Why is the Australian sharemarket down 29% from its 1 November 2007 high point when the United States S&P 500 index is only down 26%? Is the United States economy doing better over that time period than that of Australia? Looked at another way, why is Australia’s market up only 56% from its 10th March 2009 low point (3121), while the Dow Jones Index is up 67% and the broader market S&P 500 Index is up 74%?
This musings is a long one, so pour yourself a cuppa of your favourite brew, get comfy and read on as we ponder the two economies and their relative performance. Click on the image below to open the file.
Just for fun, i’ve included a poll so that you can give me a bit of feedback on what you think of the update…[poll id=”7″]