Many pundits here think that what happens in China is more important to Australia than what happens in the US.
All Ords v Shanghai Composite (April 2011)
5,000 v 3,000
All Ords v Shanghai Composite (today)
4,275 v 2,350
All Ords down about 15%. Shanghai Comp down about 22%. So relative to China's main stock index we're performing well. Like any market, it's all relative.
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