abril 3, 2013 § Deja un comentario
Despite a global economic downturn, despite Cyprus situation or a reduction in top line growth for US companies, the markets seems unstoppable.
What is driving the market in this 2013?
Answer: $325 billions.
Pretty much the same driver since 2009…
Interesting fact is the timing of the Fed increases. Like 2011, this 2013 abrupt expansion in the Fed assets seems to be triggered by bad news (Europe).
Just when the patient seems to be waking up, the Fed increases the anesthesia dose.