Echoing the less than exuberant credit market and confirming Jeff Gundlach's (and former Fed President Dick Fisher), infamous short-seller Muddy Waters' Carson Block told Reuters that the recent rally in the U.S. stock market feels like a "dead cat bounce."
"I would say that this does feel like it is a dead cat bounce because how much more ammunition really do policymakers have?"
It seems the market was listening...
Will 1980 hold up again?