Seems that anyone who has been following the actual economy and not the government propaganda reports expected the stock market to fall. Their view of the economy just doesn’t support such lofty valuations of companies.
Yesterday, the market started off way down and talking points from Fed members said they would continue pumping and the market recovered. Today, the market got a shot in the arm due to the ECB saying it would begin asset purchases in the next few days.
Can someone explain to me how having the central banks load up their balance sheets is a good idea?
