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The sky is falling — or is it?
The economic sky might still be falling, but it looks like the folks playing the stock markets have their hard hats on. Either that or they may be on to something. If the recent run of gains for global equities continues, world stocks will mark their best month in a decade. A look at the MSCI’s all-country world stock index shows a gain of 8 percent this month. It has climbed nearly 18 percent over the past eight sessions. It’s enough to make you think someone has opened the gate and let the bull out. But investors are ever-cautious and few are jumping up and down with glee.
What do you think? Is the stock market turning the corner?