Looks like they’ve found a place to put all that QE money.
Buy high, sell low...
And yes, since the Fed can create trillions at the push of a button....and give it to the banks, small wonder the DOW is at a record high...same thing happened in Zimbabwee’s stock market, Wiemar Republic Germany too.
Yep, it’s the QE money that’s driving the stock market. I’ve been resisting going into the market as I am very pessimistic regarding the long term economic prospects. Hey, what the heck - why fight the current?
I know of a financial advisory service which is bearish right now. Among the factors which it cites for this stance is “QE1, large budget deficits, QE2, congressional stalemate, long-term outlook for Social Security, QE3, long-term outlook for Medicare, regulatory outlook, Obamacare, QE-infinity.”
QE-infinity...