Another interesting chart from Mike Panzner:
Tops from around the World
January 23, 2006 6:00pm by Barry Ritholtz
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Really interesting. Wonder how that would look if the chart used unhedged returns for the other markets?
Interesting, but if one looks at the S&P 500 Unweighted Index, the NY Composite or the Russell 2000, the returns look just as bloated. These three hit new all time highs recently. The S&P 500 is lagging these three broader index and still reeling from 2000 when tech made up 40% of the index.
when they do put in their next top, which could be soon, will this be a double-top that requires retracing much of the generational advance?