ML-Implode News - Norcini: Massive Worldwide Inflation Going All Into Stocks... For Now

Even the notion of "Sell in May and go away" has been short-circuited by the paper money alchemists as the combination of $85 billion from the Fed, and $74 billion from the Bank of Japan each and every month, is overwhelming anything that gets in the way of slowing down the daily record setting run in stocks.
Bad news has become a reason to expect a longer duration of QE efforts and thus a reason to buy stocks, while good news is a reason to buy stocks in anticipation of yet even stronger economic growth.Â In short, it is a "no-lose-scenario" for hedge funds. Â This is precisely what the central planners wanted when they concocted this "print your way to prosperity" scheme.

Given that environment, investors have to understand this situation is completely and utterly dependent on central bank liquidity injections for success.Â Why would anyone give up a sure bet and even remotely consider gold miners in this situation?Â Safe haven?Â Who needs a "haven" if they believe there is no storm?

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Norcini: Massive Worldwide Inflation Going All Into Stocks... For Now