GLOBAL EQUITY MARKET

Antes de escribir mi opinión de lo que pasa en US, y lo que está por venir (espero ponerme las pilas este fin de semana), me pareció interesante compartir este cuadro que salió en The Bespoke Investment.

This quick bubble chart that gives some perspective on global equity market returns in recent years. The x-axis represents each country's equity market performance during the global bull market that ran from March 2002 to July 2007. The y-axis represents each country's equity market performance since the market peaked last July. The size of each bubble represents each country's current market cap as a percentage of global market cap.

As shown, Brazil, Russia and India saw the biggest gains during the bull market. Surprisingly, Germany went up the 4th most out of the 14 countries we analyzed, while China ranked 6th. Remember, China didn't really start rallying sharply until 2005. At the very bottom of the bull market barrel is the UK and the US. The US went up the least at 93%.

Since the market peaked, Brazil, Russia and India have once again done the best. Along with China, these countries have actually all gained since most countries peaked last July. BRIC is strong as bricks. On the downside, Japan has fallen the most at -32.88%, followed by France, Italy, Switzerland and Germany.

Otra manera de verlo, es cuanto vienen devolviendo del bull market, los mercados, desde que alcanzaron su máximo. A modo de ejemplo, US de un 100% que subió solo corrigió un 15%. Fibonacci diría que falta bastante para corregir si estamos en un bear market de acciones, sobre lo que creo que hay coincidencia generalizada.