Which markets have performed the best during the financial crisis4 min read 28 Mar 2012, 09:55 PM IST
Which markets have performed the best during the financial crisis
Given its unenviable position as the origin and the centre of the financial crisis that has plagued the world for almost five years now, one would have expected the US stock market to do very badly, right? But that is far from being the case. As the chart shows, between the end of 2007 and 27 March 2012, the US market has comfortably outperformed the Indian market. As on 27 March 2012, US market capitalization was lower by a mere 4.2%, compared with its level at the end of December 2012, according to data from Bloomberg. That’s despite home prices continuing to fall, policy rates at rock bottom, unemployment still very high and the fiscal deficit shooting through the roof.