Wednesday, April 27, 2011

World Stock Markets Rally to 33-Month High

The MSCI World Stock Market Index closed today at 1,371.4, reaching the highest level since July 30, 2008, almost 33 months ago.  Compared to the cyclical low of 697.5 in early March 2009, the MSCI World Stock Index has almost doubled over the last two years.  The year-to-date return for the world index is 7%, and the one-year return is 14%.  Welcome to the 2001 bull market rally for world stocks.

Posted 6:46 PM Post Link 5 Comments

5 Comments:

At 4/27/2011 7:18 PM, Blogger Benjamin Cole said...

Today marked a 10-year high on the NASDAQ!!!

I sense a secular bull market building...talked today to an industrial real estate broker, long a bear, now talking bullishly...

The Fat Lady has sung on this recession, and she is getting hot and sweaty, the room is getting smoky, and she is going to start belting out some of her favorite hits soon.

Her big boobs are going to be bouncing up and down, the beat will be just right, and people will dancing naughty--or, you can stay out in the loser's lounge, sniveling about Obama.

 
At 4/27/2011 7:38 PM, Blogger Buddy R Pacifico said...

Benji, regardless of opinions on the subject, your creative writing is amusing.

 
At 4/27/2011 7:55 PM, Blogger Benjamin Cole said...

Buddy-
Hey, someone has to make this economics stuff interesting.

Well, my day is over in the dull job I have part-time. Thank you for reading. Posting here helps pass the day. I had a security guard job once that was more interesting than this.

 
At 4/27/2011 8:54 PM, Blogger VangelV said...

You boys need to see reality as it is, not as you imagine it to be.

Real MSCI World Stock Market Index

Do you see the picture?

 
At 4/27/2011 8:58 PM, Blogger VangelV said...

Let me try this again.

MS World: http://tinyurl.com/3rjksmj

NASDAQ: http://tinyurl.com/3h7m6vk

Both have fallen hard in real terms. And whether you like it or not, purchasing power matters.

 

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