It pays to regularly step back from daily fluctuations that characterize short-term charts, to examine the big picture using monthly or even quarterly charts.
Over the last 20 years there is one clear winner when comparing major indexes. India.
Even after adjusting for a weaker (INR) currency.
Over the last 5 years, however, the DJ China 15 Index has outstripped the Dow Industrial Average and DJ India 15 when measured in US Dollars.
But the picture changes when comparing ETFs based on broader-based indexes.
While volatility is a problem, growth in these two rapidly-expanding economies (India & China) should not be ignored if investing for the long run. Nor the absence of long-term growth in the UK, Europe and Japan.