Even Weak Dollar Can't

Save this ship.  It is the Titanic.  A truly bearish market.  Bull hopes ride on QE3 and Europeans patching together some plan or ECB bond buying/LTRO.  It is the same playbook that doesn't fix the problem.  It just moneys over everything to soothe the market's tantrums.  A QE3 rally when it happens will end much more quickly than the QE2 rally.  Unless they print Ts not Bs.  Yes, trillions.  600B will not get the job done this time.  They'll need at least 2T.  The global economy is much weaker now than in 2010.  And stock prices (in the US anyway) are much higher.  We are eventually going to head much lower in the fall.  And it will keep going lower into 2013.  Unless they print at least 2 Trillion of QE.  I don't think they'll do that much unless we crash.