Global shares stabilise, try to shrug off U.S. tech rout scare

gained 0.6%, even as President Donald Trump on Monday ramped up his anti-Chinese rhetoric by again raising the idea of de-coupling the U.S. and Chinese economies.

While many market players were unable to pinpoint a single trigger for the Nasdaq’s sudden plunge, valuations have been stretched given its sharp 75% gain from a bottom hit in March. “The headline figures from Friday’s U.S. jobs data were pretty good, so that could lead to speculation policymakers may no longer be eager to dole out trillions of dollars to support the economy,” said Masahiko Loo, portfolio manager at AllianceBernstein.

Can we stop reporting this as if it has a basis in any reality other than fraudulent pumping of digits by the Fed? Zombie markets full of zombie corporations.

Nice story...

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