Global equity recovery continues

Good news like this just doesn't get enough attention. The capitalization of global equity markets has risen 78% from the lows of last March, and now stands at $45.6 trillion. We've filled a huge valuation hole that was precipitated by the collapse of Lehman last year, and the next step is to get things back closer to where they were before the financial panic of last year. I remain confident we'll get there.