Some companies have a policy of currency hedging, and you have to factor that into the picture.
More Quotes from Brett Gallagher:
It's always been the case of something you suspect but have never been able to prove. Earnings seem improbably smooth when you look at the businesses of the company.Brett Gallagher
Everyone has talked about employment being the missing link in the recovery, but as the weekly jobless claims have made clear for some time, employment is moving in the right direction, it's just moving very slowly. At whatever point a substantial recovery in jobs really takes hold, that's probably going to be a difficult time for the stock market.
Brett Gallagher
The Fed decision was basically right on top of expectations. Even the tone of their comments was balanced, as it should be. I don't think there were any surprises.
Brett Gallagher
Demand will keep energy tight. Any pullback I view as an opportunity to add to positions.
Brett Gallagher
I think it's extremely important for U.S. investors to get this idea. It's slowly becoming more mainstream. As the world has become more global, it's more important to get best-in-class, and the only way you'll do that is to compare companies globally.
Brett Gallagher
We're going to have to see better news and slow steady incremental gains over a prolonged period of time in order to build the market.
Brett Gallagher
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