Global Markets in Review: More Thoughts on This Rally [View article]
Financial markets are at least 50% irrational, so there is no point psychoanalyzing it. A decision has been made collectively by the G-20 to re-inflate asset prices. Quantitative easing or pump priming whatever you call it - is working. If necessary the Fed is prepared to go to negative interest rates (manufacture inflation) to fight asset deflation. So holding cash is going to cost investors.
Global Markets in Review: More Thoughts on This Rally [View article]