Financialization’s magical mystery tour

A world where some algo-jigged financial assets trade in a highly levered world of their own dreaming, while real economy staples crash. No need for revenue growth, or organic profit growth, or customers, or realistic present valuations of future cash flows. Welcome to the Fed-induced magical mystery tour. Only a problem of course when the dream crashes once more, and it becomes apparent that emergency help no longer exists.

S&P decouples chart March 9 2015

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