Wednesday, June 22, 2011
QE3 Based on S&P
Bernanke is a stock jockey. He won't admit it, but he looks at the S&P, Russell, and the Dow like a hawk. He will provide support at 1228. Rumors of QE3 should emerge around 1228 and if we do somehow break 1200, watch for the Bernanke led PPT to hold the fort. We will not see S&P under 1000 in our lifetimes with Banana Ben at the helm.
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5 comments:
I believe we might see SNP under 1000 this summer. And, definitely in our lifetimes.
Only if Bernanke is fired.
fed basicaly said economy doomed until they have reason for qe3 - transitory soft patch
Bernanke and prior fed chiefs have tried to make everyone believe they have power over the markets. I do not think so. The market does what it does. The fed are just part of the crowd.
i believe bernanke will step down soon.
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