Bespoke's International Market Snapshot

Below we highlight our trading range charts for 22 equity markets around the world.  The blue shading represents one standard deviation above and below the index's 50-day moving average, while the red and green shading represent 2 standard deviations above and below. 

It's no surprise that equity markets have gotten slaughtered around the globe, but highlighting the declines through these charts shows just how bad things have gotten.  At some point these indices will move back into the middle and top of their trading ranges.

click to enlarge

Comments

[dawase@gmai...:]

I'd be really interested to know what the average persistence (in months) is for each index trading 2 sigmas to the downside. Sort of like showing what the bear market's characteristics are relative to previous bears. (ie, the avg bear market duration is 13 months, we're in the 12 month of the current bear, the shortest has been 3 months, the longest 40)

Rather than saying mean reversion should eventually occur, if you showed metrics based on the duration in the past, it might be illuminating. (ie, no index has ever traded in the green band for more than 5 consecutive months, etc)

2008 Oct 17 02:31 AM

[johnthebear:]

In my opinion ^ssec and ^hsi have at least another 10%-15% drop ahead. I have puts in FXI with a $20 strike for Jan 2010. We are looking at a bear that last at least twice as long as the last decline 2000-2003 due to the world wide loss of $25 trillion in equity capital. China and Russia billionaires are down big time... No one can say how bad it will get.

2008 Oct 17 08:18 AM