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Our "As You Wish" Markets Have Reached the Cliffs of Insanity

Next stop: the Pit of Despair?
by Adam Taggart
Friday, July 19, 2013, 12:41 PM

In the classic fantasy rom-com The Princess Bride, the beautiful maid Buttercup orders the farm boy Westley to perform numerous tasks to test his servitude. No matter the magnitude of the request, Westley simply answers "As you wish" and makes it so. Buttercup eventually comes to view Wesley with similar devotion, and true love is born.

Similarly, investors have fallen back in love with the capital markets, whose continual response their increasingly irrational hopes has been "As you wish." » Read more