“This rally is all bull” says Alan Kohler

Alan Kohler at the Business Spectator writes:

The stockmarket rally is now being driven by the same force that set up the excesses that led to the bust in the first place – an abundance of liquidity.

The world is awash with government money, both central bank “quantitative easing” (money printing) and budgetary stimulus, and this is, in turn, driving a re-run of the hedge fund speculation that popped the market in 2007.

What do you think? Is there more turbulence ahead? Or is the worst behind us now?

Read Alan’s complete article at http://www.businessspectator.com.au