Replies to post #113283 on Simple's Green Room

[simplegreen]

This also from zerohedge


The financial world is used to bubbles. We like to speak about them, point to them, bet upon their comings and goings and wave facts and figures about them like wild men when we appear in the media. It is the way of the markets. We have had bubbles in Real Estate, dot.com, bonds, stock markets and all kinds of other singular spaces. What we are faced with now is also a bubble but one unlike we have ever seen before because all of the major central banks have acted in concert which pumped money in from everywhere while, at the same time, limited what could be done with our new found small bits of paper because they playing field was leveled by distortion en masse. I would say that the entire financial system, every market, every space is in a bubble as a result of what they central banks have done.

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[gitonwithit]

I think the range the last few days says a lot too. Down triple digits then up triple digits then I suspect today is going to be down some more. Reality about to set in and no amount of printing is going to fix it.