Global central banks yesterday revealed plans to improve liquidity. These new measures will provide some relief to the European crisis but its by no means a solution. As with all these liquidity efforts the public are led to believe the measures are aimed at helping the supply of credit to households and businesses but in reality most of the liquidity will end up in the stock market. In effect another short term fix to prevent stock markets sliding further. So in the short term the FTSE will go higher and the trend has turned up.
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