Some Very Famous Investors Need To Learn Not To Fight The Fed

There is a famous saying which says ‘Do Not Fight the Fed.’ Many investors are taking that idea to heart, at least in one way…. Central bankers have been on a money printing spree. In Japan, they expanded monetary easing by ¥10 trillion. In the U.K., the Bank of England monetized another £50 billion of gilts. ECB President Mario Draghi promised “unlimited” bond buying, and the Swiss are committed to putting a floor under the Franc through unlimited purchases of Euros and other assets. David Einhorn of Greenlight Capital in his Q3 letter  to investors. If Chairman Bernanke is setting distant and hard-to-achieve benchmarks for when…