Bear is Back?

kav4 · 21 Re: Bear is Back? Mon Oct 15, 2012 8:02 pm

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Dileepa I sent you a PM. Pls reply.

Rajitha · 22 Re: Bear is Back? Tue Oct 16, 2012 2:15 am

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Dileepa wrote:Rajitha, You can not compare 2 markets with their own indices.
A universal index is needed for that task. (which is provided at MSCI)
Following is an excerpt form Frontier Market Definition.

"The indices include large, mid and small cap representation and cover approximately 98% of the investable equity universe across all Frontier Markets countries.The MSCI Frontier Markets Indices are constructed using a building block methodology common to all Global Equity Indices. The MSCI Frontier Markets Indices can be segmented by size, sector and geography, allowing for consistent global views and cross regional comparisons. The MSCI Frontier Markets Indices can also be combined with the MSCI Emerging Markets and All Country Indices to create a range of extended regional and global composite indices."

If you are investing in CSE only, then a universal index is not relevant to you.

FYI,
As anubis pointed out similarity is there whether you use a universal index or not.
This is the same data with respective indices. (data from bloomberg)

Rajitha wrote:Normally Sri Lankan markets had minimal impact about what happened in world markets as it CSE depends on huge momentum swings created by a few.

Are you sure? I checked with 20 years of past data. What you call "Normally" had never occurred.
Do you have something to back your statement?

The main financial collapse which happened recently in the world (starting in america)made really few strides in Sri Lanka. Also as I said most foreign investors invest in markets like Sri Lanka when they are loosing the option to invest in some big markets in the world. Also for example this time the bull run was due to the fact that a certain person resigned and another person came to a seat in SEC. These are arbitrary things and also if you monitored the world markets were going down mainly Europe when this time our market went up! Also our countries market shot up for years because a decade long war ended and the rate it went up for yeas was not comparable to any market in world. If you manipulate data to show something from the back yo can get almost any data but you need to say what parameters you used and also there should be some credibility where some one with knowledge back and approve those. In other works RELIABLE SOURCES.
Anyway I only invest in CSE but I'm in the list of a investment trust CC copy for daily updates and get all the data including gold silver copper and other commodity prices. And from looking at them most of the time ours and big markets up and down trends hardly see any sync!

To answer to anubis, all markets you gave btw was Indian. Another close market to ours which might have some alternate investments for foreign funds when other big markets collapse.but hi go and have a look and compare one of those even and CSE. ITs qutie different.
http://www.bloomberg.com/quote/JCI:IND/chart
http://www.bloomberg.com/quote/CSEALL:IND/chart

anubis · 23 Re: Bear is Back? Tue Oct 16, 2012 1:24 pm

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@Rajitha: we were talking about markets in the Indian sub-continent all along. I found some more examples:

http://finance.yahoo.com/echarts?s=%5EBSESN+Interactive#symbol=%5Ebsesn;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

http://finance.yahoo.com/echarts?s=%5EJKII+Interactive#symbol=%5Ejkii;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

http://finance.yahoo.com/echarts?s=%5ECSE+Interactive#symbol=%5Ecse;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

(JCI doesn't seem to be available on yahoo finance)

Now, if you correlate the dates on these charts, you'll see that all "major rallies" are in sync. Of course, each market has its own rallies as well.

In essence, the "post-war-economic-boom" is overrated.

I believe once this "Indian ocean renaissance" is over, few markets will emerge as winners while the rest of them will go back to their deserved levels. CSE is probably one of those suckers IMO.

Cheers!

Backstage · 24 Re: Bear is Back? Tue Oct 16, 2012 1:39 pm

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Anubis, in Dileepa 's original chart it also showed EMASIA line running closely with India, do you know what constitutes EMASIA ?

anubis · 25 Re: Bear is Back? Tue Oct 16, 2012 2:14 pm

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@Backstage: I think you'll be able to find the constituents of those indices here: http://www.msci.com/products/indices/tools/index.html

Cheers!

Backstage · 26 Re: Bear is Back? Tue Oct 16, 2012 2:25 pm

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Thanks

Rajitha · 27 Re: Bear is Back? Tue Oct 16, 2012 3:49 pm

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market for today in Asia pacific!
http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

You can clearly see the correlation Laughing

anubis · 28 Re: Bear is Back? Tue Oct 16, 2012 5:09 pm

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Seriously???

You are trying to correlate a single day's movements? I hope you were just trying to make a sarcastic comment.

No further comments from me.

Cheers!

Dileepa · 29 Re: Bear is Back? Tue Oct 16, 2012 8:00 pm

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Rajitha wrote:
The main financial collapse which happened recently in the world (starting in america)made really few strides in Sri Lanka. Also as I said most foreign investors invest in markets like Sri Lanka when they are loosing the option to invest in some big markets in the world. Also for example this time the bull run was due to the fact that a certain person resigned and another person came to a seat in SEC. These are arbitrary things and also if you monitored the world markets were going down mainly Europe when this time our market went up! Also our countries market shot up for years because a decade long war ended and the rate it went up for yeas was not comparable to any market in world. If you manipulate data to show something from the back yo can get almost any data but you need to say what parameters you used and also there should be some credibility where some one with knowledge back and approve those. In other works RELIABLE SOURCES.
Anyway I only invest in CSE but I'm in the list of a investment trust CC copy for daily updates and get all the data including gold silver copper and other commodity prices. And from looking at them most of the time ours and big markets up and down trends hardly see any sync!

Do you know that from end of June to September all global equities went up by 15%.
If you have data, you should be very well aware of it.
Couple of members have given you separate sources which are reliable.
Do you expect to spoon feed things in a public forum. scratch