Re: According to Dow Theory - Bear Market
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Ok then I supposed I should have said such comparisons are useless when you specifically tailor your investment vehicles to those that best reflect your preconceived notion. Better? You do understand that multinational companies based in the USA have outperformed multinationals based in countries with currencies that are appreciating?
Besides there is a near zero probability that 95% of the worlds investors are invested in index funds.
Jimbo
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True, but their combined or average returns are reflected by indices. For some stocks in indices to outperform, others must underperform. For one to say that the US was a good place to invest in the past few years, one must be talking about some sort of average - otherwise the generalization "US" is meaningless.
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