Forget international capital flows, forget central banks (even though the world’s reaction to the ECB enacting such an extreme policy – QE- this far down the ‘recovery’ raises questions about the entire false state of the world), and forget positioning… Rick Santelli – stunned at the disconnect between stocks and bonds off the February lows… says there is only one number that matters for lower rates – Nasdaq 3996.
via Zero Hedge http://ift.tt/1sM4yWg Tyler Durden