Fred Hickey, the outspoken editor of the widely-read investing newsletter 'The High-Tech Strategist', says this won't work well for long.
"By the end of this year or by the start of next year, without QE, the market is going down", says the sharply thinking contrarian.
view, especially the outlook for semiconductor makers like Intel is gloomy.
As protection against the upcoming crash he
recommends investments in gold and in gold mining stocks.
, after the short setback in October the hunt for new records at the stock market is on once again.
What's your take on the current situation?
We are living in an aberrational world.
It's all driven by an orgy of money printing.
All the major central banks are engaged in this.
From the Federal Reserve in the United States to the ECB, to the Bank of England
and the National Bank of Switzerland
to the Bank of Japan and the People's Bank of China