Wall street always trys to day trade mARKETS BACK. Reality is everyone should of sold bhy now or out . They need to be out of markets completely at these prices. Never seen such greed buying binge. No fundamentals at work. Thats why it has started with Japan after their massive buying spree on same just game money printing only. Fundamentals dontv support any of these massive upside gains here or world wide.
I agree with you, QE equals devaluation of the dollar, because you quit doesn't take away the devaluation that already occurred, The fundamentals the market is trading on is that the dollar is worth less so it takes more to buy the stock. Because they quit devaluing the dollar should also be bullish because then the economy must be getting better. Either way the market should continue its upward trend. either because of devaluation or a better economy. Only if the economy worsens and they quit QE are we really going to see a downtrend. I don't see Bernanke admitting that QE was wrong that easy.