Hi All,
They’ve been doing it for a long, long time but now the CB’s are slowly beginning to admit to it. Check out the full story via ZH via Reuters via the link:
CB Stock Buying Spree
After each round of QE the indices tanked EXCEPT for this very last one. So, despite EPS plummeting from the peak, and in the face of GDP cratering, the powers that be were not about to let QE3 unravel without a fight. Ergo…Let’s buy us some stocks! Quite the recovery! Central Planning doesn’t end well folks. Options are the only safe way to play the game in this, the most rigged of all markets.
Wayne
