'QE4ever' will help drive stocks to new highs post-coronavirus crisis, long-time bull Ed Yardeni predicts (via TradingNation)
Long-time bull Edward Yardeni believes the Federal Reserve's coronavirus policies are already providing a boost to stocks and putting them on track for a record 2021.
"If we have another opportunity for any downside, I think you'll see more re-balancing which very much reduces the likelihood that we'll be able to get back to the March 23 lows," he said. " he noted. "I'm not going to get too cute about it. I think we're still going to be around this level by year-end."
"It seems a little out of place to talk about a new high when obviously the economic indicators are horrible. But the market does look forward," he said. "Sometime next year, maybe by the end of next year, we'll be moving toward 3,500. We got as high as 3,300 back in February."
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