Loading ...And finally, in case you wondered when this malarkey would end, Morgan Stanley’s Global Risk Demand index soared to +2.3 – above 2.00 has historically been a significant turning point for risk…
And don’t forget, stocks have priced-in a dramatic rebound in growth… that is failing to appear for now…
This won’t end well…
Source: Bloomberg
Our revels now are ended’
Our revels now are ended. These our actors,
As I foretold you, were all spirits and
Are melted into air, into thin air:
And, like the baseless fabric of this vision,
The cloud-capp'd towers, the gorgeous palaces,
The solemn temples, the great globe itself,
Yea, all which it inherit, shall dissolve
And, like this insubstantial pageant faded,
Leave not a rack behind. We are such stuff
As dreams are made on, and our little life
Is rounded with a sleep.
William Shakespeare
From The Tempest, Act 4 Scene 1