by Dan Norcini
Consider this a follow up to my earlier post about the Bank of England’s Mark Carney’s rescue of the financial stocks and the overall stock indices.
We have reached a point where these Central Bankers can move markets at will, merely by uttering the magic words. ” PRESTO – CHANGO; ABRACADABRA! The Central Banks have plenty of tools at their disposal to combat those things which might hamper growth prospects or stock value prospects”.
TRANSLATION – More liquidity – even lower rates – more bond buying, etc.
The RESULT? RISK ON.. time to party.