Japan Treats Market With Enormous Stimulus

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It's no trick; Bank of Japan (BoJ) announced an enormous expansion to their monetary easing policy sending the Nikkei up 4.83 percent. It is spurring a global market rally and we may reach a new 52-week high today in the S&P 500. So much for a spooky October! Meanwhile, third quarter corporate earnings growth is 9.3 perecnt with seventy percent reported. Please see Voya Global Perspectives “Effective Diversification: 2014 Edition” discussing the “Folly of Gaming Diversification” for investors who were spooked in October.

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