Sunday, November 28, 2010

World Stock Market Value Doubles Since 2009


Update: For the third time in the last four months, the World Federation of Exchanges reported a significant gain in world stock market capitalization for the month of October, with a $2.5 trillion increase that pushed the total value of world stocks to $52.7 trillion (see chart). The October increase follows strong gains of $2.7 trillion in July and $3.8 trillion in September (and a slight decline of $0.50 trillion in August), for a cumulative four-month gain of $8.5 trillion from July-October, one of the largest four-month gains ever for world stock market value.

From the cyclical low of $26.6 trillion in February 2009, the total value of world stock markets has almost doubled to $52.7 trillion last month, and provides further evidence of a worldwide economic recovery and global bull market rally.

2 Comments:

At 11/29/2010 9:45 AM, Blogger Junkyard_hawg1985 said...

It is a pretty chart, however, much of the rise is simply the result of currency destruction. The average gold price in 2010 ($1210) is more than 4X that of 2000 ($279). While the chart may be pretty, the main driver has been the destruction of the value of the dollar.

 
At 11/29/2010 2:34 PM, Blogger VangelV said...

It is a pretty chart, however, much of the rise is simply the result of currency destruction.

I agree that much of the rise is due to currency destruction but there has also been real growth around the world. Unfortunately for Europeans and Americans the highest growth levels have taken place in the 'developing world' and we have seen a massive increase of wealth abroad even as we have experienced stagnation at home.

 

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