Tuesday, July 24, 2012

Does Q-Easing Matter at this Point?

The Fed's last gasp of air will be coming soon. Today's stock market rebound from rumours of more QE is even more telling. Now markets will digest that possibility and move on to more prescient matters. Even when the Fed inevitably announces QE measures, the market will fade from the pop because the "smart" money has already factored in the move and will look toward what is next (and who will support the markets going forward)...

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