Breadth, Buybacks, & The Piercing Of The “Grandaddy Of All Bubbles”
by Doug Noland via The Credit Bubble Bulletin,
ZeroHedge.com
11/15/2015
Global policymakers have gone to incredible measures to stabilize market, financial and economic backdrops. Yet reflationary measures will continue to only further destabilize. When policy-induced “risk on” is overpowering global securities markets, fragilities remain well concealed. Fragilities, however, swiftly manifest with the reappearance of “risk off.” Rather quickly securities markets demonstrate their proclivity for illiquidity and so-called “flash crashes.” So after an unsettled week in global markets, the critical issue is whether “risk on” is giving way to “risk off” dynamics.
The Rest…HERE
