« Ownership Society | Main | TV! »
December 23, 2004
Let the Eagle Soar
That is a graph, over the last three months, of the percentage change of the S&P 500 Broad Market Index and the price of the Euro. Basically, the S&P 500 and the overall market has risen about 8 or 9%. And the value of the dollar compared to the Euro has declined a similar amount. If most of your money is in equities, you're breaking even compared to the rest of the world -- no gain. If not, Europe's been getting a lot wealthier and you've been getting a lot poorer.
It's an interesting chart, and conveniently tells a visual story of something I've been thinking about for quite a while now.
Posted by Chris at December 23, 2004 02:54 PM
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)