The Dow Jones Industrial Average bottomed in 1932 while the Great Depression did not really end until the second world war (allegedly). Since it bottomed at 41.22 on 8 July 1932, the Dow Jones Industrial Average has never revisited that point again.
Articles written by: Also Sprach Analyst
New home prices in China rose in 35 out of 70 cities according to data compiled by the National Bureau of Statistics, up from 31 out of 70 cities rising in September.
“We believe economic growth in China will rebound earlier, and stronger, than the market currently expects….”
Li Zoujun, an economist at the Development Research Centre of the State Council, recently made a report, presumably at an internal meeting, which predicted that China could face an economic crisis in 2013.
Nomura has an Air cargo volume index (as we first mentioned here), which correlates with global industrial activities pretty with (correlation = 0.84).
The best performing asset turns out to be corn, followed by gold and silver. The worst asset classes were mainly European peripheral stocks. Funny enough, the Shanghai Composite was the 6th worst performing asset class.