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Thursday, December 23, 2010

Best Time to Buy Stocks

The woman who predicted the 1987 stock market crash says now is the best time to buy stocks that she has seen in decades...

"In Japan, after they implemented QE1 [quantitative easing], and they did it with aggression, the stock market [Nikkei] went up 50 percent. The second time they did it with aggression, like we're [U.S.] doing it, the stock market went up 80 percent. When they stopped QE, the stock market went down 50 percent," she said.

"QE does help the stock market, doesn't always help the economy," she said... http://www.cnbc.com/id/40782095

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