Re: QE
"...ready..., ...prepared..., committed..., etc."
I personally believe that as of this week, the market has properly discounted the QE, and that further expectation is going to over-value and overshoot the valuation of said market, which is what the investing crowd is excellent at doing.
I say this in the speculative belief that, while the Fed is raising the expectation of further intervention, their rhetoric remains unchanged and conditional upon fundamental data that have sent mixed signals (employment remains high, but is picking up; sales are continuing to climb, prices are expected to fall, and further dollar weakness will likely spur export demand, which should reflect yet further improvement in the manufacturing and employment figures).
Further QE may possibly upset what seems to be a gradual, albeit fragile, organic economic recovery (i.e.: the demand for US goods and services from a weakening dollar will gradually create jobs, spur consumption, and improve fundamental data over the next 6-9 months).
- Dalcindo