Quick Visual Analysis
Figures 18.5 to 18.10 show the same four-year period for major world stock markets relative to the world index starting with the U.S. market’s outperformance versus the world index from 1994-1996. Quick trendline analysis shows the UK market, as represented by the FTSE 100 (Figure 18.6), has broken a trendline to the upside and is therefore suggesting that it will outperform the world for a while. Hong Kong (Figure 18.7) has been matching the world pace for 2 1/2 years, and France (Figure 18.8), Australia (Figure 18.9), and Germany (Figure 18.10) are locked in three-year down trends.
Figure 18.5. U.S./World
Figure 18.6. ...
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