Hi Everyone
The markets started to wobble as the S&P got dizzy from breaking its year highs. I’m thinking that this will be the start of some further wobbles as the market makes up its mind what to do next.
Behind the scenes there is the real issue of Quantitative Easing (QE). Let’s be clear. If the economy was strong we wouldn’t need QE. So it baffled me as to why the markets seemed to celebrate the Fed’s recent expansion of QE.
Here’s a video that explains QE in a rather humorous way – well worth watching.
http://www.youtube.com/watch?v=PTUY16CkS-k&feature=youtu.be
All the best
Guy
