Thursday, August 9, 2012

Rosie Agrees: The Market Cheers Bad News, Because That Means More Stimulus Is Coming

Here's Rosie:


It's gotten to the point, he said, where the market actually cheers bad news . . ..

"We're back to the situation where for the stock market bad news is good news, because the good news is that we're going to get more gobs of stimulus to push asset prices higher at least over the near term," he said. "That's a driving factor behind this recovery that we've seen in the stock markets globally in the past month or so."