Chart of the Day: Global Post-Crisis Retracement Levels

Just a bit of big picture perspective here courtesy of Chart of the Day. It shows various market retracements in the post-crisis period:

For some perspective on the post-financial crisis rally, today’s chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by several major international stock market indices. 

For example, the S&P 500 peaked at 1,565.15 back in October 9, 2007 and troughed at 676.53 back on March 9, 2009.  The most recent close for the S&P 500 is 1,563.77 — it has retraced 99.8% of its financial crisis bear market decline.  As today’s chart illustrates, China (Shanghai Composite), Japan (Nikkei 225), India (S&P BSE Sensex), Germany (DAX), France (CAC 40) and the UK (FTSE 100) are all above their financial crisis lows (i.e. above 0% on today’s chart) while none of the aforementioned countries are currently trading above their respective pre-financial crisis peak (i.e. none are above 100% on today’s chart). It is interesting to note that the US (epicenter of the financial crisis) has outperformed the other major stock market indices while China has lagged.”

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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Comments

  1. Looks like the Bank of Japan still has more work to do.

    Nice job on Bloomberg, Cullen.