All over global market is stable right now at near to high levels of 2012.But overall world market not adjusted last 2 years earning so far. Market may take a jump from here till October 2012 and then consolidate from there.
Major Reforms in developing nations and Stimulus package in developed country make overall economy more flexible and stable to grow. Commodity prices are moving high may be a small concern in near future because it will increase industrial input cost and thought increase output cost as well which may have a impact on sales.
Fed is planning to buy 40 billion dollar mortgage a month. This will lead the investor to buy on dip.
The latest stimulus from fed is to improve US housing market, generate new jobs and drive down unemployment.
