Oct

14

I have yet to see/hear/read about an investor who believes that QE will change the fundamentals other than inflation, but that's probably because I only watch CNBC sporadically. The reason it seems to be a positive for the market is (a) the self-perpetuating belief that you can't fight the Fed (b) somehow all this inflation is likely to be positive for stock prices (c) they will do whatever it takes to prop up the market until the election and see (a) for the conclusion.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search