Witness the Caracas stock exchange, up 70percentthis yearar.
They closed today at 52.05 Canadian dollars on the Toronto stock exchange, up 1.10 Canadian dollars.
The unions' decision to back down helped send the South Korean stock exchange up by a further 2.5percenttodayay, in record volume trading.
The enthusiasm for such stocks is reflected in the brief track record of Houston-based Sanifill Inc., which went public April 11 at $9.50 a share and closed yesterday at $15.75 on the American Stock Exchange, up more than 65percentt.
The biggest rise in the FTSE 100 is London Stock Exchange, up 199p at £28.77 as US group Intercontinental Exchange said it was considering making an offer, thus barging into the proposed merger with Deutsche Börse.
Shares in Royal Mail closed at 489p on the company's first day of full trading on the stock exchange, up almost 3%.
Nasdaq, having agreed Monday to put its 31% stake in London Stock Exchange up for sale, is trying to hold onto an agreement to buy OMX, a collection of Scandinavian exchanges, against a rival $4 billion bid by Borse Dubai.
"Negative sentiment in the face of a stabilizing market is the perfect setup for a powerful rally," says Band, who advises that the best way to play this rally is to buy the S&P via Spiders, which trades on the American Stock Exchange, up to $86. Band believes the market could tack on a 20% gain through year's end, but he has no long-term bullish illusions.
We have the trends that if capital markets catch up, the stock exchanges catch up, the Internet catches up.
"When stock exchanges go up, when indexes go up, that's usually derived from either I.P.O.s, value creations, capital increases, or just the fact that business is going well, people are buying, and cash flow is coming into the company," he said.
