What a wild ride this October. As the Fed will meet the 28/29 October it has the potential not to be finished yet.
The markets made a comeback, but we are not at safety levels yet.
If you look back you find the issue with this market.
The market was expecting the FED to taper the Quantitative Easing and the European Central Bank to help fill the void.
Due to the German opposition this did not happen and the market crashed.
Then last week the Federal Reserve, Bank of Japan and Central European Bank hinted at possible intervention and the market started rallying again.
As I always say like a drug addict.
The issue with drug addicts is that, unless they get off the drugs, they die.
The various Reserve Banks cannot expand their balance sheet forever and intervene forever.
They will have to stop soon or later.
The idea is that the politicians make enough changes to make the economy good enough to take away the addiction.
Until now that second part has failed.
investorpolitico 