I am a very angry young man these days, and am a hater of the current Aust govt. Anyway, all that aside, could someone please explain to me WHY our markets are trailing the US markets so poorly. Considering the joys of our economy and the woes of the US! And the AUD actually makes the situation look better than it really is!!!!!!!
These days I have become an investor that occassionally trades. My portfolio is down about 20% from break even.
Perhaps my maths maybe wrong.....these % are "circa"
Dow only needs to go up 13% to reach its ALL TIME HIGH. ASX needs to go up 67%!!!! 67% !!!!!!!
Dow is up 86% from GFC lows. ASX is up a pathetic 29% from GFC lows.
Dow is now just 2% off its 2 year high. ASX is 22% off its 2 year high.
Looking at a time line it all seemed to go pear around Aug or Sept 2010.....and I cant find any historical news sites to suggest what was going on around this time to KILL OUR MARKETS.
Anyone have any suggestions? Grealty appreciate as I wish to understand.