Tuesday, December 13, 2011
QE3 Coming Soon
The Fed can't help themselves. They have to print lots of money or they feel like they aren't doing their jobs. We are going to get QE3 sometime next year, the Fed is setting up the markets to get ready for it. Everything is telegraphed, the media is used to tell all future policy moves. It is obvious, they keep printing money until Banana Ben gets fired. Just had rumors of Fed going to QE3 and oil spikes $2 in minutes on the news. The market loves all this free money. Why not, look what happened after QE2, we went up 200 points over the next 6 months.
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5 comments:
The reason for oil spiking was the rumour of Iran closing the strait of Hormuz..now proving to be false..
OPEC meeting tomorrow, basically short covering ahead of that and Iran rumors and QE3 rumors.
owl what kind of reaction if/when europe credit gets downgraded?
A non issue?
Most are expecting it, so I don't really see it doing much. The euro is looking like a buy around 1.30. I don't see the dollar able to sustain much more strength with the fiscal and monetary easiness of the USA.
Market Owl: Why do you look more like a hawk, falcon or eagle?!
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