QE that is. The SPX is up 45 points or 3.4% since Tuesday morning.
Commodities, commodities, commodities. Higher prices will be a great demand enhancer!
Remember, QE helps only financial assets and nothing else. So buy until it doesn’t work, then run.
And GDP? It will be up .5% next quarter with the market at new yearly highs. #TIMESTAMP
2 Responses to MAGIC
So what’s your call for next week? Do we get more QE or not? I watched NBR this evening and was shocked to see Susie Gharib close out the show excitedly with “investors all over the world are going to be waiting on the edge of their seats to see if we get some kind of action to boost the stock markets even more!” I don’t know what kind of world we live in anymore – this is printing to prosperity and it appears to be working for the fourth year now.
Why haven’t they retired her already?