Stocks ride high worldwide, but analysts wary of artificial bull market

Optimism is blowing through stock markets around the world, lifting many of them to record high levels but this contrasts with widespread economic gloom and leads some analysts to wonder if some of it is just hot air.

Records have been created with increasing speed since the beginning of May.

The main DAX index in Frankfurt has reached a new record high level, and the markets in London and Tokyo have returned to the levels reached in October 2007 just before the financial crisis began.

via Business feed http://www.scmp.com/business/banking-finance/article/1236101/stocks-ride-high-worldwide-analysts-wary-artificial-bull