Heads Spin: It Must Be a Bull Market

Photograph by Anthony Arciero/Gallery Stock

“There’s just a positive tone to the market in part because recent lackluster economic trends have reinforced investors’ belief that the Federal Reserve will continue to press on the gas pedal. It’s just further evidence that this rally has been a highly caffeinated rally courtesy of global central banks, and their quantitative easing plans will continue.”
—Chad Morganlander, Stifel Nicolaus & Co., in Matthew Brown and Whitney Kisling: S&P 500 Index Rises to Record While Euro Gains With Italy Bonds, Bloomberg News, April 29, 2013

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