Comments on: Chart of the day, global equity market edition

By: TFF

TFF — Fri, 12 Aug 2011 00:50:01 +0000

Wow, 666? A 5% dividend from KO, 6% from PG or JNJ?

I’m salivating… I thought we were in a market environment that promised *LOW* returns, not record-breaking dividend yields!

This isn’t 2001, or even 2008. Most of the big companies have real profits, and most of those profits are generated outside the US.

By: Chancee

Chancee — Thu, 11 Aug 2011 23:32:30 +0000

Yes… no doubt, this is just getting started. We have just resumed the bear market and every big institution on Wall Street knows it. The idea that QE3 will save us is ridiculous.

Unless, I mean, people think we have in fact finally wandered upon the panacea for which all bear markets in the future will now be cured. And those same people think it was so silly of us not to have thought of this before – the whole dot com crash could have been averted had we only known about the secret of printing money.

My prediction: By Christmas we will have re-tested 666, and in short order. With the machines running rampant and totally unchecked, it’s feasible we could be down that low within six weeks. Wait and see.

By: FBreughel1

FBreughel1 — Thu, 11 Aug 2011 15:15:27 +0000

yeah, yeah we get it. European traders are stupid, American traders are brilliant. In Europe there is a monster crisis, in America no problems except a wash over from the European crisis. America is the stable fortress in the world.

Felix, this was week 1. It’s going to take a while…

By: CDN_Rebel

CDN_Rebel — Thu, 11 Aug 2011 15:02:16 +0000

52 weeks back EUR/USD was 1.322 seven day avg; this week the avg is 1.426, so ya I think it is reasonable to say the difference in moves is just noise. Plus the fact that Europe has had the tougher go of it this this week with the French banks… let’s see what that chart looked like for the 52 wks ending July 29 or August 5 even. It’s funny you would post so assuredly on this when your usually meme is don’t watch the daily moves – as far as I’m concerned the dates are cherry-picked and not meaningful unless constrasted against weekly trends, ie different 52 wk periods.

By: GRRR

GRRR — Thu, 11 Aug 2011 14:43:36 +0000

I’m sure the US will catch up — we’ve been embracing the austerity measures of the PIIGS+UK, of late.

By: Panley

Panley — Thu, 11 Aug 2011 14:27:59 +0000

USD/EUR down 8% since August 2010. Hence no difference whatsoever.

By: hansrudolf

hansrudolf — Thu, 11 Aug 2011 14:24:23 +0000

52 weeks back the euro was at approx 1.26, right ?

By: alea

alea — Thu, 11 Aug 2011 12:26:47 +0000

Silly chart: data not taken at the same time point, not corrected for currency, price change taken from 52-wk high (idiotic) which introduces a volatility bias etc…for broad indices, us/eu difference is 2 or 3% ==> noise.