The Indian Market Broke Before China

Monday, March 05, 2007 | 10:28 AM

As a follow up to the 10 Myths column, consider this chart, send in by an astute reader, of Bombay Stock Market.

Note that Indian Markets have been softening since early February, giving up over 1,000 points from their Feb peak. They finally broke trend days before the debacle hit in China.

You can draw the lines in many different ways, but they all lead to a major break the primary trend: 

Bombay_stock_return


We can draw quite a few conclusions about this -- including something trendy about the interconnectedness of global markets.

 

But this is further fuel to my argument against "all of this was started by China." Something was clearly occuring in the Emerging Markets prior to the plunge in China.   

Monday, March 05, 2007 | 10:28 AM | Permalink | Comments (13) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834e97bfd53ef

Listed below are links to weblogs that reference The Indian Market Broke Before China:

Comments

Too soon to call this one. Last summer's decline was sharper and deeper than this one - atleast so far. And proved to be a bear trap. The macro picture, particularly globally, is worse this time around, but I'd still hold off on any pronouncements.

Posted by: Bluzer | Mar 5, 2007 10:57:35 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner