Optimistic Investors and Eager Fund Managers Will Fuel Global Market Growth
March 28, 2011 at 08:05 AM EDT
Despite a significant amount of global turmoil, markets are surging ahead and giving interested investors nice returns. Stocks motored briskly higher over the past week with a devil-may-care attitude, shrugging off renewed concerns about European debt, bad news on the nuclear emergency in Japan, intensified air-to-ground fighting in Libya, renewed unrest in Syria and several undesirable data points on the U.S. economic recovery. The Dow Jones Industrial Average rose 3.05%, the Standard & Poor's 500 Index rose 2.7%, the Nasdaq Composite rose 3.7% and the Russell 2000 small-caps rose 3.7%. Growth mid-caps, our favorite cross-market group, climbed 3.2%. Despite the power of the rally, it was impossible to pinpoint a catalyst other than to observe that risk appetites were whetted by lower prices for those who believe a global economic recovery is under way. For a look at the sectors with the strongest performance, read on…
