Central banks have averted short term disaster and bought time for policy makers to put in place a way to spread the losses out over time rather than take them all in one hit.
Have those policies been put in place or are they merely blowing another bubble?
Will the Smart money rotate out of Yield into Resources and will the crowd follow late - Don't know - I am the stupid money and I am here early setting out chairs and putting up decorations, trying not to make things dirty with my bleeding fingers.
