Quote from rjv27:
Jan. 2 (Bloomberg) -- European and Asian shares rallied, and U.S. stock-index futures gained, on speculation profit growth will boost global equities for a fifth straight year.
could be an answer....
Quote from S2007S:
5th straight year. Some of these markets havent seen a pullback in years.
Look at the IBOVESPA, in the last 4 years it has gone from 10,000 to over 40,000.
The Mexico:^MXX in the last 4 years has gone from 6,000 to 25,000.
The Bombay exchange has gone from 4,000 to 14,000 in 4 years...
How long can these rallies last??
Quote from scriabinop23:
last may was a SERIOUS pullback for India, and most emerging markets - a la ~25% area.
I recall because some of my funds got nailed.
there's a lot of hot money out there... it used to chase housing. now its chasing emerging markets.