(POLL) Tomorrow is the Day. What will the Fed "Announce?"

MsMorrisine · September 12, 2012 8:58AM

What will the Fed Res announce as far as QE goes?

I think it is a given that they will at least hint at QE per their Jackson Hole re-re-re-hint. So there are only two real choices on this one.

Justacommeman · September 12, 2012 9:05AM

They will say things are slower then they anticipated and they are watching it closely and are ready to act. He will also say that Congress needs to do it's part. Oh snap, that was last meeting.

MJ

derryb · September 12, 2012 9:07AM

I'm with MJ. While their mandate from Congress is employment it seems their greedy concern is the stock market which is doing just fine.

Goldbully · September 12, 2012 9:08AM

<< They will say things are slower then they anticipated and they are watching it closely and are ready to act. He will also say that Congress needs to do it's part. Oh snap, that was last meeting.

MJ >>

Dead on!

Julio · September 12, 2012 9:14AM

Why do it when they get the same thing talking about it. Take care. jws

derryb · September 12, 2012 9:19AM

If you are a gold bug, do not forget that central bankers are your very best friends.

"When a central bank starts writing checks and printing money in the trillions of dollars, it’s best to have something tangible that can’t be reproduced." - Brill Gross.

MsMorrisine · September 12, 2012 9:23AM

<< Why do it when they get the same thing talking about it. Take care. jws >>

eventually the market will catch on that it is only talk.

they need to keep saying the same thing in different ways to keep the market expecting more than it is getting.

and derryb makes a good point. although I'm sure they'd argue that a strong market is conducive to a stronger job market.

piecesofme · September 12, 2012 9:24AM

If that's all they say...look out below!

Justacommeman · September 12, 2012 9:32AM

<< If that's all they say...look out below! >>

I would welcome a huge pull back in the stock market.

MJ

NumbersUsacom · September 12, 2012 9:34AM

Bernanke don't want to lose his job. He will forgo this time and punt.

If we do get a good sell off, buy in the 31.25 area based on the Dec Silver contract.

gsa1fan · September 12, 2012 10:04AM

More from "spin Dr's & talking heads" same as it ever WAS!

Turn it up! LOL!

DrBuster · September 12, 2012 10:11AM

<< 

<< If that's all they say...look out below! >>

I would welcome a huge pull back in the stock market.

MJ >>

Ditto. Waiting for it actually.

gsa1fan · September 12, 2012 10:19AM

LOL!

Spooly · September 12, 2012 11:05AM

FED softball and the market will "sell" the news. I'm a buyer at the next pull back.

cohodk · September 12, 2012 1:29PM

<< 

<< If that's all they say...look out below! >>

I would welcome a huge pull back in the stock market.

MJ >>

I'd settle for 1 or 2 stocks pulling back "hugely".

Justacommeman · September 12, 2012 1:53PM

<< 

<< 

<< If that's all they say...look out below! >>

I would welcome a huge pull back in the stock market.

MJ >>

I'd settle for 1 or 2 stocks pulling back "hugely".

>>

That also.

All signs are pointing for a pullback and as you know the market tends to surprise us when we least expect it.

Tomorrow will be fun

MJ

Justlooking · September 12, 2012 4:48PM

Really shocked at the results of this poll. I'm hoping they don't act, betting they don't act, I voted they won't act ... but think they probably will.

You know, it's only money.

pitboss · September 12, 2012 11:21PM

Too much at stake for mr O in the election for them to act right now.

See the movie 2016 at your local theater if you have not as of yet.

It is a must see.

Justacommeman · September 13, 2012 12:20AM

The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

MJ

guitarwes · September 13, 2012 12:26AM

<< The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

MJ >>

you fast thing you.

bronco2078 · September 13, 2012 12:42AM

I predict they are going to announce the dollar is to be pegged at 1 to 1 with the mexican peso for stability reasons

Justacommeman · September 13, 2012 1:10AM

<< 

<< The build up of QE3 reminds me a lot of a third date. You know you are going to get something but you're just not sure how much.

MJ >>

you fast thing you. >>

In NYC if you didn't envoke a self imposed third date policy you could go broke waiting to hit paydirt.

MJ

derryb · September 13, 2012 1:35AM

the can just got kicked onto the interstate.

JCMhouston · September 13, 2012 2:04AM

The Bernanke hit a home run for me at least. Stocks up and gold up, whats not to like?

renman95 · September 13, 2012 2:04AM

Shazam!

renman95 · September 13, 2012 2:08AM

I predict a new Dow Record by, hmm, election day.

Make room for the sheeple.

Two grand gold by New Year's?

JamesMurray · September 13, 2012 2:12AM

<< The Bernanke hit a home run for me at least. Stocks up and gold up, whats not to like? >>

piecesofme · September 13, 2012 2:16AM

So does this mean over 80% of the people here were wrong about what was going to happen, or 20% of us were correct?

I predicted it would happen today, but that does not mean I am happy about it.

Proving once again to, DO YOUR OWN DILIGIENCE, FORM YOUR OWN OPINION AND TRUST ONLY YOUR INSTINCTS, because most of the time people will tell you what you want to hear, like former Fed governors.

NumbersUsacom · September 13, 2012 2:20AM

Well there goes Bernanke, he just lost his Job (4 1/2 months and he is gone). It was a gamble for him, but I believe he just stacked his bricks on the wrong side of the play.

DrBuster · September 13, 2012 2:21AM

Urgh, why did I just pay off the summer credit card from my powder stash last week. Oh well.

Justacommeman · September 13, 2012 2:23AM

We all just got laid. Nice. MJ

gsa1fan · September 13, 2012 2:25AM

How is this going to create JOBS???

renman95 · September 13, 2012 3:06AM

<< So does this mean over 80% of the people here were wrong about what was going to happen, or 20% of us were correct?

I predicted it would happen today, but that does not mean I am happy about it.

Proving once again to, DO YOUR OWN DILIGIENCE, FORM YOUR OWN OPINION AND TRUST ONLY YOUR INSTINCTS, because most of the time people will tell you what you want to hear, like former Fed governors.

>>

Please tell us more.

renman95 · September 13, 2012 3:08AM

<< How is this going to create JOBS??? >>

It's only suppose to "save or create" one job.

piecesofme · September 13, 2012 3:10AM

lol...I would renman95, but who really cares what I have to say here? Even I know that by now.

jmski52 · September 13, 2012 3:11AM

I think that gold will go up.

MJ, lol.

NumbersUsacom · September 13, 2012 3:44AM

<< 

<< How is this going to create JOBS??? >>

It's only suppose to "save or create" one job. >>

I'd say two, B & O and its not the RR. I believe they have just grapsed at their last straw. America will take its bath on November 6th and get rid of their BO !!

johnny9434 · September 13, 2012 4:31AM

still looks like we got plenty of ink and paper left.

Fountainhead · September 13, 2012 4:37AM

The Fed announced "QE3" - i.e., it will continue to destroy the savings of Americans dependent on safe fixed-income returns, compelling them to remain working into their seventies and denying college graduates the opportunity to get new jobs because the old folks can't retire anymore to make room for the young.

Forget the want ads. Better to look at the obits instead.

Justacommeman · September 13, 2012 4:44AM

QE3+

I like the moniker

MJ

VanHalen · September 13, 2012 4:56AM

$40B/month as long as needed!

We could see $50 silver before spring, after 6 months of FED buying.

Holy Cow!

jmski52 · September 13, 2012 6:41AM

$40B/month as long as needed!

Just remember - $40 Billion doesn't go as far as it used to. How long before the number suddenly becomes $60 Billion?

pragmaticgoat · September 13, 2012 6:45AM

<< $40B/month as long as needed!

Just remember - $40 Billion doesn't go as far as it used to. How long before the number suddenly becomes $60 Billion? >>

fishcooker · September 13, 2012 6:46AM

If they cared about employment of the young, the illegals would not be catered to.

piecesofme · September 13, 2012 7:41AM

Why are people still voting on this Poll after it is over? LOL At the time of announcement, 38 votes total and it was 82% saying hint and 18% saying definite. The Poll ended when the announcement was made folks.

DrBuster · September 13, 2012 7:47AM

Happy hour: gov is buying and selling your house while you live in it, beware your landlord.

cohodk · September 13, 2012 7:59AM

Such a guaranteed trade, right?

57loaded · September 13, 2012 8:18AM

<< We all just got laid. Nice. MJ >>

U R 2

MilesWaits · September 13, 2012 9:40AM

This a note on the Sinclair website. First, I am surprised anyone would take the time to mention the pariah of poor judgement, Nadler.

Second, this is PER month. Just like a car or house payment. Or protection from the mafia.

Lastly, how right does Jim have to be to be given an Angel?

Message:

Jim,

LET’S THE GAMES BEGIN!

The Fed announced the beginning of QE3 with $40B in purchases of Mortgage Backed Securities PER MONTH without stating any end date or dollar amount. Here is the statement:

http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

"the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month."

"If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability. "

No limits. No end date. This is QE to INFINITY!

Make no mistake… this is all on purpose. This is the END GAME and the blame for the global meltdown will be placed, rightfully, on the shoulders of the Federal Reserve.

Basically, the Fed has chosen to FALL ON IT’S OWN SWORD!

The Gold and Silver move upward has caught all the shorts off guard. The Bad Guys are in deep, deep trouble as they took their cues from the likes of Jeffrey Christian and Jon Nadler who were advising EVERYONE to short gold and silver.

Now it gets exciting!

PS – Ron Paul just happens to be speaking tomorrow night at the Liberty Political Action Conference. If you think that is a coincidence then I have some lovely swamp land to sell you in Florida!

The world is about to change.

May the Road you choose be the Right Road.

Bix Wei

VanHalen · September 13, 2012 11:38AM

Good post MilesWaits. Thank you!

roadrunner · September 13, 2012 11:47AM

<< Why are people still voting on this Poll after it is over? LOL At the time of announcement, 38 votes total and it was 82% saying hint and 18% saying definite. The Poll ended when the announcement was made folks.

>>

I forgot to vote and wanted to see the end results. I tossed in what my vote would have been from yesterday (ie no QE). Was wrong just like the pack.

Just to keep the record straight, Jim Sinclair said the FED would never come out and make a formal announcement like they did today. It's just not how "it" is done.
Well Jim had the QE to infinity part down from 6-9 months ago. But he was off on this call. It probably influenced me to vote the same way as well. Normally, I support
JS when others are bashing him needlessly. This time he got it wrong big time. Not the first time....won't be the last.

(POLL) Tomorrow is the Day. What will the Fed &quot;Announce?&quot;

Comments

(POLL) Tomorrow is the Day. What will the Fed "Announce?"