After a volatile start to 2012, equity markets have staged a prolonged rally in recent weeks.
The €1trn in cheap loans provided by the ECB since December is expected to be only the start of a wave of liquidity measures that store up problems for the eurozone.
Quantitative easing will not lift the UK out of its economic slump, as monetary stimulus in a financial downturn is ‘like stuffing cash into a black hole', said Eden's Leigh Himsworth.
Marlborough's Giles Hargreave has reversed his notoriously bearish stance on equity markets for the first time since 2008, telling investors now is the time to be fully invested.