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.
Made sense and I was willing to think so, but now it looks like we're in guilty of name calling Cit. ;) Don't get me wrong as I realize that this is a passionate issue so it is good we got into it and rechecked the record.