According to the FT, the value of the 24 stock markets in Europe has risen to $15,720 billion. The total value of US markets is now $15,640 billion. This has not happened since WWI.

The primary cause of Europe passing the US is the rise in share prices there since 2003.

However, the figures used to calculate the comparison include Russia and other and Eastern Europe. Not really markets at all.

Probably just an attempt to make the US look bad.

Douglas A. McIntyre