Past few days I was thinking about the movement of different stock indexes in the world. I want to see how they move from 2008 high level.
Indexes like SENSEX, KOSPI and JKSE, they have crossed their previous 2008 high in this year. SENSEX has made a pull back after crossing the 2008 high, where as JKSE is going to high after beating that level. In spite of Korean tension, KOSPI is making the move in up ward direction and looking at the volume it looks to me that it may go more.
Indexes like DOW JONES,
, FTSE are close to touch, Brazilian index once missed the chance to touch the 2008 level and in coming days it may re-test that level. BOVESPA, TAIWAN
Where as NIKKEI,
, CAC and NZ – 50 are too far to touch that level. SHANGHAI COMPOSITE which is far below from it’s 2008 level. SHANGHAI
Chinese market has not reacted like others in the up side, so comparing that we may see the next run from china. But right now it’s market may consolidate little more may be we can get some good things after rate cut problem is over. Where as Indian market has broke the 2008 high but it again retraces from that level. So in coming days if we see more correction in Indian market then after that it also becomes a hot spot. We also cannot forget the fact that these two are top Emerging nations, and their economies are doing lot of good things as I wrote in my previous writings. Here I want also the mention about Brazilian index, right now breaking 70000 level is very crucial for it. It has already broken this 70000 level couple of times but cannot hold that gain to cross 2008 level. In fact it was very close to reach 2008 level in few months ago.
Now time will prove how those indexes which crosses 2008 level will behave in future. But it is sure comparing to others they are working on leverage.
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