Monday, November 9, 2009

Global Stock Rally Just Getting Started Before Rates Rise

(Bloomberg) -- Stocks around the world are falling at the fastest rate since the worst of the credit crisis on concern central banks will start raising rates, a signal that triggered the biggest rallies over the past three decades. Benchmark indexes from New York to Tokyo to Frankfurt have lost an average of 4.4 percent since Oct. 19 on speculation policy makers will curtail stimulus measures before the global economy revives. History shows stocks have climbed 92 percent of the time in the six months before government borrowing costs began the biggest increases, data compiled by Bloomberg show.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9.ZzZW5rvEk&pos=2

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