John Hussman Thinks Quantitative Easing (QE) is Priced In

John Hussman who runs the Hussman Funds thinks QE is priced in.
"My impression is that much or all of the potential upside of quantitative easing is already fully reflected in stock, bond and commodities markets. Investors now rely not only on QE itself, but also on its success. This is a dangerous place to be." [read his full report at (The Recklessness of Quantitative Easing)