‘X’ Marks the Rally

If you close your eyes and place your fingeron a map, chances are good that you’ll hit a
country whose stocks are up over the last year.
Whether Western or Eastern, emerging or
developed, most markets around the world
climbed. Increased stimulus from central banks
helped the U.S., Germany and other developed
markets overcome worries about the slow U.S.
economic recovery and
Europe’s debt problems.
Emerging market economies,
meanwhile, grew an average
5.3 percent last year,
compared with 1.3 percent for
advanced economies.
If you close your eyes and place your finger on a map, chances are good that you’ll hit a country whose stocks are up over the last year.
Whether Western or Eastern, emerging or developed, most markets around the world climbed. Increased stimulus from central banks helped the U.S., Germany and other developed markets overcome worries about the slow U.S. economic recovery and Europe’s debt problems. Emerging market economies, meanwhile, grew an average 5.3 percent last year, compared with 1.3 percent for advanced economies.