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What is a Megaphone Top Pattern - More importantly - What does it mean?
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[QUOTE]Originally posted by glassman: [QB] the Mother of all bubles? yeah this is it- [i]Did the “central banks’ central bank” just call for a stock-market collapse? By NotQuant on June 30, 2014 in BIS, Central Banks, Federal Reserve, IMF, Monetary Policy Don’t look now, but the Bank for International Settlements (BIS), which is often referred to as the “central banks’ central bank”, just advised the world’s central banks to stage a market collapse now rather than later. “Financial markets have been exuberant over the past year, at least in advanced economies, dancing mainly to the tune of central bank decisions. … Growth has disappointed even as financial markets have roared: The transmission chain seems to be badly impaired. … Over time, policies lose their effectiveness and may end up fostering the very conditions they seek to prevent”. “Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” … “The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.” [/i] http://notquant.com/did-the-bis-just-call-for-a-collapse/ [/QB][/QUOTE]
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