World Stock Markets End 2010 at 27 Month High

by: Mark J. Perry
The Morgan Stanley Capital International (NYSE:MSCI) World Stock Market Index closed out the year by reaching a 27-month high of 1280.07 yesterday. This was the highest closing index value for world stock markets since September 19, 2008 in the wake of Lehman Brothers' filing for bankruptcy on September 15, and the subsequent financial meltdown caused the MSCI World Index to drop below 700 by March 2009 (see chart). As I reported previously, it's a significant milestone that world stock markets have now returned to their pre-Lehman levels.