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Thursday, March 28, 2024

Friday Humor: How Is The “Buy Everything That Isn’t Nailed Down” QE3 Trade Going?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It’s been a mere seven weeks since the CNBC’ers announced to the world that every widow, orphan, and pet-monkey should buy the market with both hands and feet as Bernanke just opened the gates. The exact phrase on the evening of QEternity was:

Buy everything that’s not nailed down… as bearish as I want to be, you cannot fight the Fed. You buy everything. Buy copper, which i did today, FCX which i mentioned last night. Anything else? Emerging markets! everything! Just buy it. Buy it all. You never have to short again. Buy it. I had a guy call me today trying to sell me research on the short side, and I said I’m sorry, I think you’re going to go out of business. You shouldn’t short anymore.”

From QE3…

and from Monday: “Market Going Up No Matter Who Wins”… “as long as Wednesday mornig, we have a winner, market is going up… it’s just uncertainty!” oh dear…

Things haven’t quite gone as planned…

US Equity performance post-QE (and the post-election plunge at right)…

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