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The Price of Everything & The Value of Nothing

Is all we know in a bubble-driven market
Tuesday, June 23, 2015, 3:50 PM
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My view is that the stock market is simply pegging itself to the idea that the central banks have backed themselves into a corner and that there’s no other option but to keep the liquidity spigots open. I cannot fault that view, as it has been right for the past 6 years.

However, it cannot be true forever. And we all know that a day of reckoning is out there somewhere. 

 

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