BMO’s Ablin: Liquidity From Fed, Others Will Likely Push Stocks Higher

“While worries about the U.S. economy and the Iraq conflict may have weighed on stocks in recent sessions, Jack Ablin, chief investment officer at BMO Private Bank, believes the market can resume its ascent.

“Up ’til now, most geopolitical developments, namely Crimea and Ukraine, have had very little impact on the U.S., but now because Iraq and oil are involved — oil prices rising with the potential for higher pump prices crimping demand — that is starting to spill over into the markets,” Ablin told Yahoo.

“Even though we have these issues and the market is relatively expensive, we have an enormous amount of liquidity flowing into the market,” he stated….”

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