swings and round abouts ...
heres the SPX to AORDS(XAO) ratio for comparison.
UP = we are stronger, DOWN = US is stronger
SPX to XAO ratio - daily
A straight line is a pipe dream ... we will never be equals. That's also why floating currencies were invented.
Someone might like to do some analysis on the meaning of this ratio ... but my equity returns come from trends within XAO, not the SPX.
rgds,
pw
theoretically thursday, page-33
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |