I thought China was a leading indicator?
The shanghai composite bottomed and started to rally in November 2008 while the DOW bottomed in March 2009. The shanghai composite also topped and then corrected in july/august 09 whereas the DOW started a serious correction around April 09. They have since parted ways however as the shanghai composite has flattened out and can't reach new highs while the DOW has broken out. QE2's artificial presence on the market may be a reason for this rapid advance. Just my 2 cents anyway master voltaire.
thursday trading, page-42
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Last
8,057.9 |
Change
58.600(0.73%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,999.3 | 8,083.7 | 7,999.3 |
| XJO (ASX) Chart |