Forced or voluntary.
I just ran across this story, the Fed's hawks are openly questioning QE2, not such a big deal in and of itself, but it gets more interesting with Janet Yellen (Fed Vice-Chair) coming out before the minutes were released and seemingly trying to ratchet down expectations. In any case, it's worth a read....
http://www.zerohedge.com/article/st-louis-fed-says-qe2-would-be-useless-and-may-be-damaging
5 years ago
3 comments:
They were stating to let this news out this morning on CnBS this morning also, but didn't let the commentators run overboard with it. By the way the currency wars are starting to overheat even more with the USD being the tug of war rope.
Whether they come out with QE2 or not, the market has been set up to tank. The whole POMO business was to give retail investors the confidence to buy all the shares of the insiders and large speculators that have been dumping into higher prices. Not only is 3C showing distribution, but the Commitment of Traders is showing bearishness amongst the smart money as high as in late 2008. I believe that that crash (2008-2009) was planned and I believe a new crash has been planned and is coming shortly.
Alesund, I think you have the gist of what's been going on here-a lot of golden parachutes. That is what distribution is by definition. They never distribute into lower prices, they accumulate into lower prices. As many of the eco number have shown, especially short interest, 3C has been picking up on what has been going on out there.
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