by Bill McBride on 10/21/2010 10:38:00 PM
Thursday, October 21, 2010
Just an update ... it seems like the Shanghai and the S&P 500 (and oil prices too - not shown) are all moving together.
Click on graph for larger image in new window.
This graph shows the Shanghai SSE Composite Index and the S&P 500 (in blue).
The SSE Composite index is at 2,963.50, up about 14% since late August. The S&P 500 and oil are both up about 10% over the same period.