Is the daily performance the result of this lack of QE?“The market is consumed with QE,” said John Spinello, chief technical strategist in New York at Jefferies Group Inc., one of 18 primary dealers that trade with the Fed. “There are indications that the marketplace is disappointed at the fact that it’s more than likely not going to be a huge initial undertaking and no one knows the amount.”
Or perhaps investors have realized a 10-20% run up in risk assets / real assets in a month (due to QEII) is a bit ridiculuous...
Source: Yahoo
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