Chart(s) of the Week: 2003 DJIA, priced in Euros
Performance changes based upon your currency perspective. If you bought the Dow Jones Industrial Average with your Euros on the first day of 2003, you were essentially flat for the year.
The S&P500 was also nearly flat, up a mere 10 points for the year - that’s not 10%, but 10 points, or less than 1%.
The Nasdaq fared better: Priced in Euros, the Nazz was up from 1339 to 1596, a mere 19% gain. While that’s respectable, it is hardly the 50% gainer domestic buyers enjoyed.
Greenspan Gazes Into Mirror, Likes What He Sees
Crash, Bang, Wallop
Avoiding Previous Blunders
How Far Will the Dollar Fall?
Taking the Markets Pulse With the P/E Ratio
Credit crunch coming?
CBO: Long Run Fiscal Condition of the US
Quote of the Day
"The dollar’s weakness is a problem and eventually there’s going to be a big international crisis because people will become worried about debts and the credibility of the dollar’s exchange rate will be undermined.”
-Robert Mundell, Nobel Laureate Economics, Columbia University
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what about Gold, Oil in €
Posted by: Hans Rudolf Suter | Jan 9, 2004 9:55:47 AM
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