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Chart of the Day
With much of the financial world focused on China, today's chart presents the current trend of the iShares FTSE/Xinhua China 25 Index (FXI). As today's chart illustrates, Chinese stocks had been trending upward at an ever accelerating rate (i.e. parabolic) since 2005. The parabolic nature of the Chinese rally came to an end as the US housing market/credit crisis began to take hold in Q4 2007. Currently, the iShares FTSE/Xinhua China 25 Index (FXI) trades within the confines of a significant downtrend.
Notes:
- Will the stock market correction continue or will the rally resume? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - iShares
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Quote of the Day
"If the business does well, the stock eventually follows." - Warren Buffet
Events of the Day
April 01, 2008 - April Fool's Day
April 07, 2008 - Masters golf tournament begins (ends April 13th) - Pulitzer Prizes announced
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