Home Bittersweet Home: U.S. Stocks Aren’t Worst
November 29th, 2008
Though it is the worst year in decades for U.S. stocks, American investors would have been better off keeping their money at home rather than plowing it overseas.
The Dow Jones Industrial Average is down 33% this year, even after gaining 9.7% for the just-ended week. But many benchmark indexes from Germany to China have fared worse. Germany’s DAX index has slumped 42% in 2008, and China’s Shanghai Composite is off 64%. For U.S. investors, a strengthening dollar has further magnified many overseas losses.
So perhaps US investors have something to smile about after all ! Read the full story from The Wall Street Journal.