2009 Worldwide Bull Market Rally: Stock Markets Gain 60%, $17 Trillion in Value Since Early 2009
The value of world stock markets increased by $1.6 trillion in November (data here) to $45.4 trillion, the highest level for total world stock market capitalization since August 2008 (see chart above). The world's stock markets have increased in value eight out of the last nine months, and world markets have gained $17 trillion in market capitalization since the February bottom of $28.7 trillion, representing almost a 60% increase this year.
Over the last year, 51 out of the 53 stock markets tracked by the World Federation of Exchanges have registered positive gains in market capitalization, and some stock markets have more than doubled in value since November 2008 including Brazil (+119%), India (+121%), Indonesia (+145%), and China (+146%).
MP: Add this as another V-sign of economic recovery here and around the world, see Scott Grannis for his growing list of V-signs: strong retail sales growth, car sales, employment and the ISM index.