Note from dshort: Last weekend I posted a chart of Canada's S&P/TSX Composite Index to show how it stacks up in recent years against the indexes in my weekly world markets update (here). In response to several emails, I've created a similar overlay with Australia's All Ordinaries Index along with the eight regulars.
The first chart below shows the behavior of Australia's All Ordinaries since the turn of the century.
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 lower range of the pack. But it's in fourth place in the percentage below its interim high, which was on April 11, 2011.