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<p>[QUOTE=&quot;mikem2000, post: 1838496, member: 30574&quot;]No, of course not, the economy was in shambles, credit was locked up, we needed loose money policies to get us through a very tough time.&nbsp; What you need to understand though, QE and low rates only affected the equites market indirectly.&nbsp; The easy money gave the corps a better environment to earn money, but make no mistake about, it was the earnings that put the stock market where it is.&nbsp; As I said earlier, stocks are fairly valued if you value them by historical price to earnings ratio</p><p><br /></p><p><br /></p><p><br /></p><p>Way too simple a view.&nbsp; QE should not be viewed as bad or good, but more as needed or not needed and how it effects the investing landscape. There are positives and negatives to easy money.&nbsp; The policies in place at a particular time should just be viewed as one piece of the puzzle for your investment decisions.&nbsp; Make no mistake about it, if QE was not sucessful and drove inflation upwards, PM prices would have soared, so you just cannot say QE was bad for PM.&nbsp; It could have went the other way also.</p><p><br /></p><p>In addition, this round of easy money really didn&#039;t kill the PM market.&nbsp; PM&#039;s were driven way above fair value by fear.&nbsp; So far all it did was was bring PM&#039;s back down to near fair value.&nbsp; This was eventually going to happen anyway.&nbsp; A commodity can have wild swings, but for the long term, it will track the cost of production.</p><p><br /></p><p><br /></p><p><br /></p><p>EARNINGS BABY EARNING!!!!!</p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp;I am not what your point is about bank stocks being lower.&nbsp; I am sure it is true but so what? We are where we are.&nbsp; I guess what confuses me is if you really understood how this all works, why didn&#039;t you just load up on bank stocks?</p><p><br /></p><p>Now lets talk about this crash you seem certain is going to happen.&nbsp; The first thing is if you are certain about this, you should be dancing a jig since it is a sure fire way to a path of riches.&nbsp; All you need to do is invest everything and buy puts on an S&amp;P index ETF and when the crash comes, Bingo, overnight multi-millionaire.</p><p><br /></p><p>Now personally, I see a problem with this. This is not the Feds first Rodeo,</p><p>If you are making a bet that the market will crash when the FED tightens, well, that is simply not what history tells us will happen.&nbsp; History in fact tells us in a tightening environment, the ride gets a bit bumpy, but equities do power upward, but hey if you know better, go for it.</p><p><br /></p><p>As far as you last point about about loose money only being good for the big fish, well that is ridiculous.&nbsp; If you had enough money for PM&#039;s you had enough money for a nice ETF and could have enjoyed the stellar run up just like the big fish.[/QUOTE]</p><p><br /></p>

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