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Old 01-01-2005, 07:25 PM
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KirkVining KirkVining is offline
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Join Date: Apr 2004
Posts: 5,303
Quote:
Originally Posted by 420SEL
For those who are interested the Dow actually lost 4.25% in 2004 when measured in Canadian dollars (dividends not calculated). The Canadian Market was up 21% in '04 when measured in US Dollars.
Love my Canadian stock. If you had bet against whatever the Bush economic team was selling last year, you won.

I am not one much for market prognostication, but I have done well the past year by being a bear. My personal feeling is the US market will show some recovery in the 1st Quarter bringing suckers back to the market, but then the fall in the value of the dollar will catch up with the market in the form of rising interest rates, choking off the recovery. This will also cause the deficit to rise as government receipts begin to fall due to this slowdown. Economies that are operating at a surplus, China and the EU, will begin to attract more and more equity investment away from the US. Results: Market stalls, 10,000 for another year.
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