As all of you will be aware that the equity market performance in 2009 is way better than what we saw in 2008. The markets around the world are up more than 50% and the Emerging Markets have outperformed the Developed Markets.
Below is one graph, in which I have tried to compare some of the Indexes. Please note that I have re-based the index to 100, in addition please note that the time period covered is from 1st December 2008 till 12th October 2009. The reason for choosing this period is because I wanted to compare the performances before and after the worst crash of March 2009. Most of the markets had a fee fall and witnessed level never seen before.
The recovery has left most of the investors shocked as the markets are back again at high levels - trading at high multiples. (Check out the blog tomorrow to find out more on the topic, "Is the Stock Market Cheap?")
To make life easy I'll elaborate the index names according to the performance:
SENSEX - Bombay Stock Exchange (India) - Black Line
IBOV - Bovespa Stock Index (Brazil) -Pink Line
MXEF - MSCI Emerging Market Index - Aqua
SHCOMP - Shanghai Composite Index (China) -Red Line
MXWO - MSCI World Index - Sky Blue Line
SPX - Standard & Poor 500 (U.S) - Brown Line
Below is one graph, in which I have tried to compare some of the Indexes. Please note that I have re-based the index to 100, in addition please note that the time period covered is from 1st December 2008 till 12th October 2009. The reason for choosing this period is because I wanted to compare the performances before and after the worst crash of March 2009. Most of the markets had a fee fall and witnessed level never seen before.
The recovery has left most of the investors shocked as the markets are back again at high levels - trading at high multiples. (Check out the blog tomorrow to find out more on the topic, "Is the Stock Market Cheap?")
To make life easy I'll elaborate the index names according to the performance:
SENSEX - Bombay Stock Exchange (India) - Black Line
IBOV - Bovespa Stock Index (Brazil) -Pink Line
MXEF - MSCI Emerging Market Index - Aqua
SHCOMP - Shanghai Composite Index (China) -Red Line
MXWO - MSCI World Index - Sky Blue Line
SPX - Standard & Poor 500 (U.S) - Brown Line
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