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 Gordon Pape is a well known investing and personal finance guru and author, 2009
 Gordon Pape is a well known investing and personal finance guru and author, 2009
(Tory Zimmerman/The Globe and Mail)

Markets rallied in February, but correction still looms

Well, that’s more like it! After a wobbly start to the year, most world stock markets rallied in February to post some very respectable gains.

In New York, where all the major indexes were down in January, we saw a complete reversal of fortune, led by the tech-heavy Nasdaq Composite which finished the month with an advance of 5 per cent. That brought it back into the black for 2014 with a year-to-date advance of 3.1 per cent.