Concerted effort to boost financial stocks.

We wrote to you this morning about Italy talking about using their money (debt) to buy up their beleaguered bank stocks. We once wrote to you years ago and asked sarcastically “why don’t central banks just buy up the whole f—ing S&P? Well…now comes this:

By Nishant Kumar
(Bloomberg) — Central bank policy makers in Europe and
Japan may have to authorize the purchase of shares in lenders if
they want to boost economic growth, according to Man Group Plc
President Luke Ellis.
“What’s happening with the banks is causing the weakness in
economies, not the other way round,” Ellis said in a Bloomberg
Television interview Monday. “The starting point is the pressure
on the banks.”
Negative interest-rate policies being pursued by the
European Central Bank and the Bank of Japan are triggering
concern that policy makers are leaning too much on extraordinary
monetary policies in their attempts to fuel economic growth. The
BoJ surprised markets by adopting negative rates in January,
more than a year and a half after the ECB became the first major
institution of its kind to venture below zero.
“At some point, they will probably all end up buying shares
in banks to try to support them,” said Ellis, adding that
negative rates are “awful” for Japanese banks because they are
pressuring earnings.
Man Group, the world’s largest listed hedge-fund firm,
managed $78.7 billion at the end of 2015.

WHERE THE HELL IS THIS GOING TO END? THE MASSIVE MARKET DISTORTIONS CONTINUE!