QE is idiocy--takes money out of savers pockets, and weakens economy. The banks aren't lending, so QE does no good.
Plus there will be h*ll to pay as dollar weakens and prices rise--will hurt poor badly.
1. Reduces incomes of savers, so they spend less.
2. raises prices for poor and middle class people since prices go up when dollar is devalued. Inflation will become severe when velocity of money picks up.
3. Doesn't help economy much, because banks aren't lending with all the newly created QE money.
4. Will ultimately lead to a currency war and/or dollar devaluation.
James Grant and Bill Gross are correct--QE is a COMPLETE FAILURE! Let interest rates be determined by the market, NOT central planners!
"lackluster potential". $150 here we come. Overvalued imho.
Just fresh off the press. Market doesn't like it. Value Line is influential. "Remain on sidelines" & "lackluster (Amazon) potential" carrys weight.
A couple of responses to your idiotic post: Seniors paid into Social Sec. & medicare for years, as you are doing. It is owed to them, and will be owed to you when you retire. Second, low int. rates are doing very little to help the economy, beyoond housing. Banks are still not lending. low rates hurt saver incomes, young as well as old. STOP BASHING RETIRED PEOPLE--MY PARENTS NEED SOCIAL SEC!
Down to $100-105 area in my opinion. been a heck of a good run. Now a bit of a breather in late Mar-may period probably in financials, including RE.
This was in the latest edition, received after market closed Fri. Not good for bulls.
"lackluster appreciation potential". here we go, down to $160!
Value Line sex don't buy--lackluster appreciation potential. $160 here we come.
50 day moving average has been penetrated. 200 day may be next.
If it breaks $205, $170 support next stop.