Half the world stock markets are now in bull market

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We are close to touching a new high in Indian equities. But do you know that more than half of worlds stock market are currently in bull market. How do we define a bull market, one rule of thumb is that a bull market is when the price is up more than 20% v/s 52 week low,and a bear market is when the price is down more than 20%.Looking at the chart, you may notice a few things.

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First is the indicator really fires up at the start of a bull market e.g. 2003, 2009, and again around the start of the QE rally. Second, it goes low, like almost to zero, at a major market bottom (e.g. at the end of 2015). Third and final – the MSCI ACWI (All Countries World Index) in local currency terms just made a new all time high last week. What does that add up to? In opinion of Callus Thomas, the new bull market for global equities.

I agree that equities is the best asset to invest for next couple of years but i see  excessive bullishness and compacency currently across markets as measured by VIX and explained in this article http://worldoutofwhack.com/2017/02/20/volatility-to-hit-back-with-vengeance/,  if you are patient investor keep your powder dry and you will get better levels to invest.

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