With the VIX at lows, and central banks across the globe printing money at breakneck pace, it seems a great time to be long equities. Not that I think this is good for the long run, but for at least a couple years this should be great for equities.
Specifically, Apple (NASDAQ:AAPL) has decline 25% from its peak in September, probably due to investors with large gains taking their capital gains before 2013 when such capital gains rates will go up.
Given so many interest groups have an interest in asset prices rising, and the central banks across the world have this as their priority, I think once banks get some of their final legacy lawsuits off their backs they will start lending again, M2 will explode, and prices will rise. First in assets.
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