Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Monday, January 20, 2014

The All Ordinaries Index longer term

When you're in the middle of a soggy market it's easy to forget the longer term performance.

Once again, on a log scale, so a percentage move at 2000 is the same distance on the chart as a percentage move at 5000, even though the number of "points" is not the same.  Also, as per usual,  click to get a bigger chart.

In 2007, the market went "too far" above its longer term trend, and therefore had to fall "too far" in 2008/2009

Yet the long term trend is clearly up.

No comments:

Post a Comment