with US MARKETS recovering to their post GFC highs Marcus Padly on ABC Radio yesterday stated something like:
The Dow Jones and S&P 500 are now at their post GFC highs. The ASX 200 is 15.2% from the high post GFC (5025) and would have to rise another 60% to get to its 2007 high. By contrast the US markets are just 9.1% and 14.9% from their 2007 highs. The Japanese market fell 82% from its 1989 high and would have to rally 300% to get back there.
% from post GFC high:
DJIA 0%
S&P500 +0.1%
FTSE -2.9%
Germany -9.4%
France -17.2%
ASX200 -15.2%
China -29.5%
Japan -14.8%
Falls from high:
DJIA -54.4%
S&P500 -57.7%
FTSE -48.8%
France -60.0%
ASX200 -54.5%
China -72.8%
Japan -82.0%
Might help some put things into "perspective".
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with US MARKETS recovering to their post GFC highs Marcus Padly...
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