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1.Market Observations, 2.share trading, 8.Was Sticky

17 May 2017 (AFR) – US, Asian and European bourses hit record highs but ASX lags behind

[COMMENT / LESSON: Some interesting observations from this article are that we should always look to the bigger picture – much bigger – before drawing conclusions. The figures and charts quoted here since 2007 will look very different over different time periods. ALSO, regarding accumulation indexes – that some of the world’s indexes are actually accumulation indexes, while the standard Aussie indexes are not, so we should be careful about direct comparisons of a regular Australian index to other indexes from around the world.]

Comparative performance of key indexes(17 May 2017, AFR, p27, by Myriam Robin)

‘The S&P/ASX 200 remains a long way off the all-time high it hit before the global financial crises while many of the world’s leading equity indexes are soaring to records. The S&P500 overnight closed above 2400 points for the first time. Meanwhile the tech-focused Nasdaq has set a new record in six of the past ten trading sessions. Both benchmark US indexes took only four years to leave the GFC behind.’ <snipped…>

‘ “The Australian sharemarket was an outstanding performer in the the decade before last off the back of the mining boom, whereas US and European shares had, by their 2007 high point, had just recovered from the tech boom. “So, our market had gone to a higher high, and so has found it hard to get back to those levels.” ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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