Today's market sentiment could not be much more different than it was seven months ago, when investors stared into the abyss.
Fidelity South East Asia manager Allan Liu shares his thoughts on Asian markets rebounding strongly in 2009
In a post-Great Moderation world, changes in the real economy have become a much bigger contributor to market volatility. Since March, this has worked in favour of investors as the global recession has shown signs of ending more quickly than first expected....
Notwithstanding the rallies that many markets have experienced over recent months, the current environment continues to offer a range of opportunities to multi-asset managers.
Despite ever-changing trends, the investment company sector has flourished over the past 141 years because of one fundamental attribute - the ability to adapt to change
The stock market has travelled a long way since staring into the abyss in February.
What an extraordinary six months it has been for equity markets, with the FTSE World Index having risen by nearly 50% from the depths of despair in early March.
European markets were remarkably volatile during the first half of 2009, mainly due to the ongoing fall out from the global credit crunch.
The Japanese market has benefited from the improvement in investor confidence we have seen in recent months, although the weakness of the yen this year has been a negative for sterling-based investors (a reversal of the picture in 2008).
Market upheaval causes mass exodus to developed markets as a consequence of managers' search for quality and protection from risk