Traders: Why Bill Gross is wrong on QE
Gross: 3 to 4 percent credit growth can’t produce
much more than 3-4 percent increases in asset prices.
No more QE's? No more bull markets.
...So, is Bill Gross right that bull markets will go away with a tapering of QE?
Talking Numbers asks two experts to tackle this question. John Stephenson, portfolio manager at First Asset Investment Management, looks at the market’s fundamentals. He says corporate earnings and the GDP have a lot more to do with where the market goes next. On the charts is Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson. He says there are technical indicators pointing to where the markets will most likely head next....MORE