World Stock Markets Rally to 33-Month High

The MSCI World Stock Market Index closed today at 1,371.4, reaching the highest level since July 30, 2008, almost 33 months ago.  Compared to the cyclical low of 697.5 in early March 2009, the MSCI World Stock Index has almost doubled over the last two years.  The year-to-date return for the world index is 7%, and the one-year return is 14%.  Welcome to the 2001 bull market rally for world stocks.