- down 53%,
- then up 56% on "US Fed QE stimulus" (still down 27% overall from 2007),
- then a current leg down of 16% (down 39% overall from 2007).
Wednesday, 10 August 2011
Running Up The Down Escalator
Bear Market Rallies
Between Sep 2008 and March 2009, the ASX had 5 x 400pt+ multiday rallies.
In fact 4 days after Lehmann Bros collapsed the market added 500pts in a couple of days.
Overall? The ASX dumped 2000 pts in 6 months around those rallies.
Best illustrated by the Nikkei which has dumped 75% over 22 years.
Hows your High Growth Super looking? (I'm the guy in orange on the vid ;)
If the ASX followed the above pattern it will be 1700 in 2029 (cue shrieking and self harm).
Its a high volatility bear market.
The algo trading platforms (75% of NYSE volume) and the swing and trend traders will make a killing.
The equity oriented superannuant IS the kill.
ASX since 2007:
See the Big Picture Trend?