Friday, October 8, 2010

QE Rally

I think this is the first time I've seen an article on QE rally centered on the notion that the markets will go up regardless of what the economy does. It's not that the "double dip" concerns were fading that fueled the markets, it's been the devaluation of the dollar.

Basically, the market seems to be expecting a Zimbawe like market where the GDP was cut in half but the markets rallied because of the worthless Zimbabwean Dollar.

This whole thing is going to end bad..

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