The following is an updated year to date stock performance among 82 countries monitored by Bespoke Investment.
According to Bespoke, ``So far this year, 71 of the 82 countries are in positive territory, and the average change of all countries is 33.27%. With a gain of 20.76%, the S&P 500 is 13 percentage points below the average, yet it's the second best G-7 performer behind Canada so far in 2009.
According to Bespoke, ``So far this year, 71 of the 82 countries are in positive territory, and the average change of all countries is 33.27%. With a gain of 20.76%, the S&P 500 is 13 percentage points below the average, yet it's the second best G-7 performer behind Canada so far in 2009. ``The BRIC countries (Brazil, Russia, India, China) have been standouts this year. Russia is up the most out of all countries with a gain of 126.71%. Brazil, China, and India are all up more than 70%. Along with Russia, the Ukraine, Argentina, and Peru are up more than 100% year to date.
``Eleven countries are down so far in 2009. Ghana is down the most at -48.26%, followed by Puerto Rico (-40.56%), Bermuda (-38.36%), and Costa Rica (-35.37%)."(bold emphasis mine)
My additional comments:
Asia constitutes half of the 20 best performers including the Philippines (16th).
Yet if one includes Israel (Western Asia) that should translate to 55%. Moreover, Turkey and Russia are both Euro-Asian countries.
It's fundamentally a rising tide lifts all boats dynamic except for the 9 outliers.
Latin American bourses have been mixed- Peru and Brazil are top performers while 4 are among the worst (Ecuador, Costa Rica, Bermuda and Puerto Rico)
The gap between the BRICs and G7 economies are miles apart.
In addition if the average gain is 33% then G7 economies fall below the average despite the positive performance.
The wide chasm accounts for the divergent impact of the crisis as well as the varying impact of the reflationary policies adopted.
Asia constitutes half of the 20 best performers including the Philippines (16th).
Yet if one includes Israel (Western Asia) that should translate to 55%. Moreover, Turkey and Russia are both Euro-Asian countries.
It's fundamentally a rising tide lifts all boats dynamic except for the 9 outliers.
Latin American bourses have been mixed- Peru and Brazil are top performers while 4 are among the worst (Ecuador, Costa Rica, Bermuda and Puerto Rico)
The gap between the BRICs and G7 economies are miles apart.
In addition if the average gain is 33% then G7 economies fall below the average despite the positive performance.
The wide chasm accounts for the divergent impact of the crisis as well as the varying impact of the reflationary policies adopted.
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