It appears the market is further upset after a report via FOX clown network that 'Romney thinks QE3 is NOT the way to go'. Commodities - including even the metals, are now suffering as a consequence.
sp'daily5
vix'daily
Summary
I've been watching CNBC clown network, and just earlier, the two hosts were seemingly coming around to the notion of 'no chance of QE before the next FOMC of Dec 11/12'.
That is FIFTEEN weeks away! Can the algo-bots hold the market above the key 1354' level until then?
It sure is going to be a battle this September between the QE believers, and the deflationary doomers.
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*the weekly VIX is also turning somewhat doomy, but more on that later.