Dow gains in October

Sat, Nov 1, 2008

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While world stockmarkets have been retreating over the last two months, the US dollar has strengthed. So while US investors in the US stockmarket may be feeling poorer, their relative wealth to the rest of the world has not fared quite as badly. As a comparison I’ve graphed the DOW over the last two months price in Australian dollars (AUD) and Great Britain Pounds (GBP). As you can see priced in Australian dollars the DOW is actually up.

I may do a couple of extra graphs, using different commodities which I’m sure will show that priced in many of these the DOW is significantly up, over the last few months.

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