The most hated stock market rally still has room left to become truly despised, according to Martin Armstrong. Armstrong is an economic forecaster, former hedge fund manager, monetary and foreign exchange currency expert and a deep student of history. He has advised central banks, powerful political leaders, and has testified before Congressional committees on economic cycles and monetary and currency issues. At present, he is extremely concerned about the gross distortions central bank policies have had on the global economy. Excess liquidity has caused asset prices to become recklessly inflated while enabling otherwise-doomed companies to persist by feeding off of the cheap and plentiful capital.