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Stock Market --Dow over 10,000 WAKE UP!!!
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<blockquote data-quote="klein" data-source="post: 624140" data-attributes="member: 23950"><p>Gee, we get differnent news here.</p><p>Which is, the low interesst rates are part of the "problem" (No return on savings, so people rather invest in the market).</p><p> </p><p>2nd) The devaluation of the US dollar.</p><p>Not only americans buy into the Dow and Nasdaq, but the whole world.</p><p>I'm one of them (have weekly deposits going into the nasdaq fund).</p><p>Nasdaq in particular isn't really US.</p><p>It's mostly all tech companies (that are japanese owned, like motorolla, Sony, Samsung, panasonic, etc).</p><p> </p><p>And now, everyone gets more shares for thier homeland currency.</p><p>Problem is $10.000 US is now only worth $10.000 Cdn.</p><p>1 yr ago, it was worth $12.000 cdn.</p><p>Did I gain ? hardly... more like break even.</p><p>So did every other foreigner.</p><p>You got to remember, not just gold and oil goes up, as the US dollar goes down, but so do the stockmarkets.</p><p> </p><p>Here, todays news :</p><p> </p><p>Tue Oct 27, 7:45 AM </p><p>OTTAWA (Reuters) - The high Canadian dollar and the speed with which it is fluctuating are putting pressure on the manufacturing sector, Finance Minister Jim Flaherty said on Monday. </p><p></p><p>The Canadian dollar -- helped in part by weakness in the U.S. dollar -- has climbed steadily for much of the past few months and at one point was up 17.5 percent this year.</p><p></p><p>"There's no question that the higher dollar puts some pressure on the manufacturers in particular. There's also no question that there is continuing downward pressure on the U.S. dollar," Flaherty told the Canadian Broadcasting Corp.</p></blockquote><p></p>
[QUOTE="klein, post: 624140, member: 23950"] Gee, we get differnent news here. Which is, the low interesst rates are part of the "problem" (No return on savings, so people rather invest in the market). 2nd) The devaluation of the US dollar. Not only americans buy into the Dow and Nasdaq, but the whole world. I'm one of them (have weekly deposits going into the nasdaq fund). Nasdaq in particular isn't really US. It's mostly all tech companies (that are japanese owned, like motorolla, Sony, Samsung, panasonic, etc). And now, everyone gets more shares for thier homeland currency. Problem is $10.000 US is now only worth $10.000 Cdn. 1 yr ago, it was worth $12.000 cdn. Did I gain ? hardly... more like break even. So did every other foreigner. You got to remember, not just gold and oil goes up, as the US dollar goes down, but so do the stockmarkets. Here, todays news : Tue Oct 27, 7:45 AM OTTAWA (Reuters) - The high Canadian dollar and the speed with which it is fluctuating are putting pressure on the manufacturing sector, Finance Minister Jim Flaherty said on Monday. The Canadian dollar -- helped in part by weakness in the U.S. dollar -- has climbed steadily for much of the past few months and at one point was up 17.5 percent this year. "There's no question that the higher dollar puts some pressure on the manufacturers in particular. There's also no question that there is continuing downward pressure on the U.S. dollar," Flaherty told the Canadian Broadcasting Corp. [/QUOTE]
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