Private equity gained new power and responsibility as a direct result of the 2008 crisis.
As the cult of equity gained more and more adherents in the 1990s share prices were bid to stratospheric levels.
In this rally, though, equities have gained a little over 100percentt.
Equities also gained as the European Central Bank backed a European Commission proposal to guarantee deposits.
In fact U.S. equities have gained 18% to 19% per annum over the past 15 years.
According to the Stock Trader's Almanac, U.S. equities have gained an average of 1.6% during the final week of the year since 1969.
According to the Hulbert Financial Digest, Hesler's timing portfolios, which trade Rydex funds and a limited number of equities, have gained an average of 15.9% year to date, while the Wilshire has lost 19.53%.
Similarly, global equity mutual fund inflows dropped to $247 million on Wednesday as the average global equity fund lost 0.9%, but then inflows rose to $711 million on Thursday as the average global equity fund gained 0.6%.
International equity funds gained 18.7percentt, with funds focusing on Europe and emerging markets up more than 20percentt.
