In case anyone forgot, the Russell 3000 closed 2010 and 2011 in the green after being solidly...


In case anyone forgot, the Russell 3000 closed 2010 and 2011 in the green after being solidly lower YTD pre-Jackson Hole. Don't expect much tomorrow - contrary to popular belief, nothing was announced in 2010 other than the Fed's readiness to act, i.e. nothing different than what Bernanke has said for months.

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  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    Little Doubt we get easing later in the year.. Just not Tomorrow or Sept 12/13

     

    I bet we see 1450/1500 SP500 by Jan 13
    30 Aug 2012, 11:41 AM Reply Like
  • Ron Jaenisch
    , contributor
    Comments (31) | Send Message
     
    To get the fed to act they need to get nervous. There are many factors that are making them comfortable. Retail sales are going up as well as consumer prices. Unemployment is not rising.

     

    All this can change big time in the months to come if defense contractors get nervous and think their $$ runs out Jan1.

     

    This would mean that under the law they MUST give notice before the election for groups that will be laid off Jan 1.

     

    My forecasts for oil, indices the euro and various stocks are on Cnn......http://bit.ly/Ue2ya2
    30 Aug 2012, 11:47 AM Reply Like
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