How Central Bankers Blew Up the World
"Shares worldwide added more than $2.2 trillion in value since Aug.7, according to data compiled by Bloomberg. Optimism that central banks will support economic growth sent the MSCI All-Country World Index up 3.8% from its low this month. The S&P 500 has risen for 10 of the last 13 days and the Nasdaq Composite Index is about 10% from an all-time high."
"[S]aid Patrick Spencer, head of US equity sales at Robert W. Baird & Co. in London, 'Draghi gave clear indication that he's standing ready with further measures to stimulate growth and that's helping overall sentiment'..."