Fed is fighting the wrong war

Fed is likely to do QE again to fight the potential deflation. But in reality, there is no deflation in U.S. It is likely to monetize the debt and shake the confidence in U.S. currency. The QE may temporary force money to riskier assets and create some bubbles on the way.

I am cautious on the market, especially Canadian market. I would buy HXD (shorting TSX) @11.65.