Tuesday, April 8, 2008

Cycles

Europe. Japan. And the U.S. The economies are in different cycles. As are interest rates and company earnings. Yet, since October 31st, they've tracked each other almost exactly.

In Yen terms, they've lost the same amount. In both dollar and euro terms, the difference has been negligible. So much for protecting your stock investments through diversifying in various developed countries.

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