Survey: Is Stock Rally Over? Pros Say Gains Are Done for This Year

REUTERS | September 30, 2009 | 1:40 PM EDT

Major world stock markets will likely stutter to the end of the year after a strong push since March to try to wipe out massive losses from a stinging global recession, Reuters polls found. Quarterly surveys of over 180 equity strategists globally showed leading stock markets in New York, Tokyo and London would all end the year around current levels after clocking huge double digit gains since dismal lows in March.That would still leave them down on 2008's huge losses, but would be a remarkable turnaround, powered by growing optimism that a recovery is at hand after the worst recession in decades.

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