http://money.cnn.com/gallery/investing/2013/04/28/worlds-top-stock-markets/index.html?iid=HP_Highlight
Coming in at number 5, the Philippines earned their first investment grade credit rating at BBB-. Their stocks have been at an all time high since China, along with other investors, have been attracted to the nation, being that the Philippines in virtually resistant to the economic slowdown in China. Kuwait comes in at number 4 with a 23% increase in stock value from last year. Due to strong corporate earnings and Kuwait's plan to invest in infrastructure, stocks are at an all time high. Kuwait also boasts the world's 6th largest oil reserves. Argentina comes in at number 3, however their are still may problems with Argentina. The nation is projected to have a 25% inflation rate, and American creditors claim to still be owed a total of 1.5 billion on defaulted loans. However, the economy is doing so well because the prices became so depressed, investors saw a chance for value and have boosted the stock market. The real estate market has boosted Dubai to the number 2 spot, with investors betting on a boom following the crash of 2009. Japan takes the number 1 spot with new stimulus policies that are expected to pull Japan out of the two decades of deflation it has lived through. Massive fiscal stimulus and aggressive monetary easing have devalued the yen and increased profits. Japan seems like the place to be as the new policy makers seem to have the country headed in the right direction.
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