European stocks rallied at the start of trading on Wednesday – Investing.com
What’s the correct multiple when the Fed stirs up inflation and says it won’t withdraw its accommodations? What price should stocks bear in a world of ZIRP and QE-4-ever? It’s very hard to say: the usual pattern for judging wealth or poor valuation of stocks – using interest rates and earnings – is no longer matching the reality of unlimited support. central banks. How do you get the right…