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The general consensus is that they'll continue until at least April. Great for stocks, but this sucker is getting reall frothy. That said you can't fight the Fed. Geez, who knows but they might continue QE forever. The recovery once you leave Wall Street, is so weak that it can't withstand any kind of negative and the overall economy is still mired in the sewer.
I raised a little cash last week and also took a nice tax loss on a Michigan muni bond fund. I'll buy something similar back. Wanted to have some cash on hand to be able to take advantage of anything interesting.
Comments
The general consensus is that they'll continue until at least April. Great for stocks, but this sucker is getting reall frothy. That said you can't fight the Fed. Geez, who knows but they might continue QE forever. The recovery once you leave Wall Street, is so weak that it can't withstand any kind of negative and the overall economy is still mired in the sewer.
I raised a little cash last week and also took a nice tax loss on a Michigan muni bond fund. I'll buy something similar back. Wanted to have some cash on hand to be able to take advantage of anything interesting.
take care,
peace,
rono