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Market recap: QE junkies got what they wanted in today's big Fed move, sending the S&P to...

Market recap: QE junkies got what they wanted in today's big Fed move, sending the S&P to its highest close in five years. It's open-ended too, so the commitment is for as long as it takes to rein in unemployment. Treasury prices rebounded after an initial selloff, and the dollar fell. Commodities surged; gold bugs especially loved the news. NYSE gainers beat losers three to one.
Comments (6)
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
    Zero percent interest has already proven to be ineffective.


    Ludicrous to expect unemployment to get "reined in" under an anti-business POTUS. Vote Barry OUT if you want economic recovery.
    13 Sep 2012, 05:10 PM Reply Like
  • phemale60
    , contributor
    Comments (2807) | Send Message
    hell no!! Barry IN -- GOTP Congress OUT! As Ludacris sings "Get out the way"!!


    Republican Big Ben gets it! They do not!
    13 Sep 2012, 06:25 PM Reply Like
  • mdesilvio
    , contributor
    Comments (78) | Send Message
    0% interest has worked so well for the Japanese economy in the last decade...and it has barely improved the unemployment situation.


    Increasing domestic demand is going to kick start this economy; and I don't mean for iPhone 5's and yet another online music / video streaming service.


    If QE3 was already cooked-in during the last few months, as was so often note in SA and elsewhere, do were really have anywhere else to go but sideways or down?
    13 Sep 2012, 05:24 PM Reply Like
  • RSI Raistlin
    , contributor
    Comments (400) | Send Message
    This really is scary......don't get me wrong my silver and materials stocks are screaming up and thats great but unlimited QE for unlimited time....jesus that sounds like a recipe for disaster.
    13 Sep 2012, 06:50 PM Reply Like
  • Southwest Michigan Trader
    , contributor
    Comments (405) | Send Message
    ben is sick... stock market euphoria bubble creation based solely on the fed...i think they have blown this equity bubble about as far as QE can as underlying fundamentals do not support these stock prices and with input inflation coming margins are going down... this is a mirage.
    13 Sep 2012, 09:12 PM Reply Like
  • dlevine007
    , contributor
    Comments (50) | Send Message
    I think that the Fed is drawing a line in the sand just like they did when the financial crisis hit originally. The Fed is essentially forcing investors into risk assets. I predict a bubble of epic proportions. Stocks can rise 100% from here and still have an earnings yield of almost twice the 10 year treasury. In my opinion, they will do that unless something changes. What is the alternative?
    13 Sep 2012, 11:21 PM Reply Like
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