bigjig12

Historically, this period in fed policy mirrors almost exactly what the federal reserve did in the 1930s with the gold stock. This time, they are calling it QE. When the fed backed off of gold stock accommodation leading up to 1937, the market corrected 60 percent. What kind of reaction do you expect to see at the end of QE3?

The consensus every year since 2009 has been later half 'strength" gdp has been remarkably weak during the recovery. If we have another miss of latter half strength, do you expect fundamentals to meaningfully lead to a correction, or has the sea of liquidity put in a floor under markets that cannot be broken?