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Bears licking wounds after US$20 trillion global market rally

Harmonised recovery in global economy means equity benchmarks worldwide are set to hit all-time highs

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Big companies are becoming huge. Apple, priced at US$810 billion, is good for the total value of the 400 smallest companies in the S&P 500.

SCEPTICISM in global equity markets is getting expensive.

From Japan to Brazil and the US as well as places like Greece and Ukraine, an epic year in equities is defying naysayers and rewarding anyone who staked a claim on corporate ownership. Records are falling, with about a quarter of...

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