Update: we have isolated the reason for the ramp. The latest stop hunt in the Stalingrad & Poorski 471 is attributed to the Chinese finance minister Lou who said that China H1 growth will be slower than 7.7%. Remember: the faster the global economy goes to hell in a handbasket, the faster global equities hit infinity.
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Whoever said perfectly broken and centrally-planned markets were boring.
In this space we would normally insert a chart of the S&P500 here but that would just be waste of NSA spy server space: just imagine a flat line and then a sudden vertical spike higher to new all time record highs on absolutely no news.
Some attribute the rapid move to a rumor that Hilsenrath will release an article explaining what Hilsenrath said on TV earlier today. Most, however, just don't care anymore.
What is there to comment: the house of cards will keep rising until there is a gust of wind.