F’ing lie, the most important driver of stock prices is QE.
Loopy lefties like to say that, but ofcourse while they say it they only believe it enough when it comes to spending other peoples (tax) money. When it comes to their own money they know full well that with QE stocks can go up, down, or stay the same. I mean, last week when the fed kept rates the same you what --bought into anything?
Not saying you're a liar though. You may be merely stupid mistaken.
From my chair it looks like stock earnings during this time really do not justify their high valuations as suggested by the equity indexes.
Btw, Yellin is still saying she anticipates an IR bump this year. anticipates.... hmmm
No, I didn’t buy in to anything, I am out of the market.
QE gives money to the banks, the banks in turn purchase stocks and commodities thereby moving prices up, as long as the QE money is flowing the prices stay inflated. Once in a while they have a selloff to reset the prices and lock in profits.
But my guess is you know this. A famous man once said, “ if the truth is on your side argue the truth, if the law is on your side argue the law, If neither is on your side yell, pound on the table and call them names.”
So by calling me names we see where you are in this discussion.