POLL - QE3 and Friday

MsMorrisine · August 23, 2011 6:00AM

What do you think is going to happen?

roadrunner · August 23, 2011 6:20AM

I don't know. But considering M2 has increased $250 BILL in the past 4 weeks I'd say QE3 "stealth" is already underway regardless if Ben says yeah, nay, or nothing.

roadrunner

57loaded · August 23, 2011 8:06AM

i agree with RR and had heard similar things on a doom and gloom radio broadcast yesterday.

i think Friday will be interesting though, regardless.

KUCH · August 23, 2011 10:06AM

I agree with RR and 57loaded. QE3 has most likely begun. The can will be kicked again.

Leham · August 23, 2011 12:57PM

Uncle Ben's speeches seem to be good for Gold prices. I anticipate a spike sometime soon after he is done speaking, which will indicate a good time to sell this temporary peak and double down after the dip, that everyone knows is coming.

MoneyCollector · August 23, 2011 3:25PM

QE3 is already underway. Banks borrowing at 0% or close to it and buying Treasuries is QE. Only way out is inflation and they know it. No real growth in the economy. Its all part of the master plan. The Fed will announce sometime within the next year that they are taking all the Treasuries off their books and our debt is magically lower by $3T.

derryb · August 23, 2011 3:44PM

I agree with everyone that has agreed with everyone else.

TheTalkingWalnut · August 23, 2011 4:05PM

Didn't know you were a Sal and Richard fan derryb.

"I agree with your agreement"

mixman · August 23, 2011 11:34PM

Chairsatan will speak jibberish, markets will pop, then lower once everyone digests the nothingburger he has left them.

MsMorrisine · August 24, 2011 8:52AM

the CNBC talking heads seem to be voting for what most everyone else is thinking

derryb · August 24, 2011 8:59AM

Was today's gold smackdown just preps for an expected Friday gold rally?

Spooly · August 24, 2011 9:17AM

I would think it would be a 4 day run on gold, but the Fed meeting is Friday. Do you want to be in the market Friday or out of the market?

Banemorth · August 24, 2011 9:23AM

I really don't think they are going to take any additional action. They extended the ultra low interest rates and that's MORE than enough. Then again this is big Ben we're talking about....

MsMorrisine · August 24, 2011 12:33PM

<< I would think it would be a 4 day run on gold, but the Fed meeting is Friday. Do you want to be in the market Friday or out of the market? >>

Friday is just a World Economic Forum in Jackson Hole, WY that Uncle Ben will attend.

Scheduled FOMC meetings are Tuesday for 1 day meetings and Tuesday-Wednesday for 2 day meetings.

MsMorrisine · August 24, 2011 12:34PM

<< I really don't think they are going to take any additional action. They extended the ultra low interest rates and that's MORE than enough. Then again this is big Ben we're talking about.... >>

I wouldn't say "extended"

they forecasted that rates would be low. (implication that we will have a stagnant economy that long)

derryb · August 24, 2011 12:35PM

I believe (could be wrong) that Jackson Hole is where QE2 was announced.

MsMorrisine · August 24, 2011 1:30PM

actually QE2 was announced in a November FOMC statement, and the first was announced in a March 2009 FOMC action.

the last FOMC meeting was Aug. 9th and the next will be Sept. 20th.

If they were to announce one, I'd think they'd have to have a "emergency meeting" first to vote on it.

I don't think it is likely.

So, I don't think Uncle Ben can even hint at any action.

Groiny · August 25, 2011 12:41AM

<< What do you think is going to happen? >>

The U.S economy is on the verge of going belly up

jmski52 · August 25, 2011 7:03AM

Bernanke wouldn't tell us a thing, even if an economic nuke was about to hit downtown Manhattan.

renman95 · August 25, 2011 7:10AM

He's pushing on a string.

MsMorrisine · August 26, 2011 1:34AM

and the winner is?

no one.

RedTiger · August 26, 2011 2:59AM

<< and the winner is?

no one. >>

As of this writing, stocks, bonds, gold all up big. So everyone's a winner in Friday's Baleyville market, everyone except the mega-bears in all three markets. Then again, by the close, prices might be very different.

ttown · August 26, 2011 3:33AM

Ben for the win!

Baley · August 26, 2011 4:29AM

So everyone's a winner in Friday's Baleyville market

Even my house ticked up on the most recent Zillow. Neighbor's house sold well above the asking price in 2 days with multiple offers last month.

Do you prefer a pisler, lager, or ale?

OPA · August 26, 2011 5:52AM

<< So everyone's a winner in Friday's Baleyville market

Even my house ticked up on the most recent Zillow. Neighbor's house sold well above the asking price in 2 days with multiple offers last month.

Do you prefer a pisler, lager, or ale?

>>

You can keep the "pisler"....I'll take a Pilser or Pilsner beer

derryb · August 26, 2011 7:34AM

Ben spoke, metals moved up. Guy should learn to zip it.

johnny9434 · August 26, 2011 8:05AM

ill go with the wait and see attitude. were not out of this yet and by far were not jmo

Baley · August 26, 2011 8:46AM

thats what i get for typing fast, yes pass on the pissler, get the pilsner instead

MsMorrisine · August 26, 2011 8:59AM

why I said no one is a winner:

I don't think they have any new ideas.

I'm still hung up on the fact that if they don't think inflation is a threat, why they don't try to act and get growth going.

Sure, Sure... hang it on the politicians... but the Fed can act, too.

Or can they?? Are we in a Japan situation?

POLL - QE3 and Friday

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