The Nikkei Relative to the Dow

In 1950, the nominal value of the Nikkei was 0.4 of the Dow. Forty years later, it was 14.6 times the Dow. That rate of outperformance is amazing. But by last October, the ratio had fallen all the way back to 0.64 of the Dow.

fredgraph08092013

Thanks to the Nikkei’s furious rally, the ratio broke 1.0 in May, but has since drifted back to 0.9.

Posted by on August 9th, 2013 at 9:33 am


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