Now it dies Blame big Ben for this . Don't blame me.
Since Monday the rumor had it Ber-n-a-n-k-e was going to kill the quantitive easing 3 hype and then he went ahead and did it.
What an **&@**^# for a F F Minister if there ever was one.
Yeah BB, with that move, announcing there will be no quantitive easing 3 over lower US unemployed statistics - all over a tampered with to show an improving employment situation as an Obama re-election ploy no doubt, went ahead and effectively killed the golden g**se that just started to lay the golden eggs with the market booming again.
Benny falls for this ploy and puts the boots to the one thing driving the markets ahead lately, the expectation of a quantative easing 3 announcement, and the hoards of investors that were just getting back into the market now just ran for cover all over again and we are going back to ghost town dead - market conditions of a few months back all over again.
He didn't have to announce a quantitive easing 3 to keep the market humming, but just keep the hope alive and keep the markets rolling.
So what does BB do in all his worldly glory and knowledge - he kills off the quantitive easing 3 for now and the market along with it.
Another gripe i have is with this silly Stockhouse "profane words found" nonsense preventing me from posting quantitive easing 3 the way it is normally typed.
What a phony world we live in.