Dew;
Haven't seen much yet in regards to ASCO.
In regards to the markets. 1% (pretty much all of the Dow and Nasdaq's) gains today were simply because the USD lost about 1% of it's value.
Like someone told me a while ago if I believed if the Dow can hit 20,000. I said hell ya...only if the USD loses an additional 50% of it's value. In the past 10-15 years, the markets have barely moved relative to currency. I've seen my loses and gains offset by currency adjustments plenty of years.
One has to really focus gains earned versus the globe (currency as a key variable). In Europe, I gained about 15% on a property in 2.5 years. A European sees it as a good gain. I saw it as an average gain due to todays currency exchange versus the Canadian dollar (a gain of 12%).
The best way to see stocks skyrocket is to lower business taxes, devaluate the US dollar. That will give America a trade surplus, enough to chop the debt. More jobs would be created as lower business taxes would bring more global co's to do business in the US. More jobs, more income, more gov't tax receipts, more chopping debt etc and the dollar will rebound beautifully. When the dollar rebounds to todays (or even 2005 levels), American will be a diamond once again and without the current debt levels.
Canada went on this route successfully until the US housing market collapsed and forced $50B stimilus money (debt) into the domestic economy. The only reason why Canada had to implement stimulus (artificial boost to the economy aka gov't debt money), is because 75% of Canada's trade is with the US. That number use to hover around 85%. So, if 75% of the time US sneezes, Canada catches a cold. In the forseeable future, Canada wants to keep diversifying Canada's trade. In another 5-10 years, I can see US-Canada trade at 70% which would make Canada less reliant and less and less as time progresses.
AI
