Nice looking chart from Doug Short
regarding how the major bourses have been trading:
“Here is a new overlay of five world markets since March 9, 2009. The start date is arbitrary: The S&P 500 hit a low on March 9th, the Nikkei 225 on March 10th, the DAX on March 6th, the FTSE on March 3rd, and the Hang Seng 4.4 months earlier on October 27, 2008. However, by aligning on the same day, we get a better sense of the present-day synchronous behavior of the markets than if we align the lows.”
click for larger graphic
Originally published at The Big Picture
and reproduced here with the author’s permission.
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