Because if one hopes hard enough, and if the liquidity capital misallocation tsunami doesn't destroy everything in its path (remember CapEx? neither do we) maybe, just maybe, the fifth, or sixth, or seventh time will be the charm and/or different.
Gross: Central bank credit & hope for real growth drive risk markets. Both must continue to support current prices.
— PIMCO (@PIMCO) May 8, 2013 [4]