MLR - Don't fight the fed
Lately, it has been the bullish effects quantitative easing (QE) in all its forms both in the U.S. and abroad vs. the bearish worries out of Europe (and sometimes China). Notwithstanding the flash crash in May 2010 and the severe downturn in August 2011, both periods which were followed by backing and filling before the general market started trending again, QE seems to be winning. Of course, we will get new, minor knee-jerk, downside reactions in the general market as it climbs the wall of worry, and potentially deeper corrections such as the two shown below, both from which the Market Direction Model caught and profited.
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