I am simply saying that the Fed’s ongoing injection of liquidity (whether you agree with it or not) is an intangible that you should consider when trading…and a force that should not be argued with. It’s no coincidence that since Operation “Twist” (a.k.a. QE3) began on October 4, 2011, the market has gone straight up with little pause. As the saying goes: Don’t fight the Fed!
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