World Stock Market Rebounding
The Morgan Stanley Capital International-Barra World Stock Index has increased by more than 24% since its most recent March 9 bottom (see chart above). On a monthly return basis, the 7.24% March 2009 return for the MSCIBarra World Stock Index is the highest monthly return in almost six years, since the 8.64% return for April 2003 (see chart below).
5 Comments:
It's because Wall Street is realizing that the new boss is the same as the old boss.
Say, you had $100
A 50% drop takes you to $50
A 10% gain that takes you to $55
We should maybe hold the celebrations of the resurgence of the world economy until we see 80% gains...
The ancient Chineese proverb says "The longest journey begins with one step."
a new bubble? Either cash flows are suddenly expected to be larger than is justifiable in the numerator or people are ignoring the coming inflation in the denominator. This isn't real.
Bear market rally.
There is no "investing" in stocks anymore. You are a speculator, pure and simple.
Bonds, maybe. If you do colonoscopy level DD (muni bonds for 50% of cities are OUT!). Stocks, no way. No way in hell.
This bear will reverse, maybe in weeks, probably in months, and it will take 'everybody' by surprise.
Don't be fooled again.
Post a Comment
<< Home