In a world where instant gratification can’t seem to come fast enough, equity markets responded right on cue when central banks around the world once again provided massive liquidity to the world financial system.  In the U.S., the Fed continued Operation Twist, and since 2008, has now pumped $2 trillion into the financial system.  The Bank of England added an additional $80 billion to its program of quantitative easing, and the Bank of Japan expanded its asset purchase program to $784 billion, targeted to complete at the end of this year...