it is common to see a sharp rebound after a sharp fall as...

it is common to see a sharp rebound after a sharp fall as we've seen since march. but it's also common to see a steady decline back to test the previous lows or even lower over time. that is the game played by the central banks as part of the wealth transfer effect.

that means lower lows and lower highs despite the fed committing to indefinite and unlimited QE, it won't fix the underlying structural problems in the economy.

soon the two will intersect and there'll be a massive deflationary move in all asset classes.