What a year! On the hindsight, it is not toooo hard to figure it...

What a year! On the hindsight, it is not toooo hard to figure it out. It is a 2004 replay. I mean the US market.

The difference is this time our market under perform the US market by a big margin, while in 2004, the other way around.

Here is some comparable numbers:
Country/All time High/Last Close/% Gain to All time High
Canada/15073/13394/12.5%
UK/6930/6009/15%
SP500/1565/1256/25%
SP200/6851/4773/43%

Either our market was too over-valued or we have trouble ahead.

Well, since the 2003-2004 periods working fine for 2009-2010, there is no reason not to look at what happened to 2005.

It is a 2005 replay, we are still in a trading range, with higher band.

Good luck everyone.