Thought this would be rising and playing catch up with emerging
markets and China. Pretty weak performance so far by TSX -- any
ideas on if this plays catch up soon?
kalinm...$TSX took out the summer highs of 2012 (unlike the SPX)
so not sure why you state that it's lagging currently. With that
said, it's well off it's 2011 highs largely due to it being
resource driven (commodities) which performance lagged in 2102.
Compare the TSX 3 year chart to the stock index of another large
resource exporting nation ($AORD), and that's where its most likely
heading.
--
Australia has a major advantage over Canada being much
closer to China/Asia, quicker and easier to ship compared
to crossing the pacific.
So Brazil should be a big catch-up play in 2013, no? It is
lagging even the TSX. Any thoughts on EWZ here? Seems
like over the last couple of years, EWZ has been a pretty good
proxy for $SSEC?
Yes sbwoman - don't make assumptions on what one market may do
simply based upon another market around the world. Instead, adhere
to what that specific index chart is suggesting.
Been stumped by the $TSX as well. The last year and a
half could be seen as consolidation for a bigger move,
although it looks like it's starting to break out to the
upside. Longer term, though, it has a H&S look to it, so
this breakout to the upside needs to be sustained.
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Why does the $TSX lag so badly?
Posted by kalinm on 2nd of Jan 2013 at 10:35 am
Thought this would be rising and playing catch up with emerging markets and China. Pretty weak performance so far by TSX -- any ideas on if this plays catch up soon?
kalinm...$TSX took out the summer
Posted by steve on 2nd of Jan 2013 at 10:54 am
kalinm...$TSX took out the summer highs of 2012 (unlike the SPX) so not sure why you state that it's lagging currently. With that said, it's well off it's 2011 highs largely due to it being resource driven (commodities) which performance lagged in 2102.
Yes Steve, it's all a
Posted by kalinm on 2nd of Jan 2013 at 10:57 am
Yes Steve, it's all a matter of what time frame. I was just pointing out the daily -- TSX up 0.6%, everything else up 1.5%+
TSX
Posted by rixx on 2nd of Jan 2013 at 10:53 am
Compare the TSX 3 year chart to the stock index of another large resource exporting nation ($AORD), and that's where its most likely heading.
--
Australia has a major advantage over Canada being much closer to China/Asia, quicker and easier to ship compared to crossing the pacific.
So Brazil should be a
Posted by kalinm on 2nd of Jan 2013 at 11:02 am
So Brazil should be a big catch-up play in 2013, no? It is lagging even the TSX. Any thoughts on EWZ here? Seems like over the last couple of years, EWZ has been a pretty good proxy for $SSEC?
FWIW someone sent me this
Posted by sbwoman on 2nd of Jan 2013 at 11:19 am
FWIW someone sent me this article on the BRICs. It's long and basically points out that nothing is a given.
http://www.foreignaffairs.com/articles/138219/ruchir-sharma/broken-brics?page=show
Yes sbwoman - don't make
Posted by steve on 2nd of Jan 2013 at 11:25 am
Yes sbwoman - don't make assumptions on what one market may do simply based upon another market around the world. Instead, adhere to what that specific index chart is suggesting.
Well stated RIXX
Posted by steve on 2nd of Jan 2013 at 10:56 am
Well stated RIXX
Been stumped by the $TSX
Posted by pebs on 2nd of Jan 2013 at 10:50 am
Been stumped by the $TSX as well. The last year and a half could be seen as consolidation for a bigger move, although it looks like it's starting to break out to the upside. Longer term, though, it has a H&S look to it, so this breakout to the upside needs to be sustained.