European Tribune - Comments - Dow hits new record of 13000, as US & world economies continue to grow

Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, 0 editorial, 0 hidden)

Re: Thanks for making the bullish case (none / 1)

The Dow in euro is what will get people from Europe, it is the only relevant measure for them.

Please explain to me how can this be obfuscating on European Tribune?

I'm curious, thanks!

Over the last ten years (apr1997-apr2007), european buying in STOXX50E got slightly better euro returns than if they invested in NASDAQ (2.0x vs 1.9x). I did not try wider indexes.

by Laurent GUERBY on Sat Apr 28th, 2007 at 06:11:11 AM EST
[ Parent ]

Re: Thanks for making the bullish case (none / 0)

the obfuscation was aimed at valuing one's income and assets in gold and oil. I elaborated on this in a response to Migeru below. So I agree that just as Americans on this site should value in dollars, Europeans should value in euros. I should have made that distinction in my response to Jerome, but was caught up in the idea of valuing in gold or oil, or as Migeru's reference discusses, cans of soup and pasta.

by wchurchill on Sat Apr 28th, 2007 at 12:49:37 PM EST
[ Parent ]

Dow hits new record of 13000, as US & world economies continue to grow | 130 comments (130 topical, 0 editorial, 0 hidden)

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