QE3

[Frixxxx]

Can we keep kicking the can down the road?

Bernanke: Fed May Launch New Round of Stimulus

Link

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

 

[malyla]

Can we keep kicking the can down the road?

Bernanke: Fed May Launch New Round of Stimulus

Link

And the market rallies....

Not sure how a third turn of the key will start our economic engine when there is no gas in the tank..., but hey, it's good for the markets!

 

[coolhand]

More Fed Easing? What Could Bernanke Be Thinking?

http://www.cnbc.com/id/43741555

 

[Birchtree]

I'll take a six pack of Moxie to go with my $700 billion of QE3 - that'll help put me over the top.

 

[coolhand]

I would not be too quick to think this market will embrace whatever the Fed does next. I realize conventional wisdom says not to bet against the Fed, but even they are not omnipotent. We'll see what happens, and it will probably take some time to play out, but one of these days there's going to be a curveball thrown that most will not expect.

I'll take a six pack of Moxie to go with my $700 billion of QE3 - that'll help put me over the top.

 

[FAB1]

6-pack of Moxie?

 

[coolhand]

Remember that curve ball I mentioned?

Moody's Warns It May Downgrade US Credit Rating

http://www.cnbc.com/id/43746061

 

[jpcavin]

6-pack of Moxie?

You have to be from Maine or over 60.:laugh: Or smart...

 

[nnuut]

I'm very very Moody!
How can anyone grow a Retirement Account in WEATHER like this?
OUCH!
​

 

[FAB1]

You have to be from Maine or over 60.:laugh: Or smart...

PPPPppptt!!

Theres a wet spitty one for ya!

 

[jpcavin]

PPPPppptt!!

Theres a wet spitty one for ya!

Thanks Good Buddy!:toung:

 

[Birchtree]

I'm actually out of New Hampshire and Moxie is a real treat.

 

[jpcavin]

I'm actually out of New Hampshire and Moxie is a real treat.

That may be so but it's the official soft drink of Maine.

 

[Birchtree]

Now I didn't know that. You are missing this next ride up and giving me a chance to pass you on the tracker - thanx.

 

[jpcavin]

Now I didn't know that. You are missing this next ride up and giving me a chance to pass you on the tracker - thanx.

Game on!

 

[Frixxxx]

U.S. may lose top credit rating soon
LINK

NEW YORK — The United States could lose its top notch credit rating and that has made its largest creditor, China, nervous.

and

Federal Reserve Chairman Ben Bernanke appeared before Congress and warned lawmakers not to allow a default.
"If we went so far as to default on the debt, it would be a major crisis because the Treasury security is viewed as the safest and most liquid security in the world," he said.

75 points down in an hour....not a record, and nothing to be proud of!

 

[coolhand]

Love that confidence.

Here's a little tid-bit to go along with it.

'Don’t Fight the Fed' Has Worked for 20 Years: Analyst

http://www.cnbc.com/id/43751188

Now I didn't know that. You are missing this next ride up and giving me a chance to pass you on the tracker - thanx.

 

[nasa1974]

Good ol'e Ben. Tap danced this morning and the markets turn sour.