The almighty Bernanke has started to show a pattern in his rhetoric, and actions. And if this pattern is to be solidified, we could very well have QE3 within the week before Thanksgiving here in the U.S.
Historically, markets are up during the weeks leading in to turkey day, the confidence is spurred to get Americans excited for “Black Friday”, and now Cyber Monday, when historically, numbers will tell you, the “evil corporations” finally leave the red and land in the black. These profit turning days need the markets up in order to have the success that is anticipated. The corporations need it, the US needs it, the world needs the US consumer to continue buying all their imported products….
With the market down this last week, and a not so bright outlook next week, QE3 could show it’s face less than 14 days apart, one year ago, from the implementation of QE2 last year on Nov. 10th.
Occupy, occupy, occupy… if only they knew what was really going on…they might be able to make a difference…
When QE2 was implemented it followed more than one preparatory speech by ol’ BB which opened the door for more liquidity to be added to the system via quantatative easing. There is an eerie similarity with 2008 concerning the way the markets are acting right now.
Let’s see if the “occupy movement” realizes this, then we will find them blocking the doors of all major retail boxes next Friday. But they won’t, they just may leave thier occupy events to help the “evil corporations” as they try to snag a deal on the latest ipad, so they can communicate better via Facebook…
Keep an eye out this week, markets are taking a major hit today…will the Fed. and the US allow everyone to fall on thier face going in to the holidays of 2011.