But not the way you think:

While he’s negative on US assets — he says he’s gotten rid of all of his dollars, for the most part — he advises against shorting this market.

It’s a bear market rally. I was going to say I don’t think S&P 500 will see new highs. But I have to quickly temper that by saying against the dollar because the S&P 500 could triple from here if they print enough money and the value of the US dollar collapses, then S&P could go to 50,000, Dow Jones can go to 1,000,000. Which is one reason why I am not shorting stocks right now. Because there is a possibility of this sort of a thing. There is a possibility that stocks could go through unheard of levels, but would be in worthless currency.

My comment: If the FED prints enough money the commodity and stock markets will rise. At first people will think this is good but as the inflation continues to rise the price of goods begins to increase faster then the markets as the currency becomes worthless. Of course it is a nightmare to run a business in this situation as no forward planning can be made as the currency devalues. This exacerbates the problem because even fewer goods are produced thereby contributing to further price increases. It is a very dangerous game the FED and the government are playing.

John Polomny
The Real Deal