Kass: Loosen the Parse Strings

The problem with this parsing is that history shows (QE1 and QE2) that the aforementioned positive impact is simply not guaranteed and not founded in fact.

The bottom line is that conformational bias on the part of bulls and bears remains a cloud over analysis.

When you are hit with these certain truths, it is up to the individual investor to take these conclusions with a grain of salt and to independently analyze the facts.