Here’s an interesting bit of trivia…
The value of world equities climbed 1.6 percent in January and reached $53.6 trillion on Feb. 1, the most since June 2008, data compiled by Bloomberg show. The MSCI World Index, a gauge for $29.6 trillion of advanced-country shares, is valued at 15.9 times reported profits, a 29 percent discount to the average level since February 1995, data compiled by Bloomberg show.
So all the stocks in the world are worth $56 trillion, making up approximately one half of that total is Facebook. Totally kidding, maybe. That 29 percent discount in average world price-to-earnings is kind of interesting also.