Comparison Charts on the way to March 09 lows
Quick recap of the Q3 performance. As we see it was a very bad quarter with much damage done to all indices. Let’s see what Index will be the first to revisit those March 09 lows, China, Nikkei or why not the CAC? By DShort;
The 3rd quarter saw wretched performances in all of the world markets in this series. The best quarterly performer, the Nikkei 225, lost 10.3% of its value, followed by the SENSEX, which was down 11%. At the other extreme the DAX, CAC 40 and Hang Seng all lost about 25% of their value. The middle ground was occupied by the Shanghai, FTSE and S&P 500, which lost 14%, 14.4% and 15.9% respectively. Let’s hope next month sees some improvement. Certainly a bounce is due. But the ongoing stresses in Euro land, the nasty bear market in China, and ECRI recession call in the U.S. suggest a cautious outlook.