Monday
Mar152010
China Zigs While US Zags
Monday, March 15, 2010 at 03:24PM The S&P 500 is up 2.70% year to date, but China's Shanghai Composite is down 9.16%. As shown in the chart below, the Shanghai Composite made its bull market high back in August 2009. The index is currently 14% below that level, while the S&P 500 just made a new bull market closing high last week. The two indices have really diverged in recent weeks. US stocks have come roaring back from their lows on February 8th, but China has pretty much been dead money.
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Reader Comments (2)
Maybe the Chinese are better investors?? Or maybe the American Market is being minipulated therefore more sideline investors can loose there money.
Would you invest In a rigged market like Wall Street???? No... I didn't think so.
Your article should focus as to why the market has increased when all the numbers and stats that point to destruction....That's right...if the truth were told....we wouldn't have any market.
Look up "wall of worry" in the dictionary and they highlight Claude as an example. You just don't get why the market is going up when all of your numbers and stats point to destrcuction, huh? On the other side of the trade is someone whose own numbers and stats point to expansion. Maybe the person on the other side of the trade doesn't lack proper spelling and grammar skills either.