Submitted by Phoenix Capital... on 08/05/2011 - 11:50
Indeed, the only thing that could really kick off a rally for stocks would be the announcement of QE 3 (or hint of it) from the US Federal Reserve. However, even this would be short-lived. The market has finally begun to realize that the Fed can’t solve the issues that created the 2008 Crisis. Which is why we’ve been in a free-fall for over a week now.