No buybacks allowed or dared? Then wave goodbye to stock market gains

By Ramin Mazaheri for the Saker Blog High-finance-dissident site ZeroHedge retweeted this: “Everything that is wrong with America, in one image.” Indeed, but it’s old news: not adding strings to Quantitative Easing totally untethered Western stocks from market fundamentals. That certainly shouldn’t be old news to The New York Times, who addressed this same issue with Everything Is Awful. So Why Is the Stock Market Booming? They incredibly concluded their