There is a saying that a picture speaks a thousand words. As a chartist I can tell you that there is nothing more that is further than the truth.
I get about 10 emails a week, and since 2010 many bears laughed at my bullish charts, and told me I was crazy if I think the market was going higher! I told them at the time, to put down the crack pipe and have a look at what the fed was doing.
Below is an updated chart virtually perfect correlation between Fed asset purchases and what the stock market has been doing. It is a perfect graphic representation of what you SHOULD NOT fight the fed.
As you can see the massive QE purchases has done 2 things.
1) Sent the market skidding up higher.
2) Hurt the bears who were top calling every few months.
|Should You Fight The Fed|
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