Posted by on April 8, 2011
I have to specify 11th March because I have just received initial reports of another big one that happened a couple of hours ago.
MSCI has just released a great starting point for analyzing the impact of the Earthquake in the Japanese stock markets, which was particularly revealing in its quantification of commonsensical relationships (you never know until you know, I always say):
...- March 14 and 15 saw consecutive -5.7 and -7.1 s.d. moves
- Portfolios of Volatile and Highly Levered stocks both saw between -2.8 and -6.3 s.d. moves over March 14 and 15
- Portfolios of Large caps rose +6.25 and +5.49 over the same period (i.e. significant cross-sectional differences)
- While Infrastructure and Housing stocks gained ~10% on March 14, all industries lost money on March 15.
- Insurance was of course the ...
It’s horrible what happened in Japan, isn’t it?
Hi Jason,
It sure is, which is why one must cherish what we have now. We never know what will happen tom.