MSCI World Stock Index Reaches New 10 Mo. High
The MSCI Barra World Stock Market Index reached a fresh 10-month high today of 1,080.57 points, closing at the highest level since October 6, 2008 (see chart above). From its early March low, the World Stock Market Index has increased 57%. Leading the world stock market rally are the emerging markets, which are up by 78% since early March.
Originally posted at Carpe Diem.
2 Comments:
I think the global recession is clearly over--Asia already booming again. US stimulus spending on the way, and we seem to have hot bottom already. My guess is Europe will lollygag along.
So the worst is over, and good riddance. I suspect we are on the cusp of a 20-year boom.
The real key is devising a very stable financial system that does not crumple in a stiff breeze. Can the free market obtain that end? Does anyone really want to live without the FDIC, as recommended by Milton F.?
No Federal Reserve system? How about no US mint?
If we say government intrusion is good in some regards, then who decides, and what is the reason? "For the betterment of all."?
Behind that banner, many intrusions are justified.
If we can devise of very robust financial system, the health care debate is a quibble on the sidelines.
We will global growth of 5 percent for decades. Gobs of money to be made.
Instead of telling us to "wait for the bottom," the so-called experts are now telling us to "wait for the pullback." Probably because they missed it! I'll take a 40+% return in the market in just five months, anytime.
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