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Charting Australia: The All Ordinaries Index

  • Written by Syndicated Publisher No Comments Comments
    May 9, 2013

    It’s been quite some time since I’ve updated my chart of Australia’s All Ordinaries stock index. In response to a request from a Australian friend, I’ve refreshed my chart of the All Ordinaries and the overlay of my weekly world markets snapshot that includes the Australian index along with the eight regulars.


    The first chart below shows the behavior of Australia’s All Ordinaries since the turn of the century. The index is up 9.82% in 2013 at 5,122.70 as of yesterday’s close, which puts it pleasantly above the interim highs in 2010 and 2011, which also pierced the 5,000 level.

     

     

    How does this index compare with the eight world markets in my weekly updates? The chart below has the latest “gang of eight” update, through Friday’s close, with the AORD added (the bold red line).

     

     

    Since the arbitrary start date of Monday, March 9 2009, which was a trough for several world indexes (the AORD’s was the Friday before), Australia’s benchmark index is now positioned in the middle of the pack and in fourth place in the percentage below its interim high at the end of April. The top five, of course, is a tight race for the lead. The overlay chart is through Friday’s close and shows the All Ordinaries at 1.22% off its interim high. But through yesterday’s close, it’s now only 0.89% below that interim high.

    Images: Flickr (licence attribution)

    About The Author

    My original dshort.com website was launched in February 2005 using a domain name based on my real name, Doug Short. I’m a formerly retired first wave boomer with a Ph.D. in English from Duke. Now my website has been acquired byAdvisor Perspectives, where I have been appointed the Vice President of Research.

    My first career was a faculty position at North Carolina State University, where I achieved the rank of Full Professor in 1983. During the early ’80s I got hooked on academic uses of microcomputers for research and instruction. In 1983, I co-directed the Sixth International Conference on Computers and the Humanities. An IBM executive who attended the conference made me a job offer I couldn’t refuse.

    Thus began my new career as a Higher Education Consultant for IBM — an ambassador for Information Technology to major universities around the country. After 12 years with Big Blue, I grew tired of the constant travel and left for a series of IT management positions in the Research Triangle area of North Carolina. I concluded my IT career managing the group responsible for email and research databases at GlaxoSmithKline until my retirement in 2006.

    Contrary to what many visitors assume based on my last name, I’m not a bearish short seller. It’s true that some of my content has been a bit pessimistic in recent years. But I believe this is a result of economic realities and not a personal bias. For the record, my efforts to educate others about bear markets date from November 2007, as this Motley Fool article attests.

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