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In 2008 it was obvious that a global devaluation of

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Unformatted text preview: would have to consider. A weaker currency would serve to make exports look more attractive and, in the case of tourism-based economies, it would make for a more attractive vacation destination. As such, those countries viewed as the weakest in Europe—Portugal, Italy, Ireland, FINANCIAL MARKETS:STOCKS FInAnCIAL MARKETS: STOCKS 2002-2011 2002–2011 YTD yTD (Year-End Close) (year-End Close) Value Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011a Dow S&P 500 Jones 879.8 8,341.6 1,111.9 10,453.9 1,211.9 10,783.0 1,248.3 10,717.5 1,418.3 12,463.2 1,468.4 13,264.8 903.3 8,776.4 1,115.1 10,428.1 1,257.6 11,577.5 1,257.8 12,096.2 Bloomberg NASDAQ Colorado Index S&P 500 1,335.5 167.2 100.0 2,003.4 237.0 126.4 2,175.4 278.9 137.7 2,205.3 326.0 141.9 2,415.3 382.5 161.2 2,652.3 450.2 166.9 1,577.0 220.5 102.7 2,269.2 310.3 126.7 2,652.9 468.4 142.9 2,686.2 452.8 143.0 Index (2002=100) Dow Index of Bloomberg Jones NASDAQ Colorado 100.0 100.0 100.0 125.3 150.0 141.7 129.3 162.9 166.8 128.5 165.1 195.0 149.4 180.9 228.8 159.0 198.6 269.3 10...
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