Market recap: Stocks stumbled as St. Louis Fed's James Bullard threw cold water on QE3 prospects...

Market recap: Stocks stumbled as St. Louis Fed's James Bullard threw cold water on QE3 prospects and data from China and the eurozone pointed to stalling growth. But the QE trade followed through in other asset classes, including gold, the dollar and Treasurys. Perhaps a little profit-taking in stocks after a 10% run-up since June shouldn’t be a surprise. NYSE losers led winners two to one.
Comments (11)
  • into dark shadows
    , contributor
    Comments (483) | Send Message
    The traders looking for more QE and dollar debauchery are not only greedy pigs, but they are arrogant in their dismissal of what this horrendous policy from Bubble Blowin' Ben has wrought on the average hard working man / woman!


    There is NO WAY you get anymore QE now!
    Unless Bubble brained Bernanke is so out of touch he does not care what crippling Oil and Gas prices are doing to working / struggling Americans!


    A pox on all your houses, from the ivory tower progressives all the way down to the gutter filled swine on wall street!
    The free market has been decimated and thanks to ineptitude from Greenspan first and Bernanke / Geithner now, is it any wonder the retail investor will have NOTHING to do with equity for at least a generation or two!
    Garbage in, garbage out!


    God save the republic!
    23 Aug 2012, 04:23 PM Reply Like
  • nasdaqwoody
    , contributor
    Comments (192) | Send Message
    But how do you really feel?
    23 Aug 2012, 09:18 PM Reply Like
  • BruceInKY
    , contributor
    Comments (445) | Send Message
    don't know if naswood hit like but I did, a little histrionic but I've been known to go there myself. Amen I say to you, into.
    23 Aug 2012, 10:14 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    Manipulating the business cycle via QE is ignorant policy that's failed imo, unless the sole goal is to push up stock prices.
    23 Aug 2012, 04:27 PM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    God Save the Queen...
    23 Aug 2012, 04:29 PM Reply Like
  • BruceInKY
    , contributor
    Comments (445) | Send Message
    In a follow-on non-sequitur reference pertaining only to Prince Harry's escapade and leaving our dear Chairman Ben aside, bbro, I think we can both agree that the Queen is not amused. Ta.
    23 Aug 2012, 10:20 PM Reply Like
  • cuervoferoz
    , contributor
    Comments (17) | Send Message
    God save my portfolio.
    23 Aug 2012, 04:47 PM Reply Like
  • Van Hyder
    , contributor
    Comments (172) | Send Message
    buy SPY puts
    23 Aug 2012, 11:07 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
    soldhigh hit the nail on the head....QE is not allowing the economy to go through normal cycles..just a pump up the stock market for the wealth effect..The FED can't as easily manipulate housing and other assets as it can with the stock market...Terrivle internal market high list shrinking daily as SPX hits new highs Punk volume and short squeezes the only winners in today's "sell off". PPT was buying earlier to keep prices up
    23 Aug 2012, 05:00 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4297) | Send Message
    "There's lots of things that can be solved with cash."
    Danny Boyle
    23 Aug 2012, 05:39 PM Reply Like
  • The Last Boomer
    , contributor
    Comments (1079) | Send Message
    The Eurozone and the entire European Union are in a recession, China is slowing down rather sharply, the US economy is not exactly thriving either, but the stock market has reached new four-year highs. How about that? This is a new definition of "whistling past the graveyard".
    23 Aug 2012, 10:45 PM Reply Like
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