Fra Zerohedge:
Just as the BIS has grown concerned at “the markets’ buoyancy hinges on central banks’ every word and deed.,” the following two charts show, perhaps more worryingly and more clearly that any others just how bipolar (and short-fuse schizophrenic) the world’s equity markets have become…
Sentiment has been totally crazy.. swinging from utterly dysphoric to complacently euphoric and back to ‘brink of suicide’-like extremes on the words of a few PhDs around the world…
But one thing is clear – actions speak louder than words… Spot The Not-Currently-Printing-Money nation’s stock market…
It appears the battle between ‘fundamentals’ and ‘money-printing’ is starting to be lost…
But, don;t tell anyone… Because when even the BIS tells you to keep your mouth shut, as it just did very publicly…
