countries has dropped due to the weakness of the dollar. May we live in interesting times.... - Mark
