Wednesday, 22 August 2012

3pm update - more QE hopes

This is starting to get really tiresome. No actual change in policy today of course, its merely words. Mr Market jumps a little, the metals leap up, and the cheerleaders on the clown networks tout 'QE is oh so near!'



Bulls will obviously be targetting a new high >1426.

Its remarkable to just consider that the printing maniac might actually do QE3 next month, with the markets - and even more so, commodities, at such high levels.

Yeah..go on do an open-ended QE, lets see how many weeks it takes to get to $150 Oil.

That'll be bullish for the economy, right?

More after the close