[dmix]

> A shift to monetary easing and fiscal stimulus—and expectations of more to come—help explain why the rally began. But the longer it continues, the more it looks like irrational exuberance.

The spark that started it all?

This is crazy:

> Credit Suisse estimates that 6-9% of China’s market capitalisation is funded by credit, nearly five times the average in the rich world.

[phyalow]

Not to bad if you stand back and consider the entire US economy reflated only on the bullshit of the Fed!