Friday Snapshot 5/16/08: We Trounce the Big Boys
Going into the weekend, we'll give you some eye candy to ponder as you light up the BBQ.
It's our Friday Snapshot. We compare the daily performance of the Taipan Emerging Market Index (below), with the Dow Jones Industrial Average and S&P 500 broken out separately.
Key
ALL ORDINARIES IDX (ASX: ^AORD) Australia
BSE SENSEX (Bombay: ^BSESN) India
IBOVESPA SAO PAULO (^BVSP) Brazil
EGYPT CMA GENL INDX (Cairo: ^CCSI) Egypt
HANG SENG INDEX (HKSE: ^HSI) Hong Kong
COMPOSITE INDEX (Jakarta: ^JKSE) Jakarta
COMPOSITE INDEX (Kuala Lumpur: ^KLSE) Kuala Lumpar
KOSPI Composite Index (KSE: ^KS11) South Korea
MERVAL BUENOS AIRES (Buenos Aires: ^MERV) Argentina
IPC (Mexico: ^MXX) Mexico
NZX 50 INDEX GROSS (NZSE: ^NZ50) New Zealand
IGBM (Madrid: ^SMSI) Spain
TEL-AV TASE-100 IND (^TA100) Israel
TSEC weighted index (Taiwan: ^TWII) Taiwan
SSE Composite Index (Shanghai: 000001.SS) Shanghai
iShares MSCI South Africa Index (EZA) South Africa
RTSI INDEX (RUS: RTS.RS) Russia
ISHARES MSCI THAILAN (NYSEArca: THD) Thailand
iShares MSCI Turkey Invest Mkt Index (TUR) Turkey
For Friday, May 16, 2008, we saw a gain of 7.58%. The S&P 500 closed the day up 1.78% and the Dow sank 5.86%. So if you were into our index, that's a big round marguerites for all your friends.
We wouldn't consider the Taipan Emerging Market Index an investment tool. Rather, just look at it as a quick take on the end of the week.
--Irwin Greenstein
