Fra citigroup:
… the topic of whether or not this is the world’s biggest asset bubble has become moot, and even such bastions of credible, “non-fringe” though as Citigroup no longer pretend that the S&P at 2100 is anything but the biggest, and final as its existience is contingent on the credibility of central banks themselves, asset bubble.
As Citi’s Matt King, notes, we now live in a world of:
But…
Or summarized:
However, to loosely quote Chuck Prince, the central bank music may be getting fainter, but it is still playing so the dancing must continue until the bitter end.
So how should one, according to Citi, trade the biggesst equity bubble of all time? Here is Citi’s take:
Confused? Don’t worry, just call your nearest Citigroup sales rep. Don’t have one? Then here is King’s reco for everone else:
And…
But the best news for everyone sick and tired of the most ridiculous experiment in central-planning and market manipulation in history:
