Investors bet that worst of recession is over and predict new bull market

From The Times
Gary Duncan, Helen Power, Christine Buckley and Peter Jones

A wave of euphoria swept world stock markets yesterday as investors piled back into shares, betting that the worst of the global recession had passed.
Rising spirits among investors sparked a powerful rally in shares on both sides of the Atlantic. Leading experts predicted that it marked the beginning of a bull market, with share values back on course for sustained gains over coming months, and perhaps several years.
The burst of optimism came as a more bullish mood took firm hold. It was encouraged by a series of upbeat indications that the world recession may have bottomed out.
In London, and in stock markets across the developed world, shares have erased all of the losses inflicted by the economic slump since the start of the year.

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http://business.timesonline.co.uk/tol/business/markets/article6251885.ece