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#23
07-27-2007, 08:22 AM
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Re: options (finance)
[ QUOTE ]
[ QUOTE ] The DOW bottomed out in October '02 and has been on the rise ever since, granted. The thing most people forgot to pay attention to is that the dollar has lost over 30% of its value since the high in January '00. Adjusted for actual dollar value right now, we're about 18% off its peak back in '00 which would put us square in bear market territory. [/ QUOTE ] This is such bollox. You are arguing that a market that has trended upwards every year for 5 years was in fact a bear market because of the currency the market trades in? Get out. [/ QUOTE ] no, quite the opposite. he's saying that the fact that it was a bear market was masked by the declining currency the market traded in. whether or not you include the value of the currency in defining a bear or bull market is your choice, but he's not wrong to do so. 
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