Investors mark start of meltdown year ago

Anniversary Investors will be looking backwards to go forward this weekon the stock markets, as they mark the one-year anniversary of thecollapse of Lehman Brothers, which signalled the start of the rapideconomic downturn.

Anniversary Investors will be looking backwards to go forward this week on the stock markets, as they mark the one-year anniversary of the collapse of Lehman Brothers, which signalled the start of the rapid economic downturn.

And while many might still be nursing their wounds, a reflection on the past could inspire further optimism. “It could've turned out much worse, especially when you look at where we were in December and January,” suggested Doug Porter, deputy chief economist at BMO Nesbitt Burns.

“Investors are just becoming more convinced that the global economy is recovering faster than anyone could have believed possible.”

It has been a volatile trek for the markets since Lehman's filing on Sept. 15, 2008, but Porter suggested that investors have been pushing forward and becoming “increasingly emboldened,” so much so that he thinks they might buck the usual fall trend of market pessimism.

 
 
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