From Michael Chadwick, CEO of Chadwick Financial, in an interview on CNBC:
At this point not much matters apart from central banker comments, QE, and political promises… I wanna know about valuations, I worry about the consumer; this feels a lot like 1999 to me.
We have to wonder, are the central banks working together; our QE ends one day; Japan QE ramps up the next – you gotta wonder?
Right now the world is a very vulnerable place… we are in the midst of a big bubble that will – down the line – be referred to as “The QE Bubble”
http://www.zerohedge.com/news/2014-11-01/feels-lot-1999-beware-qe-bubble
The cynical amongst us don’t wonder if central banks are working together, we take it as a given. The Japanese stepped up to the plate Friday, announcing its central bank would increase its quantitative easing asset monetization via balance sheet expansion as the Federal Reserve ended its latest program. World equity markets took flight. Why doesn’t the central bank cabal just get it over with and buy up every single piece of paper in the entire world? Dow 100,000 and economic nirvana!
