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This volume surveys nine of the world's stock markets. First, the commonly known stock indexes are shown in local currency, converted to US$ and with the relative strength line (US$ index versus the S&P 500) on a comparable log scale chart. This allows you to quickly determine how the market looks to an investor in its home country and to a US investor. The relative strength line quickly tells you whether the market is outperforming the S&P 500.
Australia All-Ordinaries, daily, 1980
Canada TSE 300, daily, 1976
France CAC 40, daily, 1989
Germany Commerzbank, daily, 1962
Hong Kong Hang Seng, daily, 1982
Japan Nikkei, daily, 1966
Mexico IPC, daily, 1987
Singapore Straits Times, daily, 1975
United Kingdom FTSE 100, daily, 1984
These nine are all portrait, comparable log scale charts.
|The top line shows the
Commerzbank Index (in German Marks), as it looks to a
The middle line shows the Commerzbank Index (in US$) as it looks to a US investor.
The bottom line shows the Commerzbank Index (US$) divided by the S&P 500. This relative strength line tells an investor (in any currency) which market is doing better.
Incidentally, the DAX is a total-return (minus taxes) index. That's why we've used the Commerzbank Index here.
This is a
The real charts look much better than these thumbnails.
These three charts compare the Global Financial Data Long-Term Stock Indexes of the same nine countries. These indexes are all denominated in US dollars.
Resource based (Mexico, Canada & Australia), 1901
European (France, United Kingdom & Germany), 1900
Pacific (Hong Kong, Singapore & Japan), 1914