S&P500 in Yen and Euros

Thursday, February 22, 2007 | 08:45 AM

As the attached graph illustrates, the S&P 500 has recently hit a new all-time high in Japanese yen terms (surpassing its July 1999 peak), while the index remains more than a 1/3 below its September 2000 high in euro terms.

click for larger graph


chart courtesy of Mike Panzner


Aside from any other reasons, perhaps it is Japanese investors who have been lending a helping hand to U.S. equity prices?

Perhaps the relative growth and inflation rates help to explain the difference


Chart courtesy WSJ

See also this interesting comparo from the online WSJ about Europe, Japan, and the US.

Thursday, February 22, 2007 | 08:45 AM | Permalink | Comments (16) | TrackBack (0)
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Hmm. Looks like a four-year bull market in all three currencies!

Also looks like August of 2006 was a great buying opportunity in all three currencies!

Posted by: Bill a.k.a. NO DooDahs! | Feb 22, 2007 9:30:59 AM

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