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This Bank-Engineered Equity Rally

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DEPT. OF SMOKE, MIRRORS
According to a post on FTA this morning, the boutique investment house Moonraker Fund Management is "concerned" that banks may have been using their bailout money to buy equities, fuelling the summer rally. "The danger, they say, is that this is a relatively “thin” rally — and one which is vulnerable if banks suddenly decide to pull out and crystallise their gains."
SOURCE:   FT Alphaville

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