[quote=joec]Generally, I tend to think it’s not as gloom as doom as some of the other posters here, but the idea that the Bank of Japan is just going to throw money at stocks to stimulate the economy sounds a bit strange/scary…
If earnings collapse or slow and governments are buying in “just because”, it seems like this is a last gasp of the market.
There’s no reason to buy, just that the government needs to buy to make the price go up higher…seems like pushing on a string/trying too hard.[/quote]
But this is exactly what we’ve been doing over here for years, whether directly or indirectly. How much of our “growth” in recent years is simply due to the Fed’s machinations? I would argue that most of it is, in one way or another. And, yes, it is scary.
