Australian Investment Blog

5 things that are catching our eye this morningGood morning everyoneOverviewThe ASX200 has experienced a tough time recently falling 3.9% below November’s highs and closing yesterday only 3.3% above its panic September lows - see chart 1. Conversely, the Dow is a very healthy 13.8% above its August low and only 4.9% below May's all-time high.Obviously, the main point of difference between the markets has been the collapse of resource stocks with BHP -37%, RIO -25% and Woodside -22% for the year respectively.The question a lot of people are asking now is “can the local market get up off the floor and produce a Christmas rally to improve on its -6.1% for the 2015 calendar year”.Turning to the Markets1 Typical Christmas rally