“The Bounce Has Run Its Course” Bob ‘The Bear’ Janjuah Warns S&P Heading To 1700s

Saturday, March 5, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/05/2016

It is important to remember that in bear markets the strength is to the downside, the violence is to the upside, with counter-trend rallies in bear markets often being the most painful. Markets simply do not go down (or up) in straight lines. The over-reach of central bankers and their failed policies is not news to me. What is news to us, especially after the BOJ’s easing in January, is that markets are now either at or very close to losing all confidence in the post-GFC policy response crafted by the Fed/ECB/BOJ et al much earlier in 2016 than even we had expected.

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