by Jordan Roy-Byrne, CMT
In the wake of the Fed’s announcement of open-ended or as I like to call it, permanent quantitative (QE) easing, mainstream advisors and pundits have found another way to promote stocks. Recently I heard one popular media pundit say based on QE buy stocks but not gold stocks. Also, pundits are instructing followers to buy Apple based on QE. What nonsense. This stuff practically writes itself. Next, when inflation takes hold we’ll hear about how stocks are an inflation hedge. The reality is the cyclical bull market in equities is approaching its end and will give way to the bull market in Gold and gold stocks which is set to move into the recognition phase.