Bonds and Stocks
Stock Market Synchronization: A Follow-Up
July 12, 2008
Monday Tuesday Wednesday Thursday Friday DJIA -0.5% +1.4% -2.1% +0.7% -1.1% Nikkei +0.9% -2.4% +0.1% +0.1% -0.2% Dax +2.0% -1.4% +1.3% -1.3% -2.4% My post of July 10th noted two patterns during the first three days of this past week. On each of those days, the direction of equity price moves had been opposite in the United States to the market movement in Japan and Germany. Secondly, in each of these markets, there had been a ping-pong pattern [...] More
