S&P500 in Yen and Euros
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.
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click for larger graph
chart courtesy of Mike Panzner
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Aside from any other reasons, perhaps it is Japanese investors who have been lending a helping hand to U.S. equity prices?
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Perhaps the relative growth and inflation rates help to explain the difference
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See also this interesting comparo from the online WSJ about Europe, Japan, and the US.
Thursday, February 22, 2007 | 08:45 AM | Permalink
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Comments
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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