You can't find a reporter or pundit willing to predict that Big Ben Bernanke will unleash or at the very least hint at QE3. But you know who is? The market. The market is rallying for two reasons today. 1) We're oversold and we were do for a bounce anyway. Plus, all the bad news is priced into the market already. Only us actually falling into recession or a Lehman like collapse in Europe could send us through the lows we set on Aug 8th. 2) The market believes that Bernanke will come to the rescue. Could the market be wrong? Sure, but I trust it more than the jackals on CNBC. Remember, markets never lie, and they're telling you help is on the way ;)
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