During the 16-year-long U.S. bear market in 1966-1982, the DJIA suffered several major declines and ultimately lost 18%. Over the same period, Japan’s Nikkei 225 gained 389% and India’s stock market gained 233%. Hong Kong and Singapore achieved even bigger gains.
How can that be, you ask -- don't all global stocks move pretty much in unison?
They do not. The Elliott Wave Principle explains why: Each market follows its own long-term wave pattern.
From here the question: Will Asian-Pacific stocks once again decouple from the U.S. and Europe?
In the September issue:
Overview: At Elliott Wave International, you won't hear us discuss the "impact" of this or that "fundamental" factor. From over 30 years of experience observing market behavior, we know that "fundamentals" lag the stock market, not lead it. ("Fundamentals" were horrible in March 2009, for example -- but stocks across the globe turned up anyway; better "fundamentals" followed.) The September Asian-Pacific Financial Forecast presents to you the latest technical evidence we see for the developing trends across the region. In one sentence: caution is advised.
Japan's NIKKEI: The price action in the Nikkei 225 since its 2009 high has been choppy. That alone speaks volumes to an Elliottician, not to mention the supporting technical evidence that helps make the forecast even more clear; details in the issue
Australia & New Zealand:Since the August lows, Aussie and Kiwi stocks have rebounded strongly. The September Asian-Pacific Financial Forecast gives you both bullish and bearish evidence to help you make up your mind.
Hong Kong & Singapore: The Hang Seng Index advanced in five waves off the 2008 low to the 2010 high. The form of price movements is extremely important in Elliott wave analysis, so the question is: What form did the recent declines take, and what does it mean for the trend? Get the answers inside (risk-free).
China & Chinese Real Estate:Slowing home sales and home price increases have lead conventional observers to conclude that China’s housing boom has ended. Get our take on the long-term Elliott wave pattern in China Vanke, China’s largest home builder, and see if the analysts' fears are founded. Also: Chart spotlight on Chinese small caps.
India: Off its 2010 high, India's S&P Nifty has been progressing lower. The momentum of the decline is now the most oversold since the 2008 low -- but that, by itself, is no guarantee of a rebound. Learn what we see ahead for Indian stocks.
ALSO: You get latest updates for Korea and Taiwan -- plus, the "Cultural Trends" section gives you a socionomic view of Japan's politics.
Tap into these insights now via a risk-free subscription to The Asian-Pacific Financial Forecast Service >> (You also get instant access to the still-valuable August 2011 issue.)