Jan. 30 (Bloomberg) -- In recent years, a grand disconnect
has opened between economies around the world, which are growing
anemically if at all, and the bullishness of investors who only
care that central banks are willing to continue shoveling out
liquidity.
“Don’t fight the Fed” is the rallying cry, especially among
equity bulls. And for 2012, at least the latter part, they were
right. Almost every major stock market rose: in the U.S., U.K.,
Europe -- even Greece -- Japan, China, Australia and Canada.
