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The chumps on the Senate committee will give Ben Bernanke an easy ride.
Unfortunately, the preconditions for QE3 do not and will not exist if the market continues to price it in. I see no signs of the "deflationary pressures" that would warrant the Fed to continue with another round of quantitative easing. There were so many conditions attached to the mere consideration of another round of quantitative easing (one among 3 weapons that the Fed has, maybe not the one they will choose). Unfortunately, it is highly unlikely that any of those conditions will be met to warrant another round. Market bulls screaming "buy everything, risk on!" on CNBC are absolutely crazy.
maybe so, slaughterer.
but if you bought at the beginning of this push and you get out before tide goes back out there is some serious coin to be made here.
Front running market flash crashes can be a bit tricky method of 'investing'.
Are you going to talk about upward revision today???
Bastille Day, cette aujourd'hui Vive la revolution!
I wouldn't be surprised to see BB play down QE3 in the session today, after he looks at the market's reaction yesterday.
The machines can do it.
The Fed is a barbarous relic. Scored some SAE's from Apmex @ spot $34.70 2 weeks ago.
Programmers will be busy this am won't they. If x=y then buy. If x doesn't equal y then buy.
The compiler will optimize out the invariant branch for efficiency.
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