The S&P 500 and Dow Jones Industrial Average neared their high for the year today.
European stocks are on their way to an 11th straight week of gains, the peripheral bond markets in Europe are showing signs of stabilization.
Gluskin Sheff's David Rosenberg says numerous factors have driven the recent risk-on trade:
But perma-bear Rosenberg is still concerned because "the economic outlook still looks muddled" and because he still sees more of a "disinflationary" theme in the global economy
More from our partners at Business Insider:
Business Insider: This Photo Proves Conservaties Are Wrong About Joe Biden
Business Insider: The GOP Is Doing Some Masterful Trolling Of Vice President Biden
Business Insider: Nassim Taleb Warns: Stay Out Of The Investment Industry
Business Insider: Let's Recap Mitt Romney's Whiteboard Lecture, One Of The Most Bizarre Moments Of The Campaign
Business Insider: Mitt Romney Supporters Appear To Be Delusional About A Key Reason For His 13% Tax Rate
We want to hear your feedback so we can keep improving our website, theworld.org. Please fill out this quick survey and let us know your thoughts (your answers will be anonymous). Thanks for your time!