“All five of the bank's key timing indicators are flashing a green light for the first time since early 2009, suggesting the worst may be over for global equities”
http://www.telegraph.co.uk/finance/11837853/morgan-stanley-capitulation-MSCI-Europe-equities-China-bank-stocks-1998-bonds.html
Morgan Stanley issues 'full house' buy alert for stocks
Frontier markets will have more opportunity. I believe Sri-Lankan ASI index should rebound strongly once it reaches around 7190/7200. After that we should see remaining stages of current major bull market. Political Uncertainty is also over now. We could see participation of local institutional investors as well in the coming months. We will wait and see.