It is worth remembering that it take 40% more dollars to buy Euro or other currencies than in 2003 - so dollar gains have to be take with a grain of salt.
A 50% stock market gain valued in dollars since 2003 is only about 10% gain in international currencies or 2.5% per year - decent but nothing to get excited about.
Other than cancelling that European vaction, the Euro exchange rate means less than nothing to me.
Good point. But can anyone explain why the Euro has risen so much? I, for one, do not see fundamental economic strength in and around Europe ...
It is worth remembering that it take 40% more dollars to buy Euro or other currencies than in 2003 - so dollar gains have to be take with a grain of salt.
A 50% stock market gain valued in dollars since 2003 is only about 10% gain in international currencies or 2.5% per year - decent but nothing to get excited about.
If you didn’t throw money into the market in the wake of 9/11, I can see how you would temper your enthusiasm.
Thats not my case...(big, Sheet Eatin Grin)