Global Stock Market Performance
Below we highlight the distance below the 52-week highs of 22 major equity market indices. As shown, China is trading the furthest below its 52-week high at -46.2%. China is followed by Japan (-29.4%), Sweden (-28.4%), Hong Kong, India and Switzerland. The US actually ranks in the better half of the group at 15.4% below its 52-week high. Canada, Brazil, Mexico and Canada are trading the closest to their 52-week highs. (We also provide a table of the indices we used for the countries, along with their year to date changes and trailing 12-month P/E ratios.)
The problems with China's economy are such that being out of emerging stock markets is a very good idea. China's leaders have fooled the world's population into thinking they have a huge amount of dollars at their disposal, which is untrue. The trade surplus is being used to a) line the leaders' pockets; b) feed the trillion peasants who earn around $5 per day; c) build the thousands of buildings to house and work the population; d) build a world-leading defence for the upcoming commodities war e) build a space ship to flee to Mars once global warming gets going f) buy all the abortionable records their pop stars release g) invest in lead h) you're still reading this? You are a div.
Toastmeister
Posted by: Toast | April 14, 2008 at 10:24 AM
called it in june 07 for peak of sept and 70% drop. 30% more to go. www.gogerty.com
Posted by: nick gogerty | April 14, 2008 at 05:40 PM
Toastmeister,
How's your view from inside that spaceship so far?
Posted by: wankel | April 15, 2008 at 11:27 PM