Unless there's a stealth QE for Europe--and the U.S. If the banks can't get their dough, they'll print it for themselves. That may be going on because there is no rational reason for the market to keep going up in the face of systemic bad news. Check that...HORRIBLE news. Regardless, the deflation juggernaut has been kept at bay for this week--at least in the stock market.
Prechter recently came out and said (again!) the market will crash and stay away. He's wrong so often, perhaps that's why the markets all went minty green. Talk about a contrarian indicator....Prechter is always wrong.