BigNick
Thinks s/he gets paid by the post
I update "the spreadsheet" (you know the one I mean) twice-weekly. Last time was Tuesday, August 2. You know, the day when we all breathed a sigh of relief because Congress had decided not plunge the markets and the entire financial system into turmoil.
So I just did my Saturday update. It was kind of like peeking out from under the blankets to see if the baddies have gone, but I took a deep breath...
Actually, it wasn't too bad. The CAC40 (headline French stock index) is off 15% from ten days ago, and with 50% in stocks, I'm down 3.6% in Euros (6% in US$) over the same period. Not fun, but not cat food time yet. I guess that I'm getting some benefit out of my international diversification, which has been a one-way downward bet over the last year as the US$ has dropped.
So I just did my Saturday update. It was kind of like peeking out from under the blankets to see if the baddies have gone, but I took a deep breath...
Actually, it wasn't too bad. The CAC40 (headline French stock index) is off 15% from ten days ago, and with 50% in stocks, I'm down 3.6% in Euros (6% in US$) over the same period. Not fun, but not cat food time yet. I guess that I'm getting some benefit out of my international diversification, which has been a one-way downward bet over the last year as the US$ has dropped.