Sometimes stock market rallies can be so powerful that you just have to grab ahold of something sturdy and hang on. Every once in a while, the upward surge can be so strong that it feels as though it’s fake – too much wealth being created in too short a time, inevitably destined to evaporate.
The last 12 months have felt that way. With the major averages up anywhere from 19-26%, many investors are logging in to see account balances that have never been this high.
A recent analysis by FactSet adds a unique perspective to this recent surge. According to them, since February 2016, the market-cap of global shares has risen by an amount roughly equal to the entire value of world stocks in March 2009.
That’s sort of crazy if you think about it. In the span of roughly 20 months, as much wealth was created in global equities as existed around the world in 2009. Whoa.
Too much too fast? It’s possible.
This post was published at FinancialSense on 10/17/2017.
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