Markets Gone Mad

Whitney, Mike
http://www.counterpunch.org/2015/09/25/markets-gone-mad/

Publisher:  CounterPunch
Date Written:  25/09/2015
Year Published:  2015  
Resource Type:  Article
Cx Number:  CX18004

Until recently, stocks had been on a tear that pushed valuations into the stratosphere. Volatility stayed low because Bernanke's easy money and QE made investors more placid, serene and mellow. They ventured further out on the risk curve and took more chances because they were convinced that the Fed "had their back" and that there was nothing to worry about. Then things began to fall apart.

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