Divergence between our market and the rest of world worries me a bit. We are 8% from 12 months high, and 30% from all time high.
If we like resourceful Canada, The Canadian market is within 1% of 12 months high, and 20% off all time high.
If we are doing better than US, Dow is within 2% of 12 months high;
If our economy is best of the world, German market is at 12 months high;
If our fortune is tied up with China, Brazilian market is within 3% of 12 months high, and 3% off all time high!
Looks like foreigners like our dollars, don't like our shares.
Our undervalued market might prove to be a great opportunity to catch up the rest of the world.
Have a great weekend.
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