Markets have moved from fiction to pure fairy tale. As Bloomberg’s Simon Kennedy notes, in the last week we have seen Ed Yardeni cite “The Wizard of Oz”, International Monetary Fund Managing Director Christine Lagarde went with both “Alice in Wonderland” and Harry Potter, and Stephen King – the HSBC chief economist, not the author – trolled the fantasy aisle. All with a similar message – that despite the current weakness in global stocks – there is more room to fall…