Are the good times over for global stock markets?

Equity markets across the world have plunged on fears over US dollar weakness. Is this new Federal Reserve chairman Ben Bernanke's crisis point?

At the start of last week, the MSCI All Country World Index, which is a measure of world markets made up mainly of equities from developed countries, hit a record high of 349.06.

The previous record, 349.04, was set in March 2000. That was the same month as the tech bubble peaked. Maybe investors should have realised something bad was about to happen.

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