As you may know it is widely hypothesized that quantitative easing has contributed to the rise in asset prices the past couple years. Here is that in pictures.
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I think in the near-term any QE3 would probably more than likely continue to lift assets. I find now that getting a grasp on major economic trends locally and globally can make industry and equity selection much easier as well. As any QE continues stocks and commodities will rise especially metals like gold and silver. Same dance, only a new song.