I am pretty sure that is what is supporing the market, that and a lot of positions are likely short the market, and there are many that are out of the market.
Roy as I see it its liquidity. There will always be stocks that move on their own news and technicals. They all get an assist if the market is moving one direction or the other. Since the banks etc are not using this low interest money to give loans it is being placed. Well don't want my money sitting for .1% so the stock market is pretty much the only game in town. They have to put the money somewhere!!
"QE3" (if it can be labeled as such) is $40B per month of MBS (mortage backed securities) purchases by the Fed which Bernanke announced as a plan without an end point. "As long as it takes" or some such words.
I don't have much of a feel for the actual effect, so I'm trying to select options of stocks that seem to have their own row to hoe. ********************************* I don't think anyone knows what the actual effects will be. It's more a case where the banksters do know pretty well however what happens if the QE3 doesn't proceed according to plan.
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