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As S&P Goes Red For The Year, It's About That Time...

By: capt_nemo in WRGO | Recommend this post (0)
Wed, 03 Aug 11 1:30 AM | 23 view(s)
Boardmark this board | Reality news,,,,,,,,

Msg. 00762 of 18626
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Submitted by Tyler Durden on 08/02/2011 16:20 -0400

* Ben Bernanke
* Purchasing Power

As of a minute ago, the S&P has just gone negative for the year. It still needs to drop another 20% to retrace the QE2 rally, at which point Bernanke will launch QE3. He may well launch it before if Friday's NFP is well in negative territory. Incidentally, today we just had another 8 day closing streak, the longest since 2008.

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http://www.zerohedge.com/news/sp-goes-red-year-its-about-time

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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