BRIAN BELSKI: 'QE Is Like Giving Crack To A Cocaine Addict'

brian belski oppenheimer strategistBrian Belski

Photo: Bloomberg

In terms of stocks, Brian Belski, chief investment officer at BMO Capital, says “QE is like giving crack to a cocaine addict.”Belski looks at QE more as a stopgap solution that more-or-less just delays the inevitable. He expects a bump at the start of the next round of quantitative easing, but not a lasting improvement in stocks.

“We are consumed with this free money, so we think the market will rally up as much as 20% let’s say, and then the slow fade after that. All QE3 does is elongate the inevitable. What’s the inevitable? The United States is going to need to sell all of this paper that it has been accumulating.”

See Also – Brian Belski’s 14 Big Risks For The Market >

 

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