My Swiss watch hitt an all-time high of $59.816 recently. Last week, it went down to $59.51 – hooray, the dollar got a little more valuable this week! Today, the value in US dollars is 59.7655, so we seem to have reached a trading range. The dollar is no longer falling out of bed for the time being.
Meanwhile, the improvement in the stock market has improved our model portfolio quite nicely. In fact, until Friday’s partial collapse, we had finally achieved a cumulative gain. Here’s how it looked at the end of this week: