by Puru Saxena, Gold Seek:
BIG PICTURE – After several years, the Federal Reserve has passed the QE baton to the European Central Bank (ECB) and this should extend the ongoing bull-market in common stocks. You will recall that throughout last year, we were expecting the ECB to unleash a full-scale bond buying program and Mr. Draghi’s recent decision has validated our view.
If our assessment is correct, the ongoing QE initiative will assist common stocks and probably ensure the continuation of the primary uptrend until at least September 2016. At that point, if the ECB decides to extend its bond buying program, the bull-market may get another lease of life!
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