Wednesday, October 13, 2010
QE 2!!! It's just printing money!!!
Just say what it is.
The Fed will print any amount of money, and they'll buy any amount of junk, that any of their buddies own in the nations's banks, until home prices start going up again!!
And all the while, you have Pimco's El-Erian, talking how the escape velocity of the economy isn't strong enough, even though equities went through his brick wall 1,000 points ago on the Dow, and 120 points ago on the S&P.
But darn it all--he'll say his claptrap with a bunch of gravitas!!
And get used to Ben buying anything toxic that the banks own. Including their mortgage dreck!!
And that's all I'm going to say about QE2, and that's all you need to know!!
That is, if you want to make money in stocks.
You could always say something else, with gravitas, of course, and lose your ass instead!!
Posted by Palmoni at 12:24 PM