Last week I told you how Israel's market, the Tel Aviv Stock Exchange was seemingly immune to rockets. Even a reporter for the Haaretz Daily Newspaper, Hagai Amit, wrote, “The bottom line, the stock market is used to rockets.” I also told you that Israel's TASE was more likely to be influenced by the global economic crisis than the ongoing conflict in Gaza. Turns out, I was right (so far). In Taipan Insider, an exclusive report for all members of Taipan Publishing Group's services, I gave an in-depth report about Israel's performance through these crises. I said: Last Monday, the TASE-100 rebounded as high as 550.88. This Monday, the TASE-100 hit a high of 600.95. In short, Israel’s TASE is following other major world indices and seemingly putting in a bottom. In spite of this ongoing conflict. Again, Arab markets in the region are mixed, with the UAE market up nearly 6% and Qatar’s market down nearly 4%. To me, this “proves” that the conflict is not the major factor in the region right now. The global economy is the big player. And today, we've seen the TASE-100 climb even higher, popping up to 618.24, a rise of 4.5%. While I can't reveal everything I told Taipan Insiders, I can tell you that this rebound, though quick and surprising, has not performed any better than Western European markets, like the CAC and the FTSE (France and London, respectively). These markets have been trying to put in a bottom for the past three months and more. Here's how they've performed: CAC bottomed out on November 21, 2008 at 2,838.50 and closed at 3,396.22 on January 6, 2008. That's a rebound of 19.6%. FTSE bottomed out on October 24, 2008 at 3,715.20 and closed at 4,638.92 on January 6, 2009. That's a rebound of 24.9%. How does the TASE 100 compare? It put in a bottom at 518.24 on November 20, 2008. As of January 6, 2009, the TASE-100 stood at 618.24, a rebound of 19.3%. Respectable, yes, but consider the drops over the year, and you may see a different story. The TASE-100 put in a high of 1,124.74 this year. That bottom at 518.24 is a 53.9% drop. That's a good chunk more than the CAC (that lost 48.7%) or the FTSE (that lost 42.7%). In a nutshell, the TASE-100 that has dropped more than France and London, and rebounded less. Heck, that's worse than the Dow Jones Industrial Average. It's dropped 43.9% and rebounded 21.9%. But Israel may be in a better position than the U.S., London or France down the road. I explained it all in today's Taipan Insider, so if you've got a subscription, you should check it out.