The faith in central bankers is about to be severely tested....

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    The faith in central bankers is about to be severely tested.

    Near-term, the recent selloff in markets has pundits claiming it's a great buying opportunity. Virtually no one believes it's the start of a bear market. This makes the probability high that the current bounce is a suckers rally. A fall below last weeks lows in major markets would confirm the resumption of a burgeoning bear market. One that will test everyone's faith in the omnipotence of central banks.
 
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