More quantitative easing means bubbles are back

Clients sitting in on the teleconference of one large bank yesterday morning were slightly surprised at the frankness of the bank's message, following Ben Bernanke's announcement overnight in the US of a resumption of quantitative easing. The message was simple and to the point: "Please close your eyes and buy. Thanks Bernanke." This simple takeaway was then passed on throughout the market, to become the message of the day.

via Business feed http://www.scmp.com/business/article/1037182/more-quantitative-easing-means-bubbles-are-back