Race To The Bottom Of The Stupid Bin

You have to wonder how much longer Wall Street’s incorrigible dip-buyers can deny the obvious.

The Fed and its global convoy of central banks have flat-out ruined financial markets. The latter have become, in fact, an unstable, unpredictable roller-derby divorced from the main street economy and uncoupled from the financial fundamentals.

Accordingly, the only remaining tools of navigation in the stock market are the fickle lodestar of momentum-chasing and the eternal hope for yet another round of monetary stimulus.