Theory of Relativity and Stock Markets
Monday, March 15th, 2010
Richard Shaw (QVM Group) submits:
Are we up or are we down? Shouldn’t that be a straight forward question? It depends.
In this case, it depends on your currency base. If you are a UK investor, for example, your home market over the last three months is either up 3.81% or down 2.43%. You are up if you measure direction in sterling, but you are down if you measure direction in dollars.
