Central bank action seems less likely in the short-run.
A key risk-on ratio looks similar to past stock market peaks.
Unless Ben Bernanke can spark some renewed interest in risk assets, selling pressure could continue. Below we outline our concerns and what we will be watching [...]
Source: http://ciovaccocapital.com/wordpress/index.php/stock-market-us/have-stocks-put-in-no-qe-top/
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