Wednesday, June 29, 2016

Global Markets Going Nowhere

Thanks to Sarhan Capital for pointing this out, off the lows of the other day here is how far some markets are off their highs and the levels they are trading at:

 
The S&P was down 6.7% from highs and was trading where it was in Sept 2014.
The Dow...down 7.5% and Sept 2014.
Nasdaq...down 12.6% and Sept 2014.
Nasdaq 100...down 11.8% and Nov 2014.
Transports...down 24.5% and Nov 2013.
Russell 2000...down 16.2% and Oct 2013.
NYSE...down 11.9% and July 07...no...not kidding.
XLF (Financial SPDR)...down 43% and trading where it was in 1999. Yes...financials and yes 1999! 
 
 
How about foreign markets?
 
German Dax...down 25.6% and Jan 2014.
FTSE...down 18.7% and March 98...again...not kidding. We were surprised about this.
Shanghai...down a whopping 54%...and Feb 07.
Nikkei...down an unreal 61.8%/all time high in 1989 at 38,957. How's that money printing working for you?
Hang Seng...38.5% and Jan 07