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number as usual to force the imminent QE3 till right before the election I imagine. QE is the only thing holding markets together. The artificial level of say 14,500 pointed to just over the teleprompter would be a salve to fools, wouldn't it?
Can you help answer these questions from other members on NexusFi?
New poll on forum homepage. Is the next QE/Twist already priced in? Will markets move lower once announced? Or is it not yet completely priced in, and markets will move higher still once announced?
Please vote on homepage and discuss in this thread.
imho there's a huge difference between qe and twist.
an announcement of qe 3 could mean higher prices (very short term) as traders would buy (or cover short), but investors would sell. and so would I.
an announcement of another twist is less emotional. some would be disappointed, some relieved and some confused. and at the end of the day, market would continue to climb higher to reach a more fair value.
that said, I don't think I can participate in the poll
Can you expand on your thinking on this? I was using 'twist' as a general term fitting anything that is not "QE3" but some "twist" on what QE3 would be.
Fed already announced an extension thru December for the "phase 2" of the current Twist.
In fact, I've thought for a while they would do a "Twist" instead of QE3. My thinking was that they need to keep renaming it, and slightly changing the rules of the game, in order to keep it fresh so the market is not continually frontrunning and adapting/expecting it (like what is happening now, in my opinion).
But what doesn't jive is all the rumors of QE3 coming in September. Since Twist is still running through the end of the year, I really don't feel like there will be a QE3 this year.
Market continues higher, and higher, in spite of all the bad economic news. So now lets say QE3 is not delivered as promised in September, to me that would mean a massive sell off. But lets say QE3 is in fact delivered as expected in September, that to me also signals a sell off. So I am just bearish overall, mainly because I think this entire upward thrust in the market is built entirely on QE. So whether it comes, or doesn't come, either way - we go lower.
The only way to go higher is to have some sort of unexpected QE.
Submitted by Tyler Durden on 08/09/2012 - 23:05 President Obama
A 40% loss of post-IPO market-cap, channel-stuffing largesse, contract-law destruction, and all with tax-payer backing. That is what the Bailout'er-in-chief has in mind for every manufacturing company in the US. As Politico reports this evening, President Obama gave a speech we think rivals his 'you didn’t build it' miasma as he alienated foreigners, encouraged socialized losses, and suggests bailouts for any and all. "I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," (cough - down 43% - cough) he said. "Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry."