14 Indices are trading at all-time low, most at 2007 or pre-2007 levels. (UK, France, Spain, Italy, Switzerland, Portugal, Belgium, Austria, Poland, Saudi Arabia, China, Hong Kong, Thailand & Philippines)
5 Markets are at all-time high ( US, Denmark, Russia, New Zealand, Taiwan)
12 Markets are consolidating between levels of 2015-2018 (Canada, Mexico, Germany, Sweden, Hungary, Turkey, Israel, Japan, Australia, India, South Korea, Indonesia)
Most European markets except Germany are trading at low levels of 2007 or pre-2007 levels.
Emerging markets like Thailand, Philippines, China are trading around all-time lows since 2007 or prior.
Indonesia is at the 2013 level.
Australia is at the 2007 level.
3 markets show strength of making all time high as they are just 15-20% away from all time high level. ( Brazil, India and Canada)
Most emerging markets have not recovered as fast as India, Russia and Brazil, even not at half speed of these 3 markets. India is largest economy among this 3 economies.
I don't see any market except India after watching 31 indices, comparable to buoyancy of US market. Russia and Brazil don't have as diversified economy as India has.
What does this analysis say?
Only select few markets are at all-time high or near high. More than 50% world economies are at bottom. There is very large opportunity in the world market to go up as under performance of years is reversed. This will for sure require bold reforms which are normally taken in crisis time only, by politicians. It is also worth to note that these economies are weak and that weakness is reflected in their indices.
What does this mean for Investment in India?
World's wealth is not finding many strong options(economies). Otherwise, it should have reflected in Stock Market indices. Stock Market Index represents overall sentiment of investment in nation from world view.
There are select few only, which have strong fundamentals, depth, strong reforms being taken, democracy, stable Govt, fair judicial system, young demographics, large market size, competitive people, independent regulators with scope of multifold growth in years to come.
India is truly very large opportunity to resist for the World.
India will attract unprecedented interest from World.
Stay invested through ups and downs. This market has many more legs and will keep surprising us.
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