An observation: The Japanese Yen DJI inverse relationship is clear. However, what also seems clear, from recent month charts, is that both the DJI and the Yen are trending upwards. Any one have an answer to this?
I expect the NASDAQ 100 to continue out-performing earnings expectations, through 2008. I also expect select Dow large caps (BA and MSFT for instance) to do quite well - just as I see the consumer getting increasingly pinched, housing falling apart, and the credit crisis continuing.
What's your outlook on this?
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