Million or billion?
I know they’re pumping a lot in, and it’s disconcerting. This isn’t a bull market. It’s a bull “stuff” market.
I honestly feel the same way. I took everything out when I had a small profit from the losses I had from 2008. I have been long in fixed income. I will be happy to invest when profits from actual enterprise are greater than those found by gaming the market . Once the trillion dollar a year government buy stops, I can only imagine what the DOW will be. I think below 10,000 isn’t unimaginable.
That 85 (now 60 or less) billion or month is more or less what’s keeping the stock market up. Food stamps keep the poor folks from getting antsy, a fat stock is used for the rich folks.